LYL can be compared directly to Primero but not to the rest of the NRW group. So the LYL performance is a benchmark against which we can all expect Primero’s earnings to aspire and is one of the huge attractions of having it within the stable. Unlike LYL who feeds soMe of its EPC work to Mondium and shares the profits 50:50 with Monas, Primero feeds work to NRW and it’s all kept in house. That’s assuming that we are as good at EPC delivery as LYL who have proven very adept in this arena historically. DYOR.
2022 General News etc, page-125
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