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COLORADO <br />Division of Reclamation, <br />Mining( and Safety <br />Department of Natural Resources <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />November 2, 2015 <br />To: Brock Bowles <br />From: Jason Musick <br />RE: New Horizon Mine, C-1981-008 <br />Revised 2015 Midterm Review RCE Memo <br />Per your request, attached is the reclamation cost estimate for the 2015 New Horizon Mine Midterm <br />Review. The Division updated the reclamation cost estimate with costs updated in October, 2014 to <br />reflect 2014 CRG, Means and CDOT rates. This updated estimate total is $5,432,359.95. This estimate <br />includes reclamation tasks identified in the permit and includes costs for Technical Revisions 63, 64, 65 <br />and Minor Revision No. 90, which reflect the only revisions that included an increase in liability since the <br />estimate was last updated with the 2013 Bond Release No. 13 (SLI 3). SLI 3 updated the costs for the <br />entire site. This 2015 Midterm Review revised cost estimate is $132,359.95 more than the current bond <br />held of $5,300,000. <br />The Division removed SL -13 task number 006. This task represented the support equipment costs <br />associated with each task requiring support equipment. The Division included the support equipment <br />required under the individual task rather than a separate cost. <br />1313 Sherman Street, Room 215, Denver, CO 80203 P 303.866.3567 F 303.832.8106 http://mining.state.co.us <br />John W. Hickenlooper, Governor I Mike King, Executive Director I Virginia Brannon, Director <br />