ERW 6.67% 8.0¢ errawarra resources ltd

Ann: Errawarra - Grant of Andover West Tenement, page-3

  1. 135 Posts.
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    I agree. This is certainly looking worth a punt.

    ERW now has its tenement and exploration rights granted
    ERW now has it’s heritage agreement signed.
    ERW is now ordering drill rigs to start drilling hopefully in first week of next month
    The geology does add up well and makes for a compelling case to have a punt
    I understand Twiggy Forrest just tried to over peg the site for himself recently in the "gazumping" episodes - and failed.
    AZS hit nickel in "every single anomaly " they drilled into next door and that line of obvious anomalies extends directly into ERW's abutting tenement.
    AZS hit a MC of circa $350m following their initial hit.
    If ERW does hit Nickel - AZS who are not finding as much as they hoped overall will likely want to pair up to jointly develop the siteERW has 3.3 million cash enough to do the exploration required ERW has a very small Market Cap and low shares on issue so could jump a lot if results are positive
 
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