Conservative LeverageThe company’s very low leverage meaningfully reduces solvency and interest-rate risk, preserving financial optionality. Over a multi-month horizon this improves resilience versus peers, allowing continued exploration activity without large fixed financing costs.
Sizable Equity BaseA meaningful equity buffer provides runway to fund exploration and operating needs in the near-to-medium term without immediate insolvency risk. This capital base supports ongoing project activity while management pursues value-accretive options.
Cash-backed LossesLosses being largely cash-based improves transparency and predictability of funding needs versus heavy non-cash write-offs. For planning and capital-allocation this means management faces real cash trade-offs, enabling clearer financing and operational decisions.