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JLJYI UI <br /> <br /> <br /> <br /> <br />When the drill sites end the rc <br />sites were left rith piles of trees <br />Other subsidence en the ranch <br />imya6asble for vehicles and horses. <br />canceled because of this subsidence. <br />fence and it is gone. <br />~~Ih~ <br />aa~za>ub:T a~1z <br />ad ways-v re built, the drill <br />and~debris~ to decay. <br />toek'ou~roada and made them <br />The poker rise July 1996 rase <br />Which is a guest oriented, <br />income avast. <br />Large subsidence areas on the ranch at Jumbo Mountain face <br />et muffler rock. Large rocks the sine o? freight liners have <br />fallen and the mountain side is falling daily. Arco. Mountain <br />Coal Company had a drill pad on top of this mountain that is 'no <br />longer there. It is 150' below the surface. <br />i1 yBoSthddB$uMAdar~* ~anc~ ~l~np~taaphpe BL~Jddh~~ €l~~e QC t11££~~ggxgh 1 <br />fencisaeLC it has just been paicheaytOgetheraxherey ~t~arrdid,~~~ <br />needs a new survey and put back on line. This needs to ba <br />resurveyed and placed on the property ]inc. She cattle that are <br />on the property the HLH side and our private side can now go oa <br />the BLK land or on our land. G[e put in weeks of work on this <br />Nero is our situation: Last year at this time we were going to <br />acquire anew loan. We had an appraisal for 82,500,000. The <br />lender First Commercial Capitol, in the process of making the <br />loan requested a now appraiaal_ The new appraisal referenced the <br />mining sad undermining of the surface. The sppraibal ~ahieh <br />referenced mining showed a value of 51,420,006. This showed H <br />loss to the Haut$'s of $1,080,000. Plna we will Nava tee <br />attorney fees. This also voided our loan opportunity. <br />From sot gettiag the loon wa have had to resort to filing Chapter <br />11 bankruptcy to save the property. If we can not aeguire a new <br />loan by September 1997. the ranch will go to a liquiastiag <br />tru~ttae, And wa will th n loo it all. This is what ARCd, <br />MOUIItaia Coal Company and meat E~~ Hine hag done to us. <br />The attorneys nre planing to proceed to recover damages. I would <br />P~c~io~4~ o~~~cetOw~~iphisroLffSr CounseIOwnOeie ~nemII3srrwitR mina <br />f~°s~~t yourEeai~e~'dCOnY6~Q~nc~ou contact 11sit Slk. We can do <br />Mitch, these are swae of the problems at this time and there are <br />many mere in the letters which you can refersnCe. <br />If you n~d to Come for an inspection please call sad ve will be <br />glad to how you. <br />M~e~utz C _ <br /> <br />