Hi oblong … clarification around the timing of that was one of the questions asked by[ Nicholas Rawlinson ] from Jeffreys.
From my notes … “construction starts second half ..will start in FY’25 and currently Primero is building the team / engineering team procurement”
… And I think it’s included in the contract …. Jules … no Richard ?? was very pleased with the nature of this contract, and again from my notes, he said it was an incentivised margin contract and when Nicholas pressed for broad hints on margin there I think he said whilst ot was confidential Nicholas could expect a base level of margin in high single digits “if we over-perform … can add up to 2%” …”the contract provides maximum incentives…”
cheers
Ann: NRW Full Year Results Presentation, page-24
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