UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C. 20549

                              Form 10-KSB

(Mark One)
     [X]  Annual Report Pursuant to Section 13 or 15(d) of The
Securities Exchange Act of 1934

           For the Fiscal Year Ended December 31, 2001

          Transition Report Pursuant to Section 13 or 15(d) of The
Securities Exchange Act of 1934

                       Commission File Number   0-27197


                         SILVER KEY MINING CO., INC.
                        -----------------------------
                  (Name of Small Business Issuer in its charter)


          Nevada                                         82-0513245
   ---------------------                              ---------------
(State or other jurisdiction of                      (I.R.S. Employer
incorporation or organization)                      Identification No.)


            802 Pine St.
           ClarkFork, Idaho                                83811
  ----------------------------------------                --------
(Address of principal executive offices)                 (Zip code)


                                 (208) 266-1464
                                 ---------------
                             Issuer's telephone number


Securities registered pursuant to Section 12(b) of the Exchange
Act:   None

Securities registered pursuant to Section 12(g) of the Exchange
Act:   Common

     Check whether the issuer  (1) filed all reports required to be
filed by Section 13 or 15(d) of the Exchange Act during the past 12
months (or for such shorter period that the registrant was required
to file such reports), and  (2) has been subject to such filing
requirements for the past 90 days.   Yes [X]    No

     Check if there is no disclosure of delinquent filers in
response to Item 405 of Regulation S-B contained in this form, and
no disclosure will be contained, to the best of the Registrant's
knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB.   [ ]

     State the issuer's revenues for its most recent fiscal year.
 $ -0-

     State the aggregate market value of the voting stock held by
non-affiliates computed by reference  to the price at which the
stock was sold, or the average bid and ask prices of such stock as
of a specified date within 60 days.    $ 0

     State the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date.

              Class                      Outstanding as of December 31, 2000
   Common Stock, $.001 Par Value                    5,126,010

   Preferred Stock, $.001 Par Value                       -0-

               DOCUMENTS INCORPORATED BY REFERENCE
                               NONE
Transitional Small Business Disclosure Format.   Yes     No [X]




                         TABLE OF CONTENTS

                                                                         Page
                              PART I

Item 1.   Description of Business  . . . . . . . . . . . . . . .            3

Item 2.   Description of Property. . . . . . . . . . . . . . . .            8

Item 3.   Legal Proceedings. . . . . . . . . . . . . . . . . . .            8

Item 4.   Submission of Matter to a Vote of Security
          Holders. . . . . . . . . . . . . . . . . . . . . . . .            8

                             PART II

Item 5.   Market for Common Equity and Related
          Stockholder Matters. . . . . . . . . . . . . . . . . .            8

Item 6.   Management's Discussion and Analysis or
          Plan of Operation. . . . . . . . . . . . . . . . . . .           10

Item 7.   Financial Statements . . . . . . . . . . . . . . . . .           12

Item 8.   Changes in and Disagreements with Accountants
          on Accounting and Financial Disclosure . . . . . . . .           20

                             PART III

Item 9.   Directors, Executive Officers, Promoters and
          Control persons; Compliance with
          Section 16(a) of the Exchange Act. . . . . . . . . . .           21

Item 10.  Executive Compensation . . . . . . . . . . . . . . . .           22

Item 11.  Security Ownership of Certain Beneficial
          Owners and Management. . . . . . . . . . . . . . . . .           22

Item 12.  Certain Relationships and Related
          Transactions . . . . . . . . . . . . . . . . . . . . .           23

Item 13.  Exhibit Index and Reports on Form 8-K .  . . . . . . .           23

          SIGNATURES . . . . . . . . . . . . . . . . . . . . . .           24




                                  PART I

Item 1.    Description of Business

Business Development

    Silver Key Mining Co., Inc. (the "Company") was incorporated on June 25,
1971 under the laws of the State of Idaho, under the name Silver Key Mining
Company, Inc. for the purpose of taking ownership of the mineral rights in, on
and under about 63 acres of patented land in the Greater Coeur d'Alene Mining
Region, Idaho.  During 1976, a core hole was drilled with no significant
results.  Since 1976 the Company has engaged in limited operations.  On August
3, 1992, the Company issued 3,5000,000 shares of its common stock to Dale F.
Miller in consideration of all of his right, title and interest in six mining
claims known as the Antelope Mountain Silver Group.  On January 19, 1993 Mr.
Miller transferred his shares to Ms. Damara Bertges and Guenther Spachtolz who
intended to use the Company to engage in similar activities as currently
proposed herein.  On June 12, 1996, a Utah court entered judgment in favor of
Dale F. Miller in his suit against Bertges and Spachotolz for breach of
contract and on June 15, 1996, Bertges and Spacholtolz returned the 3,500,000
shares of common stock of the Company to Mr. Miller.

    Presently, the Company is actively seeking potential operating businesses
and business opportunities with the intent to acquire or merge with such
businesses.  The Company is considered a development stage company and its
principal purpose is to locate and consummate a merger or acquisition with an
operating business entity.

    Recently, the Company amended its Articles of Incorporation to permit the
Company to engage in any and all legal activities.  On September 17, 2001, the
Company changed its corporate domicile from the State of Idaho to the State of
Nevada.  Articles of merger were filed on September 17, 2001 between Silver
Key Mining Company, Inc., an Idaho corporation and Silver Key Mining Company,
Inc. a Nevada corporation.  The surviving entity, Silver Key Mining Company,
Inc. (a Nevada corporation) acquired all outstanding owner's interests of
Silver Key Mining Company, Inc. (an Idaho corporation).

    Any target acquisition or merger candidate of the Company will become
subject to the same reporting requirements as the Company upon consummation of
any merger or acquisition.  Thus, in the event the Company successfully
completes the acquisition of or merger with an operating business opportunity,
that business opportunity must provide audited financial statements for at
least the two most recent fiscal years or, in the event the business
opportunity has been in business for less than two years, audited financial
statements will be required from the period of inception.  This could limit
the Company's potential target business opportunities due to the fact that
many private business opportunities either do not have audited financial
statements or are unable to produce audited statements without undo time and
expense.

    The Board of Directors of the Company has elected to commence
implementation of the Company's principal business purpose, described herein.

Business of Issuer

    The Company has no recent material operating history and no representation
is made, nor is any intended, that the Company will be able to carry on future
business activities successfully. Further, there can be no assurance that the
Company will have the ability to acquire or merge with an operating business,
business opportunity or property that will be of material value to the Company.

    Management plans to investigate, research and, if justified, potentially
acquire or merge with one or more businesses or business opportunities.  The
Company currently has no commitment or arrangement, written or oral, to
participate in any business opportunity and management cannot predict the
nature of any potential business opportunity it may ultimately consider.
Management will have broad discretion in its search for and negotiations with
any potential business or business opportunity.

Sources of Business Opportunities

    Management of the Company intends to use various resources in the search
for potential business opportunities including, but not limited to, the
Company's officers and directors, consultants, special advisors, securities
broker-dealers, venture capitalists, members of the financial community and
others who may present management with unsolicited proposals.  Because of the
Company's lack of capital, it may not be able to retain on a fee basis
professional firms specializing in business acquisitions and reorganizations.
Rather, the Company will most likely have to rely on outside sources, not
otherwise associated with the Company, that will accept their compensation
only after the Company has finalized a successful acquisition or merger.  To
date, the Company has not engaged or entered into any discussion, agreement or
understanding with a particular consultant regarding the Company's search for
business opportunities.

    If the Company elects to engage an independent consultant, it will look
only to consultants that have experience in working with small companies in
search of an appropriate business opportunity.  Also, the consultant must have
experience in locating viable merger and/or acquisition candidates and have a
proven track record of finalizing such business consolidations.  Further, the
Company would like to engage a consultant that will provide services for only
nominal up-front consideration and is willing to be fully compensated only at
the close of a business consolidation.

    The Company does not intend to limit its search to any specific kind of
industry or business.  The Company may investigate and ultimately acquire a
venture that is in its preliminary or development stage, is already in
operation, or in various stages of its corporate existence and development.
Management cannot predict at this time the status or nature of any venture in
which the Company may participate.  A potential venture might need additional
capital or merely desire to have its shares publicly traded.  The most likely
scenario for a possible business arrangement would involve the acquisition of
or merger with an operating business that does not need additional capital,
but which merely desires to establish a public trading market for its shares.
Management believes that the Company could provide a potential public vehicle
for a private entity interested in becoming a publicly held corporation
without the time and expense typically associated with an initial public
offering.

Evaluation

    Once the Company has identified a particular entity as a potential
acquisition or merger candidate, management will seek to determine whether
acquisition or merger is warranted or whether further investigation is
necessary.  Such determination will generally be based on management's
knowledge and experience, or with the assistance of outside advisors and
consultants evaluating the preliminary information available to them.
Management may elect to engage outside independent consultants to perform
preliminary analysis of potential business opportunities.  However, because of
the Company's lack of capital it may not have the necessary funds for a
complete and exhaustive investigation of any particular opportunity.

    In evaluating such potential business opportunities, the Company will
consider, to the extent relevant to the specific opportunity, several factors
including potential benefits to the Company and its shareholders; working
capital, financial requirements and availability of additional financing;
history of operation, if any; nature of present and expected competition;
quality and experience of management; need for further research, development
or exploration; potential for growth and expansion; potential for profits; and
other factors deemed relevant to the specific opportunity.

    Because the Company has not located or identified any specific business
opportunity as of the date hereof, there are certain unidentified risks that
cannot be adequately expressed prior to the identification of a specific
business opportunity.  There can be no assurance following consummation of any
acquisition or merger that the business venture will develop into a going
concern or, if the business is already operating, that it will continue to
operate successfully.  Many of the potential business opportunities available
to the Company may involve new and untested products, processes or market
strategies which may not ultimately prove successful.

Form of Potential Acquisition or Merger

    Presently, the Company cannot predict the manner in which it might
participate in a prospective business opportunity.  Each separate potential
opportunity will be reviewed and, upon the basis of that review, a suitable
legal structure or method of participation will be chosen.  The particular
manner in which the Company participates in a specific business opportunity
will depend upon the nature of that opportunity, the respective needs and
desires of the Company and management of the opportunity, and the relative
negotiating strength of the parties involved.  Actual participation in a
business venture may take the form of an asset purchase, lease, joint venture,
license, partnership, stock purchase, reorganization, merger or consolidation.
The Company may act directly or indirectly through an interest in a
partnership, corporation, or other form of organization, however, the Company
does not intend to participate in opportunities through the purchase of
minority stock positions.

    Because of the Company's current situation, having no assets and no recent
operating history, in the event the Company does successfully acquire or merge
with an operating business opportunity, it is likely that the Company's
present shareholders will experience substantial dilution and there will be a
probable change in control of the Company.  Most likely, the owners of the
business opportunity which the Company acquires or mergers with will acquire
control of the Company following such transaction.  Management has not
established any guidelines as to the amount of control it will offer to
prospective business opportunities, rather management will attempt to
negotiate the best possible agreement for the benefit of the Company's
shareholders.

    Management does not presently intend to borrow funds to compensate any
persons, consultants, promoters or affiliates in relation to the consummation
of a potential merger or acquisition.  However, if the Company engages outside
advisors or consultants in its search for business opportunities, it may be
necessary for the Company to attempt to raise additional funds.  As of the
date hereof, the Company has not made any arrangements or definitive
agreements to use outside advisors or consultants or to raise any capital.  In
the event the Company does need to raise capital, most likely the only method
available to the Company would be the private sale of its securities.  These
possible private sales would most likely have to be to persons known by the
directors of the Company or to venture capitalists that would be willing to
accept the risks associated with investing in a company with no current
operation.  Because of the nature of the Company as a development stage
company, it is unlikely that it could make a public sale of securities or be
able to borrow any significant sum from either a commercial or private lender.
Management will attempt to acquire funds on the best available terms for the
Company.  However, there can be no assurance that the Company will be able to
obtain additional funding when and if needed, or that such funding, if
available, can be obtained on terms reasonable or acceptable to the Company.
Although not presently anticipated, there is a remote possibility that the
Company could sell securities to its management or affiliates.

    In the case of a future acquisition or merger, there exists a possibility
that a condition of such transaction might include the sale of shares
presently held by officers and/or directors of the Company to parties
affiliated with or designated by the potential business opportunity.
Presently, management has no plans to seek or actively negotiate such terms.
However, if this situation does arise, management is obligated to follow the
Company's Articles of Incorporation and all applicable corporate laws in
negotiating such an arrangement.  Under this scenario of a possible sale by
officers and directors, it is unlikely that similar terms and conditions would
be offered to all other shareholders of the Company or that the shareholders
would be given the opportunity to approve such a transaction.

    In the event of a successful acquisition or merger, a finder's fee, in the
form of cash or securities, may be paid to persons instrumental in
facilitating the transaction.  The Company has not established any criteria or
limits for the determination of a finder's fee, although it is likely that an
appropriate fee will be based upon negotiations by the Company and the
appropriate business opportunity and the finder.  Management cannot at this
time make an estimate as to the type or amount of a potential finder's fee
that might be paid.  It is unlikely that a finder's fee will be paid to an
affiliate of the Company because of the potential conflict of interest that
might result.  If such a fee was paid to an affiliate, it would have to be in
such a manner so as not to compromise an affiliate's possible fiduciary duty
to the Company or to violate the doctrine of corporate opportunity.  Further,
in the unlikely event a finder's fee was to be paid to an affiliate, the
Company would have such an arrangement ratified by the shareholders in an
appropriate manner.

    Presently, it is highly unlikely that the Company will acquire or merge
with a business opportunity in which the Company's management, affiliates or
promoters have an ownership interest.  Any possible related party transaction
of this type would have to be ratified by a disinterested Board of Directors
and by the shareholders.  Management does not anticipate that the Company will
acquire or merge with any related entity.  Further, as of the date hereof,
none of the Company's officers, directors, or affiliates or associates have
had any preliminary contact or discussions with any specific business
opportunity, nor are there any present plans, proposals, arrangements or
understandings regarding the possibility of an acquisition or merger with any
specific business opportunity.

Rights of Shareholders

    It is presently anticipated by management that prior to consummating a
possible acquisition, merger, or other business combination the Company, if
required by relevant state laws and regulations, will seek to have the
transaction ratified by shareholders in the appropriate manner.  However, the
Board of Directors will have the discretion to consummate a business
combination without shareholder approval if permissible under the laws of the
State of Nevada and the laws of the state in which the other entity resides.
Regardless of whether an action is ratified by the Board or by the
shareholders, the Board will provide to its shareholders complete disclosure
documentation concerning a potential target business opportunity including the
appropriate audited financial statements of the target.  This information will
be disseminated by proxy statement in the event a shareholders' meeting is
held, or by subsequent report to the shareholders if the action is taken by
the Board.

Competition

    Because the Company has not identified any potential acquisition or merger
candidate, it is unable to evaluate the type and extent of its likely
competition.  The Company is aware that there are several other public
companies with only nominal assets that are also searching for operating
businesses and other business opportunities as potential acquisition or merger
candidates.  The Company will be in direct competition with these other public
companies in its search for business opportunities and, due to the Company's
lack of funds, it may be difficult to successfully compete with these other
companies.

Employees

    As of the date hereof, the Company does not have any employees and has no
plans for retaining employees until such time as the Company's business
warrants the expense, or until the Company successfully acquires or merges
with an operating business.  The Company may find it necessary to periodically
hire part-time clerical help on an as-needed basis.

Facilities

    The Company is currently using as its principal place of business the
personal residence of its Secretary located in Sandpoint, Idaho.  Although the
Company has no written agreement  and  pays no rent for the use of this
facility, it is contemplated that at such future time as the Company acquires
or merges with an operating business, the Company will secure commercial
office space from which it will conduct its business.  The Company has no
current plans to secure such commercial office space.

Industry Segments

    No information is presented regarding industry segments.  The Company is
presently a development stage company seeking a potential acquisition of or
merger with a yet to be identified business opportunity.  Reference is made to
the statements of income included herein in response to Item 7 of this Form
10-KSB for a report of the Company's operating history for the past two fiscal
years.

Item 2.  Description of Property

    The Company is currently using as its principal place of business the
personal residence of a shareholder located in Sandpoint, Idaho.  Although the
Company has no written agreement  and  pays no rent for the use of this
facility, it is contemplated that at such future time as the Company acquires
or merges with an operating business, the Company will secure commercial
office space from which it will conduct its business.  However, until such
time as the Company completes an acquisition or merger, the type of business
in which the Company will be engaged and the type of office and other
facilities that will be required is unknown.  The Company has no current plans
to secure such commercial office space.

Item 3.  Legal Proceedings

    The Company is not a party to any material pending legal proceedings and
no such action by, or to the best of its knowledge, against the Company has
been threatened.

Item 4.  Submission of Matters to a Vote of Security Holders

    On September 10, 2001 a special meeting of the shareholders was held.
At the meeting the shareholders voted to:

     Elect Dale F. Miller, Jeanne B. Miller and Roger D. Miller to the Board
     of Directors.  The proposal passed with 4,749,146 shares voting for, -0-
     shares voting against and -0- shares abstaining.

     Approve the proposal to change the Company's State of incorporation from
     the State of Idaho to the State of Nevada. The proposal passed with
     4,749,146 shares voting for, -0- shares voting against and -0- shares
     abstaining.

     Appoint HJ & Associates, LLC as independent auditors for the fiscal year
     ending December 31, 2001. The proposal passed with 4,749,146 shares
     voting for, -0- shares voting against and -0- shares abstaining.


                             PART II

Item 5.  Market for Common Equity and Related Stockholder Matters

    The Company is not aware of any established trading market for its common
stock and does not expect its shares to be traded actively in the public
market until such time as a merger or acquisition can be consummated.  Also,
secondary trading of the Company's shares may be subject to certain state
imposed restrictions.  Except for the application to the OTC Bulletin Board,
there are no plans, proposals, arrangements or understandings with any person
concerning the development of a trading market in any of the Company's
securities.  Because no current trading market has been established for the
Company's securities, no trading history is presented herein.

    As of December 31, 2001 the Company had issued and outstanding 5,126,010
shares of Common Stock and there were 54 shareholders of record

    The ability of an individual shareholder to trade their shares in a
particular state may be subject to various rules and regulations of that
state.  A number of states require that an issuer's securities be registered
in their state or appropriately exempted from registration before the
securities are permitted to trade in that state.  Presently, the Company has
no plans to register its securities in any particular state.  Further, most
likely the Company's  shares will be subject to the provisions of Section
15(g) and Rule 15g-9 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), commonly referred to as the "penny stock" rule.  Section
15(g) sets forth certain requirements for transactions in penny stocks and
Rule 15g-9(d)(1) incorporates the definition of penny stock as that used in
Rule 3a51-1 of the Exchange Act.

    The Commission generally defines penny stock to be any equity security
that has a market price less than $5.00 per share, subject to certain
exceptions.  Rule 3a51-1 provides that any equity security is considered to be
a penny stock unless that security is:  registered and traded on a national
securities exchange meeting specified criteria set by the Commission;
authorized for quotation on The NASDAQ Stock Market; issued by a registered
investment company; excluded from the definition on the basis of price (at
least $5.00 per share) or the issuer's net tangible assets; or exempted from
the definition by the Commission.  If the Company's shares are deemed to be a
penny stock, trading in the shares will be subject to additional sales
practice requirements on broker-dealers who sell penny stocks to persons other
than established customers and accredited investors, generally persons with
assets in excess of $1,000,000 or annual income exceeding $200,000, or
$300,000 together with their spouse.

    For transactions covered by these rules, broker-dealers must make a
special suitability determination for the purchase of such securities and must
have received the purchaser's written consent to the transaction prior to the
purchase.  Additionally, for any transaction involving a penny stock, unless
exempt, the rules require the delivery, prior to the first transaction, of a
risk disclosure document relating to the penny stock market.  A broker-dealer
also must disclose the commissions payable to both the broker-dealer and the
registered representative, and current quotations for the securities.
Finally, monthly statements must be sent disclosing recent price information
for the penny stocks held in the account and information on the limited market
in penny stocks.  Consequently, these rules may restrict the ability of
broker-dealers to trade and/or maintain a market in the Company's Common Stock
and may affect the ability of shareholders to sell their shares.

Recent Sales of Unregistered Securities

    None.

Common equity subject to outstanding options or warrants to purchase, or
securities convertible into, common equity of the registrant.

    None.

Dividend Policy

    The Company has not declared or paid cash dividends or made distributions
in the past, and the Company does not anticipate that it will pay cash
dividends or make distributions in the foreseeable future. The Company
currently intends to retain and reinvest future earnings to finance its
operations.

Item 6.  Management's Discussion and Analysis or Plan of Operation

    The following information should be read in conjunction with the
consolidated financial statements and notes thereto appearing elsewhere in
this Form 10-KSB.

    The Company is considered a development stage company and presently has no
assets or capital and no significant operations or income.  The costs and
expenses associated with the preparation and filing of the Company's
registration statement in 1999 and subsequent quarterly and annual filings
were paid for by a shareholder of the Company.  It is anticipated that the
Company will require only nominal capital to maintain the corporate viability
of the Company and necessary funds will most likely be provided by the
Company's officers and directors in the immediate future.  However, unless the
Company is able to facilitate an acquisition of or merger with an operating
business or is able to obtain significant outside financing, there is
substantial doubt about its ability to continue as a going concern.

    In the opinion of management, inflation has not and will not have a
material effect on the operations of the Company until such time as the
Company successfully completes an acquisition or merger.  At that time,
management will evaluate the possible effects of inflation on the Company
related to it business and operations following a successful acquisition or
merger.

Plan of Operation

    During the next 12 months, the Company will actively seek out and
investigate possible business opportunities with the intent to acquire or
merge with one or more business ventures.  In its search for business
opportunities, management will follow the procedures outlined in Item 1 above.
Because the Company lacks funds, it may be necessary for the officers and
directors to either advance funds to the Company or to accrue expenses until
such time as a successful business consolidation can be made.  Management
intends to hold expenses to a minimum and to obtain services on a contingency
basis when possible.  Further, the Company's directors will defer any
compensation until such time as an acquisition or merger can be accomplished
and will strive to have the business opportunity provide their remuneration.
However, if the Company engages outside advisors or consultants in its search
for business opportunities, it may be necessary for the Company to attempt to
raise additional funds.  As of the date hereof, the Company has not made any
arrangements or definitive agreements to use outside advisors or consultants
or to raise any capital.  In the event the Company does need to raise capital,
most likely the only method available to the Company would be the private sale
of its securities.  Because of the nature of the Company as a development
stage company, it is unlikely that it could make a public sale of securities
or be able to borrow any significant sum from either a commercial or private
lender.  There can be no assurance that the Company will be able to obtain
additional funding when and if needed, or that such funding, if available, can
be obtained on terms acceptable to the Company.

    The Company does not intend to use any employees, with the possible
exception of part-time clerical assistance on an as-needed basis.  Outside
advisors or consultants will be used only if they can be obtained for minimal
cost or on a deferred payment basis.  Management is confident that it will be
able to operate in this manner and to continue its search for business
opportunities during the next twelve months.

Forward Looking and Cautionary Statements

    Forward-looking statements in this report are made pursuant to the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995.
The Company wishes to advise readers that actual results may differ
substantially from such forward-looking statements.  Forward-looking
statements involve risks and uncertainties that could cause actual results to
differ materially from those expressed in or implied by the statements,
including, but not limited to, the following:  the ability of the Company to
search for appropriate business opportunities and subsequently acquire or
merge with such entity, to meet its cash and working capital needs, the
ability of the Company to maintain its existence as a viable entity, and other
risks detailed in the Company's periodic report filings with the Securities
and Exchange Commission.

Recent Accounting Pronouncements

    In June 1998, the Financial Accounting Standards Board, or FASB, issued
Statement of Financial Accounting Standards (SFAS) 133, Accounting for
Derivative Instruments and Hedging Activities.  The new standard establishes
accounting and reporting standards for derivative instruments, including
certain derivative instruments embedded in other contracts, and for hedging
activities.  It requires companies to record derivatives on the balance sheet
as assets or liabilities, measured at fair value. Accounting for changes in
the values of those derivatives depends on the intended use of the derivatives
and whether they qualify for hedge accounting.  SFAS 133, as amended by SFAS
137 and SFAS 138, was adopted as of April 1, 2001.  Management believes the
adoption of this statement will have no material impact on the Company's
financial statements.

    In June 2001, the FASB issued SFAS 141, Business Combinations, and SFAS
142, Goodwill and Other Intangible Assets. SFAS 141 requires that the purchase
method of accounting be used for all business combinations initiated after
June 30, 2001 as well as all purchase method business combinations completed
after June 30, 2001.  SFAS 141 also specifies criteria intangible assets
acquired in a purchase method business combination must meet to be recognized
and reported apart from goodwill, noting that any purchase price allocatable
to an assembled workforce may not be accounted for separately.  SFAS 142
requires that goodwill and intangible assets with indefinite useful lives no
longer be amortized, but instead tested for impairment at least annually in
accordance with the provisions of SFAS 142. SFAS 142 also requires that
intangible assets with estimatable useful lives be amortized over their
respective estimated useful lives to their estimated residual values, and
reviewed for impairment in accordance with SFAS No. 121, Accounting for the
Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed Of.
The adoption of SFAS 141 and 142 has not affected the Company's financial
statements.

    On August 16, 2001, the FASB issued SFAS No. 143, Accounting for Asset
Retirement Obligations, which is effective for fiscal years beginning after
June 15, 2002. It requires that obligations associated with the retirement of
a tangible long-lived asset be recorded as a liability when those obligations
are incurred, with the amount of the liability initially measured at fair
value.  Upon initially recognizing an accrued retirement obligation, an entity
must capitalize the cost by recognizing an increase in the carrying amount of
the related long-lived asset. Over time, the liability is accreted to its
present value each period, and the capitalized cost is depreciated over the
useful life of the related asset. Upon settlement of the liability, an entity
either settles the obligation for its recorded amount or incurs a gain or loss
upon settlement. Although management has not completed the process of
determining the effect of this new accounting pronouncement, it currently
expects that the effect of SFAS No. 143 on the financial statements, when it
becomes effective, will not be significant.

    In October 2001, the FASB issued SFAS 144, Accounting for the Impairment
or Disposal of Long-Lived Assets, which addresses financial accounting and
reporting for the impairment or disposal of long-lived assets. Although SFAS
144 supersedes SFAS 121, it retains many of the fundamental provisions of SFAS
121.  SFAS 144 also supersedes the accounting and reporting provisions of
Accounting Principles Board Opinion No. 30, Reporting-the Results of
Operations-Reporting the Effects of Disposal of a Segment of a Business, and
Extraordinary, Unusual and Infrequently Occurring Events and Transactions, for
the disposal of a segment of a business. However, it retains the requirement
in APB 30 to report separately discontinued operations and extends that
reporting to a component of an entity that either has been disposed of, by
sale, abandonment, or in a distribution to owners, or is classified as held
for sale.  SFAS 144 is effective for fiscal years beginning after December 15,
2001 and interim periods within those fiscal years.  Management believes the
adoption of SFAS 144 will not have a significant effect the Company's
financial statements.

Item 7.  Financial Statements

    The Company's financial statements as of and for the fiscal years ended
December 31, 2001 and 2000 have all been examined to the extent indicated in
their report by H J & Associates, LLC, independent certified accountants,
and have been prepared in accordance with generally accepted accounting
principles and pursuant to Regulation S-B as promulgated by the Securities and
Exchange Commission.  The aforementioned financial statements are included
herein in response to Item 7 of this Form 10-KSB.


                       SILVER KEY MINING COMPANY, INC.
                        (A Development Stage Company)

                            FINANCIAL STATEMENTS

                              December 31, 2001



                                C O N T E N T S


Independent Auditors' Report                                         3

Balance Sheet                                                        4

Statements of Operations                                             5

Statements of Stockholders' Equity (Deficit)                         6

Statements of Cash Flows                                             8

Notes to the Financial Statements                                   10




                        INDEPENDENT AUDITORS' REPORT



The Board of Directors
Silver Key Mining Company, Inc.
Clark Fork, Idaho

We have audited the accompanying balance sheet of Silver Key Mining Company,
Inc., (a development stage company) as of December 31, 2000 and the related
statements of operations, stockholders' equity (deficit) and cash flows for
the years ended December 31, 2001 and 2000 and from inception on June 25, 1971
through December 31, 2001.  These financial statements are the responsibility
of the Company's management.  Our responsibility is to express an opinion on
these financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally
accepted in the United States of America.  Those standards require that we
plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement.  An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements.  An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation.  We believe that our
audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Silver Key Mining Company,
Inc. (a development stage company) as of December 31, 2001, and the results of
its operations and its cash flows for the years ended December 31, 2001 and
2000 and from inception on June 25, 1971 through December 31, 2001 in
conformity with accounting principles generally accepted in the United States
of America.

The accompanying financial statements have been prepared assuming the Company
will continue as a going concern.  As discussed in Note 3 to the financial
statements, the Company has not established revenues sufficient to cover its
operating costs which raises substantial doubt about its ability to continue
as a going concern.  Management's plans in regard to these matters are also
described in Note 3.  The financial statements do not include any adjustments
that might result from the outcome of this uncertainty.



HJ & Associates, LLC
Salt Lake City, Utah
February 28, 2002


<table>
                         SILVER KEY MINING COMPANY, INC.
                         (A Development Stage Company)
                                Balance Sheet


                                   ASSETS

                                                          <c>
                                                              December 31,
                                                                  2000
                                                              -----------

CURRENT ASSETS

  Cash                                                        $       -
                                                              -----------
    Total Current Assets                                              -
                                                              -----------
    TOTAL ASSETS                                              $       -
                                                              ===========

                   LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

LIABILITIES

  Accounts payable                                            $     4,497
                                                              -----------
    Total Current Liabilities                                       4,497
                                                              -----------
STOCKHOLDERS' EQUITY (DEFICIT)

  Preferred stock; $0.001 par value; authorized 5,000,000 shares,
    no shares issued or outstanding                                   -
  Common stock; $0.001 par value; authorized 100,000,000
    shares; 5,126,010 issued and outstanding                        5,126
  Additional paid-in capital                                       90,195
  Deficit accumulated during the development stage                (99,818)
                                                              -----------
    Total Stockholders' Equity (Deficit)                           (4,497)
                                                              -----------
    TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)      $       -
                                                              ===========


</table>

  The accompanying notes are an integral part of these financial statements.



                         SILVER KEY MINING COMPANY, INC.
                         (A Development Stage Company)
                           Statements of Operations
<table>


                                                                    From
                                                                inception on
                                                                  June 25,
                                       For the Years Ended      1971 Through
                                          December 31,          December 31,
                                        2001          2000          2001
                                    ------------  ------------  ------------

                                <c>           <c>           <c>
REVENUES                            $       -     $       -     $       -

EXPENSES                                 10,303         3,801        99,818
                                    ------------  ------------  ------------
NET LOSS                            $   (10,303)  $    (3,801)  $   (99,818)
                                    ============  ============  ============
BASIC NET LOSS PER SHARE            $     (0.00)  $     (0.00)
                                    ============  ============

WEIGHTED AVERAGE NUMBER OF SHARES
 OUTSTANDING                           5,126,010     5,126,010
                                    ============  ============


</table>

The accompanying notes are an integral part of these financial statements.




                          SILVER KEY MINING COMPANY, INC.
                           (A Development Stage Company)
                     Statements of Stockholders' Equity (Deficit)
              From Inception on June 25, 1971 through December 31, 2001

<table>
                                                                              Deficit
                                                                            Accumulated
                                                              Additional     During the
                                            Common Stock        Paid-in     Development
                                         Shares     Amount      Capital        Stage
                                      ----------   ---------   ---------    ----------

                                   <c>          <c>          <c>           <c>
Balance at inception on June 25, 1971        -      $   -        $    -        $    -

1972 - shares issued for mining rights
  at $0.05 per share                   1,000,000      1,000        49,000           -

1976 - shares issued for cash at
  $0.05 per share                         25,000         25         1,225           -

1976 - shares issued for drilling
  services at  $0.05 per share           125,000        125         6,125           -

1977 - shares issued for drilling
  services at $0.05 per share            130,860        131         6,412           -

1977 - shares issued for cash at
  $0.05 per share                         29,240         29         1,433           -

1981 - shares issued for geological
  services at $0.05 per share             18,460         18           905           -

1983 - shares issued for geological,
  legal and administrative services
   at $0.05 per share                    257,800        258        12,632           -

1992 - shares issued for mining rights
  at predecessor cost                  3,500,000      3,500        (3,500)          -

Contributed capital for expenses             -          -             287           -

Net loss from inception on June 25,
  1971 through December 31, 1995             -          -             -         (81,558)
                                       ----------   ---------     ---------    ----------
Balance, December 31, 1995             5,086,360      5,086        74,519       (81,558)

Net loss for the year ended
  December 31, 1996                          -          -             -             -
                                       ----------   ---------     ---------    ----------
Balance, December 31, 1996             5,086,360   $  5,086     $  74,519    $  (81,558)
                                       ----------   ---------     ---------    ----------


</table>

  The accompanying notes are an integral part of these financial statements



                          SILVER KEY MINING COMPANY, INC.
                           (A Development Stage Company)
                Statements of Stockholders' Equity (Deficit) (Continued)
               From Inception on June 25, 1971 through December 31, 2001

<table>
                                                                               Deficit
                                                                             Accumulated
                                                               Additional     During the
                                            Common Stock        Paid-in      Development
                                         Shares     Amount      Capital         Stage
                                       ----------   ---------   ---------    ----------

                                    <c>         <c>          <c>          <c>
Balance, December 31, 1996              5,086,360   $ 5,086      $ 74,519     $ (81,558)

Net loss for the year ended
  December 31, 1997                           -         -             -             (30)
                                        ----------  ---------    ---------    ----------
Balance, December 31, 1997              5,086,360     5,086        74,519       (81,588)

Common stock issued for services
 and debt at $0.05 per share               39,650        40         1,942           -

Net loss for the year ended
 December 31, 1998                            -         -             -            (999)
                                        ----------   ---------   ----------    ----------
Balance, December 31, 1998              5,126,010      5,126       76,461       (82,587)

Capital contributed for expenses
 paid by shareholder                          -          -          2,627           -

Net loss for the year ended
 December 31, 1999                            -          -            -          (3,127)
                                        ----------   ---------    ----------   ----------
Balance, December 31, 1999              5,126,010      5,126       79,088       (85,714)

Capital contributed for expenses
 paid by shareholder                          -          -          3,301           -

Net loss for the year ended
 December 31, 2000                            -          -            -          (3,801)
                                        ----------   ---------    ---------    ----------
Balance, December 31, 2000              5,126,010   $  5,126     $ 82,389     $ (89,515)
                                        ----------   ---------    ---------    ----------
Capital contributed for expenses
  paid by shareholder                         -          -          7,807           -

Net loss for the year ended
  December 31, 2001                           -          -            -         (10,303)
                                        ----------   ---------    ---------    ----------
Balance, December 31, 2001              5,126,010   $  5,126     $ 90,195     $(99,818)
                                        ==========   =========    =========    =========


</table>

The accompanying notes are an integral part of these financial statements


                          SILVER KEY MINING COMPANY, INC.
                           (A Development Stage Company)
                             Statements of Cash Flows
<table>

                                                                          From
                                                                      Inception on
                                                     For the            June 25,
                                                   Years Ended         1971 Through
                                                   December 31,         December 31,
                                                 2001        2000          2001
                                               --------    --------      --------

                                         <c>          <c>            <c>

CASH FLOWS FROM OPERATING ACTIVITIES:

  Net (loss)                                 $ (10,303)   $ (3,801)      $ (99,818)
  Adjustments to reconcile net loss to net
   cash used by operating activities:
    Disposal of assets for services                -           -            71,818
    Stock issued for services                      -           -             9,482
  Adjustments to operating liabilities:
    Increase (decrease) in accounts payable      2,497         500           4,497
                                               --------    --------        --------
Net Cash Used by Operating Activities
                                                (7,806)     (3,301)        (14,021)
                                               --------    --------        --------
CASH FLOWS FROM INVESTING ACTIVITIES:

  Cash used for drilling costs                     -           -            (2,712)
                                               --------     --------       --------
    Net Cash (Used) by Investing Activities        -           -            (2,712)
                                               --------     --------       --------
CASH FLOWS FROM FINANCING ACTIVITIES:

  Issuance of common stock for cash                -           -             2,712
   Contributed capital                           7,806       3,301          14,021
                                               --------     --------       --------

    Net Cash Provided by Financing Activities    7,806       3,301          16,733
                                               --------     --------       --------

INCREASE (DECREASE) IN CASH
 AND CASH EQUIVALENTS                              -           -               -

CASH AND CASH EQUIVALENTS
 AT BEGINNING OF PERIOD                            -           -               -
                                               --------     --------       --------

CASH AND CASH EQUIVALENTS
 AT END OF PERIOD                              $   -        $  -           $   -
                                               ========     ========       ========

Cash Paid For:

  Interest                                     $   -        $   -          $    -
  Taxes                                        $   -        $   -          $    -
NON CASH FINANCING ACTIVITIES

Common stock issued for mining
  rights at predecessor cost                   $   -        $   -          $    -

Common stock issued for services               $   -        $   -          $  9,482


</table>

The accompanying notes are an integral part of these financial statements




                          SILVER KEY MINING COMPANY, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                           December 31, 2001 and 2000


NOTE 1 -  ORGANIZATION AND DESCRIPTION OF BUSINESS

          Silver Key Mining Company, Inc. (the Company) was incorporated in
          the State of Idaho on June 25, 1971.  The Company was incorporated
          for the purpose of taking ownership of the mineral rights in, on and
          under about 63 acres of patented land in the Greater Coeur d'Alene
          Mining Region, Idaho.  During 1976, a core hole was drilled with no
          significant results, and limited operations have ensued since then.
          In 1992, the property was returned to the incorporators for services
          rendered and new mining claims were acquired in Bonner County,
          Idaho.  The Company has not yet begun any significant operations and
          is considered a development stage company. On October 11, 2001, the
          Company was redomiciled from Idaho to Nevada.

NOTE 2 -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

          a.  Accounting Method

         The Company's financial statements are prepared using the accrual
         method of accounting.  The Company has adopted a calendar year end.

         b.  Basic Loss Per Share

         The computation of basic loss per share of common stock is based on
         the weighted average number of shares outstanding during the period
         of the financial statements.

                                             For the Year Ended
                                              December 31, 2001
                                 ----------------------------------------------
                                    Loss             Shares          Per Share
                                 (Numerator)      (Denominator)        Amount
                                 -----------       -----------      -----------
                                 $  (10,303)         5,126,010        $  (0.00)
                                 ===========       ===========      ===========

                                             For the Year Ended
                                              December 31, 2000
                                 ----------------------------------------------
                                    Loss             Shares          Per Share
                                 (Numerator)      (Denominator)        Amount
                                 -----------       -----------      -----------
                                 $   (3,801)         5,126,010        $  (0.00)
                                 ===========       ===========      ===========


          c.  Provision for Taxes

         At December 31, 2001, the Company had net operating loss
         carryforwards of approximately $18,300 that may be offset against
         future taxable income through 2021.  No tax benefit has been reported
         in the financial statements because the potential tax benefits of the
         net operating loss carryforwards are offset by a valuation allowance
         of the same amount.

         The income tax benefit differs from the amount computed at federal
         statutory rates of approximately 38% as follows:



                          SILVER KEY MINING COMPANY, INC.
                           (A Development Stage Company)
                         Notes to the Financial Statements
                           December 31, 2001 and 2000


NOTE 2 -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

         c.  Provision for Taxes (Continued)
                                                       For the Year Ended
                                                          December 31,
                                                     ----------------------
                                                        2001       2000
                                                     ---------- -----------
Income tax benefit at statutory rate                 $  3,915   $  1,445
Change in valuation allowance                          (3,915)    (1,445)
                                                     ---------- -----------
                                                     $      -   $      -


         Deferred tax assets (liabilities) are comprised of the following:

                                                       For the Year Ended
                                                          December 31,
                                                     ----------------------
                                                        2001       2000
                                                     ---------- -----------

         Income tax benefit at statutory rate        $  6,955   $  3,040
         Change in valuation allowance                 (6,955)    (3,040)
                                                     ---------- -----------
                                                     $      -   $      -
                                                     ========== ===========

         Due to the change in ownership provisions of the Tax Reform Act of
         1986, net operating loss carryforwards for Federal income tax
         reporting purposes are subject to annual limitations.  Should a
         change in ownership occur, net operating loss carryforwards may be
         limited as to use in future years.

         d.  Use of Estimates

         The preparation of financial statements in conformity with generally
         accepted accounting principles requires management to make estimates
         and assumptions that affect the reported amounts of assets and
         liabilities at the date of the financial statements and the reported
         amounts of revenues and expenses during the reporting period.  Actual
         results could differ from those estimates.

  g.  Newly Issued Accounting Pronouncements

         SFAS No.'s 141 and 142 -- In June 2001, the Financial Accounting
         Standards Board (FASB) adopted Statement of Financial Accounting
         Standards SFAS No. 141 is effective as to any business combination
         occurring after June 30, 2001 and certain transition provisions that
         affect accounting for business combinations prior to June 30, 2001
         are effective as of the date that SFAS No.142 is applied in its
         entirety, which was September 30, 2001.



                          SILVER KEY MINING COMPANY, INC.
                           (A Development Stage Company)
                         Notes to the Financial Statements
                             December 31, 2001 and 2000


NOTE 2 -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

  g.  Newly Issued Accounting Pronouncements (Continued)

         SFAS No. 141 provides standards for accounting for business
         combinations.  Among other things, it requires that only the purchase
         method of accounting be used and that certain intangible assets
         acquired in a business combination (i.e. those that result from
         contractual or other legal rights or are separable) be recorded as an
         asset apart from goodwill.  The transition provisions require that an
         assessment be made of previous business combinations and, if
         appropriate, reclassifications be made to or from goodwill to adjust
         the recording of intangible assets such that the criteria for
         recording intangible assets apart from goodwill is applied to the
         previous business combinations The adoption of this principle had no
         material effect on the company's financial statements.

         SFAS No. 142 provides, among other things, that goodwill and
         intangible assets with indeterminate lives shall not be amortized.
         Goodwill shall be assigned to a reporting unit and annually assessed
         for impairment.  Intangible assets with determinate lives shall be
         amortized over their estimated useful lives, with the useful lives
         reassessed continuously, and shall be assessed for impairment under
         the provisions of SFAS No. 121, "Accounting for the Impairment of
         Long-Lived Assets to be Disposed of."  Goodwill is also assessed for
         impairment on an interim basis when events and circumstances warrant.
         Upon adoption of SFAS No. 142, the Company will assess whether an
         impairment loss should be recognized and measured by comparing the
         fair value of the Areporting unit' to the carrying value, including
         goodwill.  If the carrying value exceeds fair value, then the Company
         will compare the implied fair value of the goodwill (as defined in
         SFAS No. 142) to the carrying amount of the goodwill.  If the
         carrying amount of the goodwill exceeds the implied fair value, then
         the goodwill be adjusted to the implied fair value.

         SFAS No. 143 --  On August 16, 2001, the FASB issued SFAS No. 143,
         "Accounting for Asset Retirement Obligations," which is effective for
         fiscal years beginning after June 15, 2002.  It requires that
         obligations associated with the retirement of a tangible long-lived
         asset be recorded as a liability when those obligations are incurred,
         with the amount of the liability initially measured at fair value.
         Upon initially recognizing for an accrued retirement obligation, an
         entity must capitalize the cost by recognizing an increase in the
         carrying amount of the related long-lived asset.  Over time, the
         liability is accreted to its present value each period, and the
         capitalized cost is depreciated over the useful life of the related
         asset.  Upon settlement of the liability, an entity either settles
         the obligation for its recorded amount or incurs a gain o loss upon
         settlement.

         While the Company has not completed the process of determining the
         effect of this new accounting pronouncement on its consolidated
         financial statements, the Company currently expects that the effect
         of SFAS No. 143 on the Company's financial statements, when it
         becomes effective, will not be significant.



                          SILVER KEY MINING COMPANY, INC.
                          (A Development Stage Company)
                         Notes to the Financial Statements
                            December 31, 2001 and 2000


NOTE 3 -  GOING CONCERN

         The Company's financial statements are prepared using generally
         accepted accounting principles applicable to a going concern which
         contemplates the realization of assets and liquidation of liabilities
         in the normal course of business.  The Company has not established
         revenues sufficient to cover its operating costs and allow it to
         continue as a going concern.  Management intends to seek a merger
         with an existing, operating company.  In the interim, it has
         committed to meeting the Company's minimal operating expenses.

NOTE 3 -  GOING CONCERN

         During the years ended December 31, 2001, 2000, and 1999, a
         shareholder of the Company contributed $7,807, $3,301, and $2,627,
         respectively to the Company in the form of payments for accounting
         and legal expenses.



Item 8.  Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure

Not applicable.


                                 PART III

Item 9.  Directors, Executive Officers, Promoters and Control Persons;
Compliance with Section 16(a) of the Exchange Act

    The executive officers and directors of the Company are as follows:


Name                      Age           Position

Dale F. Miller            67            President, CEO, Director

Roger D. Miller           46            Vice President, Director

David A. Miller           47            Secretary, Treasurer, Director

Jeanne B. Miller          64            Director


    The above listed officers and directors will serve until the next annual
meeting of the shareholders or until their death, resignation, retirement,
removal, or disqualification, or until their successors have been duly elected
and qualified.  Vacancies in the existing Board of Directors are filled by
majority vote of the remaining Directors.  Officers of the Company serve at
the will of the Board of Directors.

    All of the Company's present directors have other full-time employment and
will routinely devote only such time to the Company necessary to maintain its
viability. The directors will, when the situation requires, review potential
business opportunities or actively participate in negotiations for a potential
merger or acquisition on an as-needed-basis.

    The Company does not presently intend to issue any additional stock to
management or promoters or their affiliates or associates in exchange for
their services or for any other consideration.  However, if a business
opportunity is found which meet the criteria for the Company, incentive stock
options may be considered for management only by the Board of Directors, but
only under a strict set of criteria based upon the performance of the Company.
There are no agreements or understanding for any officer or director to resign
at the understanding of any other person and none of the officers or directors
are acting on behalf or will act at the direction of any other person.

    Only the participation of the named officers and directors will be
material to the operations of the Company and no promoters exist who will act
on behalf of the Company.

Resumes

    Dale F. Miller has spent considerable time in the entertainment business
as a singer-songwriter.  For the past ten years he has been engaged in the
creation of jewelry which he sells at the family owned gift store in Murray,
Idaho. He has also engaged, on a limited basis, in the prospecting and
exploration of gold and other minerals.  Mr. Miller is married to Jeanne
Miller and is father to David Miller and Roger Miller.

    Roger D. Miller has been employed in the surveying profession for
approximately twenty years.  He has also been involved in the local mining and
logging industries in recent years.

    Jeanne B. Miller has spent considerable time in the entertainment business
as a singer-songwriter.  Ms. Miller also owns an antique business and is
active in local mining interests.

    David A. Miller has been involved in mining, logging and construction
for the past twenty five years.  In recent years he has been engaged with
several corporations, assisting them with their administrative duties.  Mr.
Miller was appointed Assistant Secretary of Silver Key Mining Co. in December
2000 and was appointed to the Board of Directors and the offices of Secretary
and Treasurer in November of 2001.  From June 2001 until the present he has
been employed by Biophan Technologies, Inc. as Corporate Secretary.

Prior "Blank Check" Experience Within Past Three Years

Companies that Dale Miller has served as an officer and/or director:

    Dale Miller served as Director and President of Greatbio Technologies,
Inc., formerly "Idaho Technical, Inc." and "Idaho Copper and Gold, Inc.", from
April 22, 1998 until his resignation on January 23, 2001.  He also served as
Director and President of Plume Creek, Inc., formerly Plume Creek Mining
Company, Inc., from July 15, 1998 until his resignation on March 23, 2000.

Companies that Jeanne Miller has served as an officer and/or director:

    Jeanne Miller served on the Board of Directors of Greatbio Technologies,
Inc., formerly "Idaho Technical, Inc." and "Idaho Copper and Gold, Inc.", from
April 22, 1998 until her resignation on October 25, 2000.  She also served on
the Board of Directors of Plume Creek, Inc., formerly Plume Creek Mining
Company, Inc., from July 15, 1998 until her resignation on March 23, 2000.

Companies that David Miller has served as an officer and/or director:

    David Miller served as Director, Secretary and Treasurer of Greatbio
Technologies, Inc., formerly "Idaho Technical, Inc." and "Idaho Copper and
Gold, Inc.", from April 22, 1998 until his resignation on February 1, 2001.
He also served as Director, Secretary and Treasurer of Plume Creek, Inc.,
formerly Plume Creek Mining Company, Inc., from July 15, 1998 until his
resignation on March 23, 2000.

Companies that Roger Miller has served as an officer and/or director:

    Roger Miller has not served as an officer or director of any blank-check
companies.

Section 16(a) Beneficial Ownership Reporting Compliance

    Each of the Company's officers and directors are required to file a Form
3, Statement of Beneficial Ownership.  These reports have not filed on a
timely basis and will be submitted to the Securities and Exchange Commission.

Item 10. Executive Compensation

    The Company's officers and/or directors have received no compensation for
their respective services rendered unto the Company.  They all have agreed to
act without compensation until authorized by the Board of Directors, which is
not expected to occur until the Company has generated revenues from operations
after consummation of a merger or acquisition.  As of the date of this Annual
Report, the Company has no funds available to pay directors. Further, none of
the directors are accruing any compensation pursuant to any agreement with the
Company and the Company does not intend to issue any securities to its officers
and/or directors in consideration for their services.

Item 11.  Security Ownership of Certain Beneficial Owners and Management

    The table below lists the beneficial ownership of the Company's voting
securities by each person known by the Company to be the beneficial owner of
more than 5% of such securities, as well as the securities of the Company
beneficially owned by all directors and officers of the Company.  Unless
otherwise indicated, the shareholders listed possess sole voting and
investment power with respect to the shares shown.

                Name and                   Amount and
                Address of                 Nature of
                Beneficial                 Beneficial         Percent of
Title of Class  Owner                      Owner              Class(1)



Common          Dale  F.  Miller(2)        3,500,000          68.3%
                P.O.  Box  142
                Clark  Fork
                Idaho  83811

Common          Edward  Cowle                367,365           7.1%
                201 E. 87th Street
                Apartment  6C
                New York, NY 10128

Common          Ronald  Rasmussen            266,807           5.2%
                P.O.  Box  396
                Murray,  Idaho  83874

Common          Rockwell  Smith              290,557           5.7%
                P.O.  Box  3303
                Park City, UT 84060

Common          Deworth  H.  Williams        491,336           9.6%
                56  W.  400  South
                Salt Lake City, UT 84101

Common          David A. Miller(2)            77,250           1.5%
                4004 Sunnyside Rd.
                Sandpoint, ID 83864

Common          All  Officers  and
                Directors  as  a
                Group  (3  persons)        3,577,250            69.8%


(1)     Based on 5,126,010 shares outstanding.
(2)     Officer and Director of the Company.

The balance of the Company's securities are held by forty eight persons.


Item 12.  Certain Relationships and Related Transactions.

    There have been no related party transactions, or any other transactions or
relationships required to be disclosed pursuant to Item 404 of Regulation S-B.

Item 13.  Exhibits and Reports on Form 8-K

a.        Exhibit Index

      *   Certificate of Incorporation (Nevada)

      *   Agreement and Plan of Merger

   3(i)   Bylaws (Nevada)


*    Exhibits so marked have heretofore been filed with the Securities and
Exchange Commission as part of the filing indicated and are incorporated
herein by reference.

       *  Certificate of Incorporation (Nevada) filed as Attachment to Form
          14-A, Definitive Proxy Statement, August 23, 2001.

       *  Agreement and Plan of Merger filed as Attachment to Form 14-A,
          Definitive Proxy Statement, August 23, 2001.


b.   Reports on Form 8-K

     There have been no reports on Form 8-K for the quarter ending December
     31, 2001.


                               SIGNATURES

    Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this Annual Report to be
signed on its behalf by the undersigned, thereunto duly authorized.


                                  SILVER KEY MINING CO., INC.
                                    (Registrant)

Date: March 19, 2002
                                    /s/Dale F. Miller
                              ------------------------------
                                 Dale F. Miller, President


    In accordance with the Exchange Act, this report has been signed below by
the following persons on behalf of the Registrant and in the capacities and on
the dates indicated.

    Signature                   Title                       Date

    /s/ Dale F. Miller        President and Director        March 19, 2002
    --------------------
          Dale F. Miller


    /s/ David A. Miller       Secretary, Treasurer          March 19, 2002
    --------------------       and Director
          David A. Miller


    /s/ Roger D. Miller       Director                      March 19, 2002
    ---------------------
          Roger D. Miller



Exhibit 3(i)

                   SILVER KEY MINING COMPANY, INC.

                             BY - LAWS

                  * * * * * * * * * * * * * * * * * *



                             ARTICLE I

                              OFFICES

Section 1.  The principal office shall be in the City of Clark Fork, Idaho.

Section 2.  The corporation may also have offices at such other places both
within and without the State of Idaho as the board of directors may from time
to time determine or the business of the corporation may require.

                             ARTICLE II

                      MEETINGS OF STOCKHOLDERS

Section 1.  All annual meetings of the stockholders shall be held in the City
of Clark Fork, State of Idaho.  Special meetings of the stockholders may
be held at such time and place within or without the State of Idaho as shall
be stated in the notice of the meeting, or in a duly executed waiver of
notice thereof.

Section 2.  Annual meetings of stockholders, commencing with the year 2002,
shall be held on the 15th day of May, if not a legal holiday, and if a
legal holiday, then on the next secular day following, at 10:00 A.M., at
which they shall elect by a plurality vote a board of directors, and transact
such other business as may properly be brought before the meeting.

Section 3.  Special meetings of the stockholders, for any purpose or
purposes, unless otherwise prescribed by statute or by the articles of
incorporation, may be called by the president and shall be called by the
president or secretary at the request in writing of a majority of the board
of directors, or at the request in writing of stockholders owning a majority
in amount of the entire capital stock of the corporation issued and
outstanding and entitled to vote.  Such request shall state the purpose or
purposes of the proposed meeting.

Section 4.  Notices of meetings shall be in writing and signed by the
president or a vice president, or the secretary, or an assistant secretary or
by such other person or persons as the directors shall designate.  Such
notice shall state the purpose or purposes for which the meeting is called
and the time when, and the place, which may be within or without this state,
where it is to be held.  A copy of such notice shall be either delivered
personally to or shall be mailed, postage prepaid, to each stockholder of
record entitled to vote at such meeting not less than ten nor more than sixty
days before such meeting.  If mailed, it shall be directed to a stockholder
at his address as it appears upon the records of the corporation and upon
such mailing of any such notice, the service thereof shall be complete, and
the time of the notice shall begin to run from the date upon which such
notice is deposited in the mail for transmission to such stockholder.
Personal delivery of any such notice to any officer of a corporation or a
association, or to any member of a partnership shall constitute delivery of
such notice to such corporation, association or partnership.  In the event of
the transfer of stock after delivery or mailing of the notice of and prior to
the holding of the meeting it shall not be necessary to deliver or mail
notice of the meeting to the transferee.

Section 5.  The holders of a majority of the stock issued and outstanding and
entitled to vote thereat, present in person or represented by proxy, shall
constitute a quorum at all meetings of the stockholders for the transaction
of business except as otherwise provided by statute or by the articles of
incorporation.  If, however, such quorum shall not be present or represented
at any meeting of the stockholders, the stockholders entitled to vote
thereat, present in person or represented by proxy, shall have power to
adjourn the meeting from time to time, without notice other than announcement
at the meeting, until a quorum shall be present or represented.  At such
adjourned meeting at which a quorum shall be present or represented any
business may be transacted which might have been transacted at the meeting as
originally notified.

Section 6.  When a quorum is present or represented at any meeting, the vote
of the holders of a majority of the stock having voting power present in
person or represented by proxy shall decide any question brought before such
meeting, unless the question is one upon which by express provision of the
statutes or of the articles of incorporation a different vote is required in
which case such express provision shall govern and control the decision of
such question.

Section 7.  Every stockholder of record of the corporation shall be entitled
at each meeting of stockholders to one vote for each share of stock standing
in his name on the books of the corporation.

Section 8.  At any meeting of the stockholders, any stockholder may be
represented and vote by a proxy or proxies appointed by an instrument in
writing.  In the event that any such instrument in writing shall designate
one or more persons to act as proxies, a majority of such persons present at
the meeting, or, if only one shall be present, then that one shall have and
may exercise all of the powers conferred by such written instrument upon all
of the persons so designated unless the instrument shall otherwise provide.
No such proxy shall be valid after the expiration of six months from the date
of its executions, unless coupled with an interest, or unless the person
executing it specifies therein the length of time for which it is to continue
in force, which in no case shall exceed seven years from the date of its
execution.  Subject to the above, any proxy duly executed is not revoked and
continues in full force and effect until an instrument revoking it or a duly
executed proxy bearing a later date is filed with the secretary of the
corporation.

Section 9.  Any action, except election of directors, which may be taken by
the vote of the stockholders at a meeting, may be taken without a meeting if
authorized by the written consent of  stockholders holding at least a
majority of the voting power, unless the provisions of the statutes or of the
articles of incorporation require a greater proportion of voting power to
authorize such action in which case such greater proportion of written
consents shall be required.

                            ARTICLE III

                             DIRECTORS

Section 1.  The number of directors which shall constitute the whole board
shall be at least two (2).  The directors shall be elected at the annual
meeting of the stockholders, and except as provided in Section 2 of this
article, each director elected shall hold office until his successor is
elected and qualified.  Directors need not be stockholders.

Section 2.  Vacancies, including those caused by an increase in the number of
directors, may be filled by a majority of the remaining directors though less
than a quorum.  When one or more directors shall give notice of his or their
resignation to the board, effective at a future date, the board shall have
power to fill such vacancy or vacancies to take effect when such resignation
or resignations shall become effective, each director so appointed to hold
office during the remainder of the tem of office of the resigning director or
directors.

Section 3.  The business of the corporation shall be managed by its board of
directors which may exercise all such powers of the corporation and do all
such lawful acts and things as are not by statute or by the articles of
incorporation or by these by-laws directed or required to be exercised or
done by the stockholders.

Section 4.  The board of directors of the corporation may hold meetings, both
regular and special, either within or without the State of Idaho.

                  MEETINGS OF THE BOARD OF DIRECTORS

Section 5.  The first meeting of each newly elected board of directors shall
be held at such time and place as shall be fixed by the vote of the
stockholders at the annual meeting and no notice of such meeting shall be
necessary to the newly elected directors in order legally to constitute the
meeting, provided a quorum shall be present.  In the event of the failure of
the stockholders to fix the time or place of such first meeting of the newly
elected board of directors, or in the event such meeting is not held at the
time and place so fixed by the stockholders, the meeting may be held at such
time and place as shall be specified in a notice given as hereinafter
provided for special meetings of the board of directors, or as shall be
specified in a written waiver signed by all of the directors.

Section 6.  Regular meetings of the board of directors may be held without
notice at such time and place as shall from time to time be determined by the
board.

Section 7.  Special meetings of the board of directors may be called by the
president or secretary on the written request of two directors.  Written
notice of special meetings of the board of directors shall be given to each
director at least zero (0) days before the date of the meeting.

Section 8.  A majority of the board of directors, at a meeting duly
assembled, shall be necessary to constitute a quorum for the transaction of
business and the act of a majority of the directors present at any meeting at
which a quorum is present shall be the act of the board of directors, except
as may be otherwise specifically provided by statute or by the articles of
incorporation.  Any action required or permitted to be taken at a meeting of
the directors may be taken without a meeting if a consent in writing, setting
forth the action so taken, shall be signed by all of the directors entitled
to vote with respect to the subject matter thereof.

                        COMMITTEES OF DIRECTORS

Section 9.  The board of directors may, by resolution passed by a majority of
the whole board, designate one or more committees, each committee to consist
of one or more of the directors of the corporation, which, to the extent
provided in the resolution, shall have and may exercise the powers of the
board of directors in the management of the business and affairs of the
corporation, and may have power to authorize the seal of the corporation to
be affixed to all papers which may require it.  Such committee or committees
shall have such name or names as may be determined from time to time by
resolution adopted by the board of directors.

Section 10.  The committees shall keep regular minutes of their proceedings
and report the same to the board when required.

                       COMPENSATION OF DIRECTORS

Section 11.  The directors may be paid their expenses, if any, of attendance
at each meeting of the board of directors and may be paid a fixed sum for
attendance at each meeting of the board of directors or a stated salary as
director.  No such payment shall preclude any director from serving the
corporation in any other capacity and receiving compensation therefor.
Members of special or standing committees may be allowed like compensation
for attending committee meetings.


                              ARTICLE IV

                               NOTICES

Section 1.  Notices to directors and stockholders shall be in writing and
delivered personally or mailed to the directors or stockholders at their
addresses appearing on the books of the corporation.  Notice by mail shall be
deemed to be given at the time when the same shall be mailed.  Notice to
directors may also be given by telegram.

Section 2.  Whenever all parties entitled to vote at any meeting, whether of
directors or stockholders, consent, either by a writing on the records of the
meeting or filed with the secretary, or by presence at such meeting and oral
consent entered on the minutes, or by taking part in the deliberations at
such meeting without objection, the doings of such meeting shall be as valid
as if had at a meeting regularly called and noticed, and at such meeting any
business may be transacted which is not excepted from the written consent or
to the consideration of which no objection for want of notice is made at the
time, and if any meeting be irregular for want of notice or of such consent,
provided a quorum was present at such meeting, the proceedings of said
meeting may be ratified and approved and rendered likewise valid and the
irregularity or defect therein waived by a writing signed by all parties
having the right to vote at such meetings; and such consent or approval of
stockholders may be by proxy or attorney, but all such proxies and powers of
attorney must be in writing.

Section 3.  Whenever any notice whatever is required to be given under the
provisions of the statutes, of the articles of incorporation or of these by-
laws, a waiver thereof in writing, signed by the person or persons entitled
to said notice, whether before or after the time stated therein, shall be
deemed equivalent thereto.

                               ARTICLE V

                                OFFICERS

Section 1.  The officers of the corporation shall be chosen by the board of
directors and shall be a president, a vice president, a secretary and a
treasurer.  Any person may hold two or more offices.

Section 2.  The board of directors at its first meeting after each annual
meeting of stockholders shall choose a president, a vice president, a
secretary and a treasurer, none of whom need be a member of the board.

Section 3.  The board of directors may appoint additional vice presidents,
and assistant secretaries and assistant treasurers and such other officers
and agents as it shall deem necessary who shall hold their offices for such
terms and shall exercise such powers and perform such duties as shall be
determined from time to time by the board.

Section 4.  The salaries of all officers and agents of the corporation shall
be fixed by the board of directors.

Section 5.  The officers of the corporation shall hold office until their
successors are chosen and qualify.  Any officer elected or appointed by the
board of directors may be removed at any time by the affirmative vote of a
majority of the board of directors.  Any vacancy occurring in any office of
the corporation by death, resignation, removal or otherwise shall be filled
by the board of directors.

                           THE PRESIDENT

Section 6.  The president shall be the chief executive officer of the
corporation, shall preside at all meetings of the stockholders and the board
of directors, shall have general and active management of the business of the
corporation, and shall see that all orders and resolutions of the board of
directors are carried into effect.

Section 7.  He shall execute bonds, mortgages and other contracts requiring a
seal, under the seal of the corporation, except where required or permitted
by law to be otherwise signed and executed and except where the signing and
execution thereof shall be expressly delegated by the board of directors to
some other officer or agent of the corporation or as restricted by a
stockholders agreement.

                        THE VICE PRESIDENT

Section 8.  The vice president shall, in the absence or disability of the
president, perform the duties and exercise the powers of the president and
shall perform such other duties as the board of directors may from time to
time prescribe.

                           THE SECRETARY

Section 9.  The secretary shall attend all meetings of the board of directors
and all meetings of the stockholders and record all the proceedings of the
meetings of the corporation and of the board of directors in a book to be
kept for that purpose and shall perform like duties for the standing
committees when required.  He shall give, or cause to be given, notice of all
meetings of the stockholders and special meetings of the board of directors,
and shall perform such other duties as may be prescribed by the board of
directors or president, under whose supervision he shall be.  He shall keep
in safe custody the seal of the corporation and, when authorized by the board
of directors, affix the same to any instrument requiring it and, when so
affixed, it shall be attested by his signature or by the signature of the
treasurer or an assistant secretary.

                            THE TREASURER

Section 10.  The treasurer shall have the custody of the corporate funds and
securities and shall keep full and accurate accounts of receipts and
disbursements in books belonging to the corporation and shall deposit all
moneys and other valuable effects in the name and to the credit of the
corporation in such depositories as may be designated by the board of
directors.

Section 11.  He shall disburse the funds of the corporation as may be ordered
by the board of directors taking proper vouchers for such disbursements, and
shall render to the president and the board of directors, at the regular
meetings of the board, or when the board of directors so requires, an account
of all his transactions as treasurer and of the financial condition of the
corporation.

Section 12.  If required by the board of directors, he shall give the
corporation a bond in such sum and with such surety or sureties as shall be
satisfactory to the board of directors for the faithful performance of the
duties of his office and for the restoration to the corporation, in case of
his death, resignation, retirement or removal from office, of all books,
paper, vouchers, money and other property of whatever kind in his possession
or under his control belonging to the corporation.

                              ARTICLE VI

                          CERTIFICATES OF STOCK

Section 1.  Every stockholder shall be entitled to have a certificate, signed
by the president or a vice president and the treasurer or an assistant
treasurer, or the secretary or an assistant secretary of the corporation,
certifying the number of shares owned by him in the corporation.  When the
corporation is authorized to issue shares of more than one class or more than
one series of any class, there shall be set forth upon the face or back of
the certificate, or the certificate shall have a statement that the
corporation will furnish to any stockholders upon request and without charge,
a  full or summary statement of the designations, preferences and relative,
participating, optional or other special rights of the various classes of
stock or series thereof and the qualifications, limitations or restrictions
of such rights, and, if the corporation shall be authorized to issue only
special stock, such certificate shall set forth in full or summarized the
rights of the holders of such stock.

Section 2.  Whenever any certificate is countersigned or otherwise
authenticated by a transfer agent or transfer clerk, and by a registrar, then
a facsimile of the signatures of the officers or agents of the corporation
may be printed or lithographed upon such certificate in lieu of the actual
signatures.  In case any officer or officers who shall have signed, or whose
facsimile signature or signatures shall have been used on, any such
certificate or certificates shall cease to be such officer or officers of the
corporation, whether because of death, resignation or otherwise, before such
certificate or certificates shall have been delivered by the corporation,
such certificate or certificates may nevertheless be adopted by the
corporation and be issued and delivered as though the person or persons who
signed such certificate or certificates, or whose facsimile signature or
signatures shall have been used thereon, had not ceased to be the officer or
officers of such corporation.

                         LOST CERTIFICATE

Section 3.  The board of directors may direct a new certificate or
certificates to be issued in place of any certificate or certificates
theretofore issued by the corporation alleged to have been lost or destroyed,
upon the making of an affidavit of that fact by the person claiming the
certificate of stock to be lost or destroyed.  When authorizing such issue of
a new certificate or certificates, the  board of directors may, in its
discretion and as a condition precedent to the issuance thereof, require the
owner of such lost or destroyed certificate or certificates, or his legal
representative, to advertise the same in such manner as it shall require
and/or give the corporation a bond in such sum as it may direct as indemnity
against any claim that may be made against the corporation with respect to
the certificate alleged to have been lost or destroyed.

                         TRANSFER OF STOCK

Section 4.  Upon surrender to the corporation or the transfer agent of the
corporation of a certificate for shares duly endorsed or accompanied by
proper evidence of succession, assignment or authority to transfer, it shall
be the duty of the corporation to issue a new certificate to the person
entitled thereto, cancel the old certificate and record the transaction upon
its books.

                       CLOSING OF TRANSFER BOOKS

Section 5.  The directors may prescribe a period not exceeding sixty days
prior to any meeting of the stockholders during which no transfer of stock on
the books of the corporation may be made, or may fix a day not more than
sixty days prior to the holding of any such meeting as the day as of which
stockholders entitled to notice of and to vote at such meeting shall be
determined; and only stockholders of record on such day shall be entitled to
notice or to vote at such meeting.

                         REGISTERED STOCKHOLDERS

Section 6.  The corporation shall be entitled to recognize the exclusive
right of a person registered on its books as the owner of shares to receive
dividends, and to vote as such owner, and shall not be bound to recognize any
equitable or other claim to or interest in such share or shares on the part
of any other person, whether or not it shall have express or other notice
thereof, except as otherwise provided by the laws of Nevada.

                              ARTICLE VII

                           GENERAL PROVISIONS

                               DIVIDENDS

Section 1.  Dividends upon the capital stock of the corporation, subject to
the provisions of the articles of incorporation, if any, may be declared by
the board of directors at any regular or special meeting pursuant to law.
Dividends may be paid in cash, in property, or in shares of the capital
stock, subject to the provisions of the articles of incorporation.

Section 2.  Before payment of any dividend, there may be set aside out of any
funds of the corporation available for dividends such sum or sums as the
directors from time to time, in their absolute discretion, think proper as a
reserve or reserves to meet contingencies, or for equalizing dividends, or
for repairing or maintaining any property of the corporation, or for such
other purpose as the directors shall think conducive to the interest of the
corporation, and the directors may modify or abolish any such reserves in the
manner in which it was created.

                                CHECKS

Section 3.  All checks or demands for money and notes of the corporation
shall be signed by such officer of officers or such other person or persons
as the board of directors may from time to time designate.

                               FISCAL YEAR

Section 4.  The fiscal year of the corporation shall be fixed by resolution
of the board of directors.

                                  SEAL

Section 5.  The corporate seal shall have inscribed thereon the name of the
corporation, the year of its incorporation and the words "Corporate Seal,
Nevada".

                              ARTICLE VIII

                               AMENDMENTS

Section 1.  These by-laws may be altered or repealed at any regular meeting
of the stockholders or of the board of directors or of directors or at any
special meeting of the stockholders or of the board of directors if notice of
such alteration or repeal be contained in the notice of such special meeting.



November 8, 2001

                                      /s/ Jeanne B. Miller
                                      ------------------------
                                          Jeanne B. Miller
                                          Secretary