WR1 General Discussion, page-5714

Sigma will produce ~250kt this year, then expand to 700ktpa+ from mid-2024. They're ridiculously undervalued and will be producing a huge amount of spod and selling it at high margins for 3 or 4 years before WR1 can produce even a modest amount. Spod prices in 2026-27 almost certainly won't be as high as they are now imo.

But yeah the Adina intercepts look amazing and Sigma, esp at Xuxa, didn't have mindblowing drill results. However, their spod is coarse and high-grade, and that's partly why they have the best project economics out there. Cancet looks like it might have even better spod.