Prefeasibility study showed production costs for Copper of...

Prefeasibility study showed production costs for Copper of USD$1.44/lb. They are hoping to bring down the production costs in the revised study by focusing on Copper and forgetting about Zinc.

I imagine they would have to show a huge drop in costs as at $1.44/lb production costs is almost equal to the current price of Copper (slightly over $1.50/lb).

The company is also saying they will have to wait until credit markets improve before attempting to get finance how long that could be is anyone's guess. Assuming credit markets & metal prices do improve before too long how willing will banks be to lend on commodities as they will still have fresh in their minds the recent "Mother of all sell-offs" in commodities which, if it were to happen again, would spell the end of their investment. Adding to the gloom are the prices pundits are predicting of USD$1.00/lb for Copper before prices stabilise.

I cant see any optimism for CSE.