The short version is lower interest cost will deliver higher earnings (and so higher EPS). Not sheep stations, but let's accept every gain thankfully.
The real kicker of no debt is that free cash flow will increase by the tune of current debt repayments. However, I suspect the lions share of that will be spent developing Toliara and significantly lessen debt burden re that project.
Have a great day!
Ann: Presentation - FY18 Results, page-9
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