Now that GXY is in such a good space and set to earn as much as $250m by EOY 2018, it seems to me that the financing of SDV is a done deal and doesn't need a JV and the dilution that would entail. Since the expenses are incurred gradually over the next three years, GXY should be able to largely or wholly self-finance it, perhaps with a relatively small amount of debt. It would be a good question for the AGM next week. What do others think?
Outlook and news, page-76
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