Thats not accurate Hey cupricity.... im not sure if you are intentionally trying to mislead.... or you are not familiar with capitial vs expense costs on financials.... im not sure what accumulated depreciation is..... a company is only allowed to expense a percentage of their capital costs each year ( this is capital money that has been spent)...it is a real cost..... cash flow does not account for depreciation, earnings do... if your fcf is below your depreciation you have real problems and are basically slowly going broke. ....depreciation is a yearly expense that has been pre paid. ..you cant just accrue depreciation.... you can do a write down on a failed/ failing asset....tko is under 2 because of crappy performance with a mine that they will show in 2 weeks that cant make money at 3.5 copper.... tko also do not have enough money to build flo and have taken on more debt without a plan to use the extra financing.... those are big issues. The market knows this. .. we are just waiting to hear the explanation as to where all the cash went.. .. and why gib loses 10 million lbs/ yr ( that alone is 0.35 to the sp)..