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<br />~- iii iuiuiiiiiii iii <br /> <br />October 31. 1980 <br />Mr. Loyd V. (Suck) Barnhart <br />3 Sedum Ct. <br />Pueblo, Colorado 81001 <br />~~z <br />s.,,. <br />_~. <br />RE: Yalco - Lamar East Pit <br />our File: 177-572 <br />Over Buck: <br />After carefully reviewing the above appliwtlon the following was found: <br />1. TM whole area (77.85 acres) sus not bonded. Oply 21 acres have been <br />bonded and thiislneluMs phases 0(1), 0(2), 1, X. Y, and Z. These <br />areas have never bean raelalwed In tonJunetion with rining which swst <br />bs done before the operation can proceed. <br />2. The wining stages are In the wrong sequence and tM operator may want <br />to reconsider thin. <br />Por londing, Yalco Ms two ways to accomplish thee: <br />1. Yalco can include the whole shoreline N the lake at 51,000.00 per acre. <br />36.48 x $1,000.00 ~ 536,480.00 bond; or, <br />2. Valve can break the areas into MaJor ($x,000.00/care), lbderate ($750.001 <br />acre) and Minor (S250.00/acre).. <br />MaJor - $1,000.00 x 15 ! $15.000.00 <br />Moderate - S 750.00 x 10,E $ 7,500.00 <br />Minor - $ 250.00 x 5 ~ S 1.250.00 <br />Total <br />$23.x5o.o0 <br />For tM Mining Sequeaee, Vatco can rwise the wining and reclamation stages <br />to swot their needs and we un bring this and eM bonding method to the <br />8oard'c attention for approval. <br />If you have any questions, do not hesitate to contact me. <br />Sincerely, <br />JU Sehmleding <br />Ilaclcsatlec fpselallct <br /> <br />