Mining Through Uncertainty

Home Closings Las Vegas Area 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 '05 NEVADA Mining Association New Homes Existing Homes 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 '07 '09 '11 '13 '15 '17 '19 '05 '07 '09 '11 '13 '15 '17 '19 LTM LTM Source: Sales Traq MINING THROUGH UNCERTAINTY APPLIED 119 ANALYSIS

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