Current debt or Liabilities has nothing to do with Net Earnings. Debt is a Liability and defers from the company's Equity ( Capital Position ) Net Earnings is Income above Expenses. Revenues do not need to balance the debt load they need to be able to service the debt load. Seeing as Caesars calculated copper at about 2.50 that leaves a sizable margin of Net Income to pay down debt if they choose to. Don't forget, copper is closer to 3.00 and if the Global Recession never happened there is no telling how high it would be today. If we truly start to emerge from the Recession Globally, copper can rise quickly. An important note is that while the world is recovering from Recession, we are starting to build up Production levels. The copper market could be very healthy once we exit the soft start phase. If we could just find a gold vein things would really be looking good. eye
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