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STATE OF <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: f303) 832-8106 <br />~~ ~ ~ <br />COLORADO <br />DIVISION OF <br />RECLAMATION <br />MINING <br />- &- <br />SAF ETY <br />Febniary 28, 2007 r~ <br />Bill Ritter, jr. <br />Governor <br />Mr. Lance Bad eC Harris D. Sherman <br />g / Executive Director <br />Granby Realty Holdings L.L.C. Y" <br />Ronald W. Cattany <br />P.~. BOX 1110 Division Director <br />Glartby, CO gt)~16 v / Natural Resource Trustee <br />Re: File No. M-2006-075, Overlook Mine, 112c Decision Letter/-/Financial and Performance Warranty <br />Request -Construction Material Operation <br />Dear Mr. Badger: <br />On February 23, 2007, the Division of Reclamation, Mining and Safety approved your t 12c mining permit applicafion. <br />The amount of financial warranty set by the Division for this operation is $57,000.00. You must submit a financial <br />warranty in this amount and a performance warranty in order for us to issue a permit. In the event you have requested a <br />fnancial warranty form, we have enclosed it in this letter. If you have not, please select a type of financial warranty from <br />Rule 4.3. Then contact us so that we can provide you with the appropriate warranty form. We have enclosed a <br />performance warranty form with this letter for yotu use. <br />PLEASE NOTE THAT MINING OPERATIONS MAY NOT COMMENCE UNTIL A PERMIT HAS BEEN <br />ISSUED BY THE DIVISION AFTER RECEIPT OF YOUR FINANCIAL WARRANTY AND PERFORMANCE <br />WARRANTY. A PERMIT WILL NOT BE ISSUED UNTII. WE VERIFY THE ADEQUACY OF BOTH YOUR <br />FINANCIAL WARRANTY AND PERFORMANCE WARRANTY. <br />If you have any questions, please contact me at (303) 866063. <br />SlneerClyn <br />L////J~ <br />Allen C. Sorenson <br />Reclamation Specialist <br />encloswe(s) <br />cc: Paul Banks, Banks and Gesso L.L.C. (w/enclosures) <br />Elizabeth Shelton, DRMS (via email and w/o enclosures) <br />Carl Mount, DRMS (via email and w/o enclosures) <br />c:tacs filesUly Documents 4-19-06 thrubvedook mine application appmval.doc <br />Office of Once of <br />Mined Land Rxlamation Denver Grand Junction Durango Active and Inactive Mines <br />