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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 />March 15. 2006 <br />Picketwire Processing, LLC <br />C/O Ron Thompson <br />Peak Project Management <br />34115 Co. Rd. 20.8 <br />Trinidad, Colorado 81082 <br />RE: Revised Cost Estimate Pages, TR-48, New Elk Mine, #C-81-012 <br />Dear Mr. Thompson: <br />COLORADO <br />DIVISION OF <br />MIN SRALS <br />GEOLOGY <br />0.EC LANATION•NINING <br />SAFETY•SCBENCE <br />BIl) 01V2I15 <br />Governor <br />Russell George <br />Executive Director <br />Ronald W. Cottony <br />Division Director <br />Natwal Resource Trustee <br />Please find enclosed the revised cost estimate pages (22 total pages) modified as a <br />result of the pending approval of Technical Revision No. 48, (TR-48). <br />• EX. 28-1 to EX. 28-14 <br />• EX. 28-104 to EX. 28-111 <br />Please insert these pages in Exhibit 28 of the New Elk permit application along with <br />other revised materials resulting from TR-48 as noted of the decision form to be issued <br />by the Division in the near future. <br />Thank you for your attention to this matter. If you have any questions, please call me. <br />Sinc rel , <br />K t Gorham <br />Environmental Protection Specialist II <br />Office of Office of Colorado <br />Mined land Reclamation Active and Inactive Mines Geological Survey <br />