Looking at the end of Preso, Seems to me the play is to prove up...

Looking at the end of Preso,
Seems to me the play is to prove up holding then look to get Taken over.

The last part they make special note of ;
" Rio Alto bought for 1.3 Billion CAD "
" Arequipa Resources bought for 1 Billion CAD "

Mr. O'keefe's intention may be to never mine, but to firm up the prospect
as much as possible, to make it attractive to the major locals already producing
near the location.

Either way is good, with this approach a lot less risk.
No development costs etc.
Just what I got from it,
thinking out loud?
GL