for a start the market was not impressed with the Scoping study...

for a start the market was not impressed with the Scoping study numbers aka using much higher Palladium / Platinum / Nickel prices that present spot ..

the extended timeline of production 2029 with a LARGE CAPEX

then the ongoing negatively towards PGMs and recessions coming ..higher interest enviro etc

Personally I think in time a MAJOR mining will buy the "Gonnevillie" project with CHN having a history of selling ,IPO ,projects ..

CHN is Predicted to be lowest cost PGE producer in the western world – ~US$160-230/oz 3E cash costs (after Ni-Cu-Co by-product credits)

POD really needs CHN to be doing well as its the BIG brother ..IMHO

I'm hoping the PGM prices surge 2024 onwards for the predicted supply issues coming 25/26 ...