1. China downturn stops-growth resumes $3-3.50 cu 2. Dollar correction-gold 2000-silver -30-40 3. Troy resumes production-20 million net income 4. Rock creek approved. 5. Joint venture 51% -keep 49% rock creek 6. Rock creek production interest 3 millon ag per year at 1/2 cost of troy production 7. 100 million net income at 15 multiple-maybe 2020-2021