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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Na[ural Resources <br />7313 Sherman St., Room 275 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />June 16, 2003 <br />Mr. Timothy Pierce <br />Cotter Corporation <br />P.O. BOX 1017 <br />COLORADO <br />DIVISION O F <br />M[NSRALS <br />GEOLOGY <br />RECLANATION•NIN ING <br />SAFETY•ECIENCE <br />Bill Owens <br />Governor <br />Greg E. Walther <br />Executive Director <br />Golden, CO 80402 Ronald W. Cattany <br />Division Director <br />Natural Resource Trustee <br />Re: Schwartzwalder, Permit No. M-1977-300, Financial Warranty Reduction Approval, Revision No. <br />SR-2 <br />Deaz Mr. Pierce: <br />On June 13, 2003 the Division of Minerals and Geology approved your request for a Financial Warranty <br />Reduction to $104,082.52. This is a reduction of $239,845.48. <br />Please provide a rider to the current Financial Warranty, or submit a new Financial Warranty reflecting this <br />reduction. If you wish to submit a different type of Financial Warranty, please contact our office for the applicable <br />form. <br />If you have any questions, please contact me. <br />Sincerely, i .\ <br />vv C~~ <br />Anthony a dron <br />Environmental Protection Specialist <br />cc: Susan M. Ericksen, Division of Minerals and Geology <br />Office of Office of Colorado <br />M ~ M1977300 AJW 20030616 110138 AM.dac Active and Inactive Mines Geological Survey <br />