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2.01.5 Permit Term <br />Basin Resources plans to continue operations under a permit <br />issued by the Colorado Mined Land Reclamation Division for a <br />term of five (5) years. As the operation continues through <br />the term of the permit, additional renewal and revisions, <br />where required, will be made to continue mining at the New <br />Elk Mine. The current five year permit term was issued on <br />January 24, 1989 and will expire on January 25, 1994. <br />2.01.6 Permit Fees <br />The permit fee of $2,500 was enclosed with the original <br />application by CF6I Steel Corporation on February 3, 1981 to <br />cover the anticipated cost of reviewing, administering, and <br />enforcing the anticipated permit issued under this <br />application. <br /> <br /> <br />2.01-2 <br />.(Revised 01/20/93} <br />