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ATCOLORADO <br />Division of Reclamation, <br />Mining and Safety <br />Department of Natural Resources <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />March 7, 2019 <br />Alonzo Salazar <br />Southway Construction Company, Inc. <br />117 White Pine Drive <br />Alamosa, CO 81101 <br />Re: Bond Recalculation of AM -02, King Pit, Permit No. M-1987-012 <br />Dear Mr. Salazar: <br />In a correspondence dated February 11, 2019 from Katie Todt representing Greg Lewicki and Associates, a request to <br />recalculate the Financial Warranty was received. The Division recalculated the bond based on changes suggested by <br />Ms. Todt. At this time, the Division agrees with the major changes and will not require Southway Construction <br />Company, Inc. to submit additional increase in what was originally calculated for AM02. The Financial Warranty that <br />is required will stay the same in the amount of $216,866.00. <br />If you have any questions, please contact me at Stephanie.mitchell@state.co.us or 970-242-5025. <br />Sincerely, ' <br />.42QQ- <br />Stephanie J. Itchell <br />Environmental Protection Specialist <br />Enclosure: Revised AM02 Bond Calculation <br />CC: Katie Todt, Greg Lewicki and Associates <br />1313 Sherman Street, Room 215, Denver, CO 80203 P 303.866.3567 F 303.832.8106 http://mining.state.co.us <br />Jared Polis, Governor I Dan Gibbs, Executive Director I Virginia Brannon, Director <br />