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We will be submitting a "revised reclamation plan" before the end of the calendar year. <br />This process is being conducted in consultation with Mr. Lucas West, DRMS, Grand <br />Junction. Mr. West and I will be meeting on site on Oct. 30 for a walk-through and <br />discussion of the revised plan. <br />4. Financial Warranty ($12,000) was deemed inadequate several years ago. An extension <br />on meeting the terms of the new bond was granted from Kate Pickford (formerly of <br />DRMS). Earlier this year, simultaneous with the Succession of Operator process, we <br />paid the balance to meet the terms of the new increased bond ($18,394). <br />The map of the operation submitted previously still pertains. <br />The mine is part of a property owned by the Collins Morehead LLC. The LLC was established in <br />January of 2010 and purchased the property from the Collins Living Trust, the former owner. I <br />am a partner in the LLC along with my sister, Lois Morehead (Chico, California), her husband, <br />Jon Morehead, and my wife, Laurie Lundquist Collins. Our mother, Kathryn O. Collins, the <br />former owner, passed away January 10, 2004. <br />Respectfully submitted, <br />Dan Collins <br />Cell: 480-206-2037 <br />Email: dan.collins@asu.edu <br />Attachments: <br />• annual fee (check for $323.00), completed report request <br />• 110c Annual Report <br />• Site map <br />2 <br />