Thanks, B.A good question. On balance I would say...

Thanks, B.
A good question. On balance I would say 'no'.
Why?
Although, in this scenario, the cash burn would be ameliorated, we must remember that cash would still need to be raised from time to time. There's still the open question regarding for how long? For me, it's likely to be for MUCH longer than last time (which was ~3½ years).
There's nothing management can do about the macro situation, so that will v.likely translate into being stuck in financial purgatory for years.
Now consider the current SOI & SP as somewhat of a starting point for future raisings.
I can't recall it receiving much, if any, air play on the POS threads, but it's worth considering & comparing the differences in SOI entering the previous Ni winter vs. this time around and what impact future raisings will have on future dilution to existing SHs and also future SP performance (the two are related). These comments are based on the assumption there are no discoveries in any minerals that investors give a F about. With the current plan to explore for more Ni(!) at Windarra, I think that assumption is warranted. (This begs the question of the merits and cost(!) of pivoting to a mineral that is currently more fashionable by a company that is currently headed by an accountant, rather than a geologist. I digress.)

So, it would still be a hard 'no' for me because there is more than shackle handicapping the company.