Ann: Errawarra - Ground Reconnaissance Continues at Andover West, page-15

Unsure on NVO. Prospectus said they paused the divestment then latest presso said it's being divested.

ERW MC is where I see the gains. Thus won't remain an ridiculous EV of 1.5m for long . Only thing holding it back is lack of progress not potential. Ask AZS holders from the Mexico days about sentiment, they all wanted Roviras head before Andover. Now he's a hero...

one thesis I have is they sell off the lithium/nickel tenement to one of the others. RDN could use it for tonnage and acres. AZS could use it as they already applied for water rights on ERW land if memory is correct. GRE could use it to connect their JV through ARV (Not physically) and same mgt/owners. Min 50-80m sale.

So if that sells then ERW still have a cracker graphite project that surrounds BUX 14.4% TGC project. Graphite is shite now but wont be in 1 or 2 years (supply deficit projected). They could pivot to that and with cash grab another project.

ERW mgt is very well connected so anything could happen just not now, hence punters frustration.

Retails never been good at patience.