It has nbeen brought to my attention that I have used the term "arms length" in this portion below of my post. It should have read "non arms length" . Sorry if it caused any confusion, it was just a typo. Thanks to the poster that informed me of this mistake;

"Nevertheless, in our circumstance, I believe the pro,s for us optioning the Peruvian properties, outweigh the con,s. It is extremely beneficial to have an arms length company hold the option agreements on these properties, rather than an outside company"