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Cad ter <br />March 11, 2014 <br />Division of Reclamation, Mining, and Safety <br />Department of Natural Resources <br />Attn: Michelle Ramirez <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />Subject: C -CM -25 Mine Annual Report <br />File No. M -1977 -307 <br />Dear Ms. Ramirez: <br />The C -CM -25 Mine located in Montrose County, operates u:der. a 11' <br />permit with a permitted acreage of 7.34 acres. <br />A new map is enclosed, even though no changes have occurred since <br />the last annual report. <br />The sufficiency of the financial warranty for the above captioned <br />permit has been reviewed by DRMS and Cotter Corporation and was <br />found sufficient to cover the reclamation costs associated with <br />this property. <br />The annual fee payment of $518 is encl ::scd. <br />if you need more information, please call me at 970- 864 -7347. <br />Sincerely, <br />COTTER CORPO TIIOONN <br />Glen Williams <br />Vice President of Mining <br />Enclosures <br />DRMS C1425_14 <br />Cotter Corporation - West Slope Operations Telephone (970) 864 -7347 <br />P O. Box 700, 28151 DD Road, Nucla, CO 81424 USA Fax (970) 864 -7287 <br />