Lots of positives in this announcement:1. Shows Calibre is still...

Lots of positives in this announcement:


1. Shows Calibre is still a choice provider for Blue Chip majors operating at the lowest end of the cost curve.


2. Early stage work on one of the big new greenfield projects (Koodaideri)– both the Mine and Rail components. Sure, there has been speculation that actual project execution may be delayed, but no hint that it won't happen.

3. Seems another provider did the pre-feasibility work on the Koodaideri Mine Project, but it looks like Calibre came in over them to tidy that up (“verification work”) and scored the DES work. Says a lot about Calibre’s reputation and relationship with Rio.

4. The BHP Ore Car Repair Shop project is a complex infrastructure and rail deal. What’s more, I am not aware of any other new BHPB projects being announced in the current environment?? - again speaks to Calibre’s capability with the big end of the sector.