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~~ ~ ~~~ <br /> <br />January 21, 2003 <br />Mr.. Rob Laird <br />Asphalt Specialties Co., Jnc. <br />7321 E. 88th Ave., Ste. 100 <br />Henderson, CO 80640 <br />Re: Speer Mining Resource, Amendment Approval, Permit No. M-1983-176, Revision No. AM-2 <br />Deaz Mr.. Laird: <br />On January 22, 2003 the Division of Minerals and Geology approved the Amendment application submitted to the <br />Division on November 5, 2002, addressing the following: <br />The terms of the Amendment No. 2 approved by the Division aze hereby incorporated into Permit No. M-1983- <br />176. All other conditions and requirements of Permit No. M-1983-176 remain in full force and effect. <br />The estimated liability amount of $115,356.00 for the Speer Mining Resource, when added to the existing liability <br />amount of $562,813.00, exceeds the performance bond held. If you have not already done so, please submit <br />additional bond in the amount of $115,356.00. The revision will not be final until the bond is approved by the <br />Division. <br />If you have any questions, please contact me. <br />Sincerely, <br />Berhan Keffelew <br />Environmental Protection Specialist <br />~ ~ ~~ C:~ <br />M:\OSS\TDDRemp\M-RV-Ol_M1983176_BMI~20030121_12639 PM.doc <br />