WR1 General Discussion, page-10522

Regarding Cancet, these three things can all be true at the same time:

(1) WR1's drilling of Cancet has been disappointing, which explains the lack of announcements about it

(2) Cancet is a "sleeping giant" and more quality spod will likely be found, in due course, in its massive 20,000+ ha

(3) if nothing further is discovered at Cancet, the existing 3mt resource (from MTC drilling in 2017) is "easy" and high-grade enough that it will still (almost certainly) be the first deposit WR1 mines

e.g.
3mt @ 1.4% grade and 75% recovery = 525kt SC6 over LOM (presumably 3yrs)
Pessimistically at 1400 usd/t margin = 1bn aud EBITDA over LOM
Optimistically at 3600 usd/t margin = 2.7bn aud EBITDA over LOM

All just imo.