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Epvi* ropn7et)t, i)C. <br /> LARRY E.O'BRIAN 7995 VANCE DRIVE,SUITE 205A <br /> FOUNDER ARVADA,COLORADO 80003 <br /> STEVAN L.O'BRIAN 303-423-7297 <br /> PRESIDENT FAX 303-423-7599 <br /> October 2, 2017 RECEIVED <br /> Mrs. Amy C. Yeldell OCT 112017 <br /> Division of Reclamation, Mining & Safety <br /> 1313 Sherman, St., Suite 215 DIVISION OF RECLAMAnON <br /> Denver, CO 80203 MINING AND SAFETY <br /> Dear Mrs. Yeldell: <br /> RE: Silt Pit, Permit 9 M-1981-202SG L-� <br /> Bond <br /> On behalf of my client Flag Resources, Inc. I am requesting a reinspection of the Silt Pit <br /> for a second evaluation of the bond. Since your August 23, 2017 notice of the approval of <br /> Technical Revision 06 and the corresponding bond increase,much work has been completed on <br /> the bank slopes and other disturbed areas. <br /> While reviewing the bond increase worksheets that took it from $55, 400 to $468,320 <br /> Flag Resources did a revaluation of the mine activities and decided it was cheaper to complete <br /> the bank sloping around the mine then increase the bond. This accomplishes, at a minimum 2 <br /> things, one it eliminated the cost to rebuild the above and below water slopes and two, <br /> eliminates the dewatering requirements and those costs for your estimate. In addition, Fred Frei <br /> wants to have you visit the site and review other items they have accomplished during the <br /> intervening time so the revaluation will better reflect the actual cost of reclamation left at the <br /> mine. <br /> To be safe I would also like to request an extension for posting the new bond from <br /> October 24, 2017 to November 22, 2017 to give both parties time to resolve the bond amount <br /> issue. If you have any questions call myself or Fred and to set up the mine visit call Fred at 970- <br /> 989-0410. <br /> Sincerely, <br /> Environment, Inc. <br /> Stevan L. O'Brian, <br /> President <br /> cc Flag Resources <br /> Amy Yeldell-via e-mail <br /> Stephanie Mitchell - via email <br /> file <br />