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The Division holds a performance bond of$3,790,697.28 for the Seneca II-W Mine. The current required <br /> surety amount is$3,790,697.28. This SL6 application requests 816.6 acres of final Phase III and combined <br /> Phase II/III release. Based on the last annual reclamation report submitted by Seneca Property,LLC, <br /> 1,291.5 acres have been affected at the site. The current applicable cost per acre of affected land is <br /> $2,935.11 ($3,790,697.28- 1,291.5 acres);therefore,the total applicable bond for the 816.6 acre SL6 bond <br /> release block is$2,396,812.54. Once SL6 is approved,the remaining liability at the site will be <br /> $1,393,884.74. This amount would be sufficient to complete reclamation at the site. <br /> Any person with a valid legal interest which might be adversely affected by this proposed decision may <br /> request a formal public hearing before the Mined Land Reclamation Board in accordance with Rule <br /> 3.03.2(6). Public notice of this proposed decision will be published twice in the Colorado Mountain News <br /> Media-Steamboat Pilot for two weeks as soon as possible. Requests for public hearing must be submitted to <br /> the Division in writing within thirty days of the first publication in the Colorado Mountain News Media- <br /> Steamboat Pilot. If no hearing is requested within those thirty days,the Division's decision will become final. <br /> GSL-10 <br /> Permit Number C1982057 Prepared by: R.Reilley NIS,GISP <br /> SL6 Phase II and III Page 16 of 16 <br />