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6.90% 6.2¢ errawarra resources ltd

Ann: Errawarra - Acquisition of Outstanding Nickel Prospect, page-8

  1. Panzerbiscuit
    198 Posts.
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    22/02/22
    18:53
    Post #: 59741829
    The Andover nickel story is, at best, a technical success. The Nickel sulphides intersected within Azure's tenure(the best comparison for ERW at the moment) are thin, low grade and very deep. For the sorts of depths that they are targeting ~200-700m, you would want grades in excess of 7% Ni, and closer to 10m thick at a minimum. 7m @ 2.39% Ni from 550m doesn't cut it.
    ERW Price at posting: 22.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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