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.
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It was mentioned to me on the STM thread, sorry, can't remember...
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