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719-542-8278 <br /> <br />13th & Erie Streets <br />P.O. Box 533 <br />Pueblo, Colorado 81002-0533 <br />October 10, 2003 <br />_ _..- - _ Mr..James.Dillie_- _ _ _ _ _ _ __ <br />Environmental Protection Specialises <br />Division of Minerals & Geology <br />Department of Natural Resources <br />1313 Sherman Street, Room 215 <br />Denver, Colorado 80203 <br />FAX 719-542-5243 <br />f7~6o~~ V I~® <br />OCT 1 4 2003 ~/ <br />Uivisian of Minerals and Geology <br />Re: Cherokee Clay Mine, Permit No. M-1977-325, Financial Warranty Increase, <br />Revision No. SI-2 <br />Deaz Mr. Dillies <br />In accordance with your discussion with our consultant, Mr. Joe Gagliano~we agree to the <br />revised bond estimate of $18,500. It is our understanding that the job superintendent <br />amount is reduced to $0 since the operators will cover these duties. Also, the seeding <br />equipment will be hauled along with the other equipment, which will reduce the <br />mob/demob of equipment to $1,820.00. <br />Thank you for your help. <br />Very truly yours. <br />~~ <br />ep C. Welte <br />President <br />JCW/kac <br />CC: Mr. Joe Gagliano <br /> <br />:-;. <br />