Ann: Primero awarded EPC contract for KCGM Growth Project, page-49

I like the position you take and it coincides with my own views on the matter. I also get frustrated when the market takes an overly negative outlook on the potential outcomes on won work and my search for additional information on the contract terms of the incentivised target price was indeed an attempt to quench any argument that might prevail when you consider some of the war stories our sector tells.
I have done a bit of research on the view that this project is complex and contains unusual equipment. I can find no basis for this statement and all I can find is reference to standard crushing, milling, leach tanks, flotation, filtering etc. which would be considered bog standard amongst Primero and their competitors. Of course, the project is complex compared to the rest of NRW’s core business, but that is an unfair comparison. The brownfield environment is complex and will add risk, but the expansion has been planned from the outset so constructabilty reviews would be well advanced. Overall I am confident the project represents more opportunity than risk and I hope the market will reflect the same view in time.