Because all CRs are generally bad? Really?
What is the difference between a 40% Jv for SDV and a CR of $54M (5.6% dilution) to maintain 100% ownership and develop SDV from Mt Cattlin cash flow?
Based on a 50kt LCE SDV plant and double the forecasted $273M cash flow (25kt LCE):
$218M per year more in GXY's pockets!!!!!