Low Leverage / Balance Sheet FlexibilitySustained zero debt materially reduces default and interest-rate risk, giving management flexibility to prioritize exploration or restructuring. Over 2-6 months this durable low-leverage position supports access to non-debt funding and reduces near-term fixed financial obligations.
Improving Cash Burn TrendA notable reduction in free cash outflow year-over-year reflects cost control or more efficient operations. If sustained, this durable trend extends runway, reduces near-term financing needs, and improves chances of reaching milestones without repeated dilutive raises over the next several months.
Evidence Of Operating LeverageHistorical, albeit brief, positive EBITDA shows the business can achieve operating-breakthroughs under certain conditions. This implies structural potential to manage costs and leverage fixed investments toward sustainable profitability if exploration or operational outcomes improve.