- Because it made a gross profit of $6m if you don't include depreciation.
- Because no miner ever has a mine that depreciates.
- Because you just mine its rock and when you come back to the same spot the next day the rock has magically re-grown.
- That's a plain fact.
- Sales $22.82m
- Gross profit $2.779m
- Operating LOSS $2.531m
- Net LOSS $4.383m
UPDATE: An anal yst friend writes in: