SGZH - I'm just trying to be conservative with the $1.30. If their mine goes to full production as planned, if their brokerage business contributes just like in Q3, if pricing isn't affected by government regulations (inflation), if they get the government permissions or whatever that is they need for expansion of Xing An (not sure, would have to check filings), then they could ideally double their earnings from FY10 levels. Also... "We are also expanding our efforts to pursue other mining properties and short term production opportunities which could be revenue contributors for us in the 2011 fiscal year." - that might support additional upside. But then, Burp is right, it's good to be cautious with them, so I go with the $1.30 for now.