"In addition, to recognize unplanned events that often occur during a major construction project and to factor unpredictable and often severe weather that can occur in northern Alberta, management has added a $15 million contingency to the Algar budget, bringing the total cost for Algar, excluding capitalized items, to $375 million "

The EOY presentation -- slide 16 -- said "Budgeted cost of $345 million. $30 million contingency reserve." Is the $30M included in the $345M? It sounds as if it is to me, but it's not clear on the slide (usually they're just meant as visual aides anyway during a discussion).

I can e-mail you the presentation if you shoot me a private message.

-bbq