Ann: NRW Operational Update, page-17

I held these guys from 80c down to 4c as the mining boom crashed, then bought more on their way back up. Hence, I really like the strategy to balance mining work with infrastructure.... especially as this work is generally counter-cyclical to mining investment.

Therefore, although all the jobs in front of them are good/important ... I think the Forrestfield Airport Link is critical for their long term success. Not because of their revenue share .... but to prove their capabilities and establish the NWH brand in this market to support NWH bids on much larger upcoming East Coast metro and auto projects. From what I hear the tunneling has/is going very well (helped by better than expected geology) - so off to a good start!