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Name of Addressee <br />Page 2 <br />Date <br />Task 095 - The costs associated with the reconstruction of a portion of the BB road and 2700 road were a <br />part of the SL -13 and should have been removed with the approval of SL -13. As such, the costs will be <br />removed via SL -17. Task 095 will be removed from the RCE. <br />Task 100 - The maintenance cost associated with rill and gully repair and road maintenance has been <br />reduced to only include the maintenance of rill and gully repair. Task 100 will remain in the cost <br />estimate. <br />In addition to the costs associated with the SL -17 bond release application, the required liability for TR -69 <br />was inadvertantly omitted from the 2015 Midterm Review cost estimate. As such, the total of $9,585.90 <br />associated with TR -69 should be added to the required liability amount. <br />With the 2015 Midterm Review, the Division determined that costs to complete remaining reclamation <br />associated with the New Horizon Mine were $5,432,359.95. After adjusting the RCE to account for tasks <br />completed under the yet to be approved SL -16, the Division determined the costs to complete remaining <br />reclamation to be $4,977,983.07. Per Rule 3.03.1(2), the Division can only release $436,761.74 of the <br />original $5,432,359.95 with the approval of SL -16. As such, the Division has determined that the <br />remaining liability at the New Horizon Mine to be $4,995,598.21 once the SL -16 application is approved. <br />Based on the Division's SL -17 RCE, the costs to complete remaining reclamation associated with the New <br />Horizon Mine is $5,074,833.71. This amount is $367,112.14 lower that the current required surety based <br />on the 2015 Midterm Review plus the $9,585.90 costs associated with TR -69. The majority of the costs <br />associated with the reduction are noted above. <br />If the SL -16 application is approved prior to the SL -17 application, the costs to complete remaining <br />reclamation associated with the New Horizon Mine would be $4,638,071.97. This amount is $367,112.14 <br />lower that the current required surety based on the approval of SL -16 plus the $9,585.90 costs associated <br />with TR -69. The majority of the costs associated with the reduction are noted above. <br />Please let me know if you have any questions. <br />