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~xCAVAT/pN <br />~RECEiVED <br />MAY 1.4 2003 <br />-c~~YSTAUC'~~ <br />Division of Minerals and Geology <br />April 29, 2003 <br />State of Coloratlo <br />Division of Minerals and Geology <br />Attn: Bob Oswald <br />701 Camino Del Rio <br />Durango, CO 81301 <br />Re: Bayfield #1 Pit, Permit No. M-1987-038, La Plata County <br />Dear Mr. Oswald: <br />Following up our conversation today, thank you again for your efforts regarding the bond <br />reduction for the above-captioned pd. We are generally in agreement on the reclamation tasks <br />remaining to be pertortned per your calculation, with one exception. On the summary page, the <br />Jab Superintendent line increased the job total by 25% of the total direct costs, or $4,748. Since <br />the total direct costs include substantial material costs, I believe a more accurate estimate for <br />supervision would be 25% of the total task hours, oral~ut 11 man hours. Our cost of supervisor <br />time including all burdens) is about $30 per hour, or about $330 for supervision of the remaining <br />[asks. Would you please reconsider this item, and if you agree a change is appropriate, send me <br />a revised summary sheet? We will then use that as a basis for requesting a bond reduction. <br />Thanks again for your support. <br />Very truly yours, <br />%~ \ <br />Matt Barnett <br />Gosney & Sons. Inc. <br />Operator <br />?'~. ~~ ~'~07' 8099 COUNT'! ACA'u ~<"'. • 9A'r F~E_J, :OL~~ ACr; ;, -- <br />CFFiC'c 19701 38C-?533 ~ FAQ ;9701 d8c-OC21 <br />