One or two other things...I have used 'profit' and 'cash flow' in my previous post although they are not exactly the same thing. The importat thing to understand is that the cash flow figures AUN are projecting are the NET revenues from their operations, but not earnings, because they this exclude things such as acquistions, writedowns, etc.
Therefore, if we assume $20,000,0000/year cash flow, if they spend $10,000,000 one year to upgrade the La Negra plant to 2000tpd, their cash flow for that year is till $20,000,000 but their reported EARNINGS will be cut in half, excluding other things, because they are essentially making a $10,000,000 acquistion...
The 300 days per year thing was just a guess, and I could be wrong, but I think Ken said that they were only operating 12hrs/day. I need to confirm this, but if that's the case, going to a 24 hour production schedule, like most mines, would change things dramatically.
If they can sustantially increase reserves BEYOND the 2.4 million tonnes they are expecting, sufficient to preserve at least 5 years of mine life, then we might see some 24hour production, i.e., 4000tpd.
Regards,
B.