Debt-free Balance SheetA zero-debt balance sheet gives durable financial flexibility: it lowers refinancing and interest risks, preserves capacity to fund the Kingking project, and enables management to prioritize project milestones or opportunistic M&A without immediate debt service pressure.
Sizeable Equity And Asset BaseA sizeable and growing equity base provides a structural runway for a pre-revenue developer. The asset and equity cushion supports funding of feasibility work, improves credibility with lenders/partners, and reduces near-term dilution risk versus smaller-cap peers.
Project De‑risking And Advisor SupportProgressing Kingking to a Definitive Feasibility Study and hiring BMO/Macquarie materially de-risks the asset and builds financing capability. Institutional advisors improve capital markets access and structuring ability, increasing odds of securing larger, longer-term project funding.