as suspected ERW held the Ann re the track until its clearance...

as suspected ERW held the Ann re the track until its clearance had already started. The fun is going to start now.

Quite aside from the Ni at AW, there is the REE and other stuff at Errabiddy and the Pegmatites + possible Li at AW. The latter alone just enabled Azure's sale of 20% for $20m which equates to a $100 valuation except its notable that Azure only owns 60% of Andover. So the investor in Azure only really bought 12% of the tenement. You could argue that means the tenement valuation is $160m.

Now consider ERW owns 80% of Andover West, it could be argued that AW is worth $200m. Now look at the satellite pics of Andover and AW that I posted a few months back in this spread and its possible AW has a greater pegmatite / prospective Li resource than Andover. And Errabiddy isn't even in the frame yet despite some decent early findings.

Whichever way you look at it, any massive sulphides at AW will expose ERW's vast under valuation. Current MC $15m. Azure current MC $110m. This has potential to go way better for holders if ERW ups its Marketing Communications and does some of the investor road shows they talked about in November. But fingers crossed for Ni hit to release the potential.



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