Neither does many PM/PGM Billion+ cap explorers ...
$A2.4Bill cap DEG just raised $130mill through a placement +19mill SPP to fund a completion of DFS/FID more exploration etc ...
another $A2.4Bill cap CHN still working through their scoping studies continued exploration etc ..CHN main project=.Gonneville PGE-Ni-Cu-Co-Au deposit which contains the current Mineral Resource Estimate (Resource) of 350Mt @ 0.96g/t 3E, 0.16% Ni, 0.10% Cu, 0.015% Co
POD Resource..cap A$42mill
Ann: Quarterly Activities and Cash Flow Reports, page-7
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