Point 4 suggests that it was a typo:
"Improvement by the end of 2008
1. Punitaqui reached the 3000tpd operating rate in Q2 2008 – grades at 1.2% Cu
2. At a head grade of 1.4% Cu and 80% recoveries, 25.14m lb annualised production is expected
3. At prices of US$3.50/lb this suggests US$47.25m additional revenue per annum
4. Unit operating costs will reduce rapidly with greater volumes, grades and recoveries"
Point 4 suggests that it was a typo:"Improvement by the end of...
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