Ann: Agreements Signed to Progress Drilling in Peru, page-8

It was mentioned to me on the STM thread, sorry, can't remember who. I like Ecuador and copper so Peru is a natural extension.

I also like the strategic alliance model. Can't think of anyone else like it in the ASX? I like the fact they won't be going cap in hand to the market every 5 seconds. Happy to dilute at the project level with tier 1 targets and a partner like South32.

They will be generating new projects and participating in existing ones. Good news flow, relatively low risk ($9mill EV) with big upside if they get lucky. You have to be drilling to be winning, and drilling needs cash.