Regarding PMET comparisons:
I'm almost certain Corvette will be bigger than Adina.
But WR1 has two flagship projects being developed simultaneously, both shallow, both on dry land, both likely low capex & opex, and both imo at this point will almost certainly be mined.
Cancet is the simplest and easiest of the three deposits. Right on a highway, shallow, amazing grades. Also possibly the best met test results out there, so definitely a DMS-only flowsheet. It's also an advanced project, which has been worked on since 2017 (under MTC)
I think WR1 will get into production earlier at both sites, and rate of production between Corvette vs Cancet + Adina together will work out to be very similar.
For me the major turning point for WR1 was hiring SB (ex-CXO MD) as confirmation WR1 will be prioritizing speed over size. You only need a few million tonnes of reserve to start printing cash at high, high margins.
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