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TR-04 are permanent features on private property and are not slated for demolition as part of the <br /> reclamation plan. <br /> 3. $15,000: TR-05 was approved by the Division on October 11,2012 which entailed disturbance of <br /> up to 1.28 acres on the flat top of the modern tailings. The associated reclamation of the disturbance <br /> was estimated to be $10,600 and Caldera provided an additional $15,000 of FW to address those <br /> costs. <br /> In 2012 the Division pointed out that the $25,000 held prior to TR-04 could likely have been used in part <br /> to address reclamation costs pertaining to TR-04(thus not requiring the entire$50,000 submitted after TR- <br /> 04),but the former operator had plans to expand operations in 2013 and overfunding the FW was preferred. <br /> Those plans did not come to fruition and the overfunded FW has been in place ever since. Adjusted for <br /> inflation,the total FW required based on the Division's prior approvals/calculations is$81,061. Including <br /> the estimate for TR-06 the total calculated costs for reclamation would be $148,741. Therefore, Caldera <br /> believes that the proposed FW of$157,680 is more than adequate. <br /> The scope and extent of the RA is at the discretion of EPA and remains subject to change. However, it is <br /> important to note that the nature and extent of the RA is reclamation and that some of the Division's <br /> reclamation requirements under the permit may largely be completed as part of the RA. Therefore,Caldera <br /> cannot accurately represent the final conditions within the permit boundary until the RA is completed. <br /> Following EPA's certification of completion of the RA,Caldera plans to submit another Technical Revision <br /> and/or an Amendment with a revised reclamation plan as needed and FW proposal that will reflect site <br /> conditions. <br /> Please contact me if you have any questions,and I look forward to your response. <br /> Sincerely, <br /> IlAft� <br /> Mike Thompson <br /> Manager, Caldera Mineral Resources, LLC <br /> (970)426-2924 <br />