Here is a response from Robert Cogliandro to a recent e-mail
Dear Mr. Barbe: Sophia Shane indicated that you would like to receive some information about our latest cash flow projections. We are currently completing an updated model but, broadly, based on US$52 million of gross sales at full initial capacity (excluding potassium nitrate), we generate an EBITDA of approximately US$30 million. Obviously this increases with the introduction of nitrates in year 7, which is why we would also like to accelerate the nitrates production. Very briefly, we have been maintaining a very low profile in the market and this has been a deliberate decision despite the fact that there has been considerable activity at the project site. The reason for this is that it is our view that the only thing that the investment community wishes to hear from us right now is that we have completed our financing and will begin construction. In view of the current stock price, however, we will issue a public progress report next week. Having said this, we intend to make a decision between two different financing packages in the next month or so. As has been publicly announced, we accepted a term loan commitment from ABN AMRO/Dresdener for US$77 million but this commitment requires a significant equity injection or equivalent of up to US$30 million which at the current share price would result in significant dilution. Therefore we have been looking at a specific alternative before finally committing to the bank project finance. Should you have any further questions, please feel free to contact me at any time. Sincerely, Atacama Minerals Inc. Robert S. Cogliandro President
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