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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />COLORADO <br />DIVISION OF <br />MINERALS <br />GEOLOGY <br />REC LANATION•MINING <br />SAFETY•SCIENCE <br />August 20, 2004 / Rill ovens <br />Governor <br />Mr. William Peetz <br />Russell George <br />Ranch Land LLC Executive Direcor <br />3925 Hill Circle Ronald W. Cottony <br />Colorado Springs, CO 80904 Division Director <br />/ / oral Resource Trustee <br />Re: Ranch Land Rock Pit #2, Amendment Approval, Permit No. M-2003-021, Revision No. AM-1 <br />Dear Mr. Peetz: <br />On August 20, 2004 the Division of Minerals and Geology approved the Amendment application submitted to the <br />Division on June 18, 2004, addressing the following: Increasing the pernvt area to 930 acres and revising the direction of <br />phased operations. <br />The terms of the Amendment No. 1 approved by the Division aze hereby incorporated into Permit No. M-2003-021. Al] <br />other conditions and requirements of Permit No. M-2003-021 remain in full force and effect. <br />The estimated liability amount of $16,750.00 for the Ranch Land Rock Pit #2, when added to the existing liability <br />amount of $67,000.00, exceeds the performance bond held. If you have not already done so, please submit additional <br />bond in the amount of $16,750.00. The revision will not be final until the bond increase is approved by the Division. <br />If you have any questions, please contact me. <br />Sincerely, <br />cy_ ,~~ <br />James Dllhe <br />Environmental Protection Specialist <br />Office of Office of Colorado <br />Mined I and Rerlamafinn Artier and Inactive Mines Geolo¢ical suNev <br />