@Voski AZS was trading in the 20c range prior to the lithium 'discovery' (to give you an idea of what the nickel is worth)
SQM also set the value at this stage to $100M with their investment at around 26c prior to any real lithium discovery being made (if a real lithium discovery is made this could be worth multiples)
As for ERW, this is a nearology play to AZS on the nickel side of things (i dont think anybody is here for the nickel, particularly the new investors). We're here for the Lithium
I dont think ERW found any outcropping spodumene on their tenement otherwise we would have heard about it and they would have announced it with photos etc.
AZS is drilling along greenstone belt on highly prospective land with very high grade rock chip assays and outcropping spodumene across the tenement.
AZS Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held