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DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department 0 Natural Reururcn <br />I i 1 3 Sherman St . Room 21 5 <br />Denver. CrAswake 80201 <br />Phone- 30;) 866.3567 <br />FAX (303)632 -0106 <br />November 20. 2009 <br />STATE OF COLORADO <br />COLORADO <br />D I V I S1 ON OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter 1, <br />e ww"'NM <br />Hann D Sherman <br />Mr. Christopher L. Varna <br />c,n,ro,T r]irea trrr <br />Sand land. Inc. <br />RrxuM W Crttanv <br />8120 Gage St. Dwrwnn nrWIM <br />Frederick, CO 80516 "°""af ace Tru "Y <br />Re: Kurtz Resource Recovery & Land Devlpmnt Proj, Permit No. M- 1999406, Financial Warranty Increase, <br />Revision No. SI -1 <br />Dear Mr Varna. <br />On November 20, 2009 the Division of Reclamation. Mining and Safety (Division) increased the current Financial <br />Warranty for this permit "llie previous Financial Warranty calculation of $2,486,383.00 has been revised to reflect the <br />changes to the Mining and Reclamation Plans submitted under Technical Revision - 02 The Division's updated <br />calculations (copy enclorsed) estimate the cost to reclaim the site to be $286,974 00 This is an increase of $228, 1 79 -00 <br />over the $58,800 00 currently held by the Division <br />Per our agreement, the division will grant all additional 30 days beyond the approval date of Technical Revision 02 to <br />submit the increased I-mancial Warranty I'he increase needs to be accepted prior to December 21, 2009 If you wish to <br />submit a different type of Financial Warranty. you may find the appropriate form,. on the Division's website at <br />hop: // mining .state.co.us /Miricral %201:or ns htm <br />If you have any questions, please contact me at (303) 866 -3567 x8116 <br />Sincerely. <br />!v k 0 <br />Michael A Cunrun ham <br />Environmental Protection Specialist <br />1%nclovurc <br />('( Tony Waldron, DRMS <br />F.Ivabcth Merry, DRMS <br />Farad lanes. Varra C °omimmes (%ta e-mail) <br />Offu r of off" of <br />Mined land Rn Ia"I Denver - Grand ;une froze • Durango At live and tndrhve Mines <br />