I think you will find that CS could recoup their money easily from silver produced but as yet not sold. Plus they have a charge over all the assets.
Banks are very cautious these days, so imo don't read too much into the fact that CS is prepared to lend money.
Having said that of course it's a positive that CS have lent money, and that there are talks about increasing the level of funding.
Still suspicious about no information on costs. What is there to lose by disclosing these? As many posters have pointed out it is expected these will be high during start up phase. Mgmt could always have pointed this out and given estimate for next quarter. Again, this is common practice with gold producers in ramp up mode.
How else can we make a decision whether the gross margin, and other costs, are reflected in the SP or not?
Difficult to make an investment call when a key piece of information is being withheld.
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