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<br />" STATE OF iii iiiiiiiiiiiu iii <br />COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman SL. Room 215 <br /> <br />Denver, Colorario 80203 ~~~~ <br />Phone: 13031 8663567 <br />FAX. 13031 832-8106 <br /> DEPARTMENT OF <br /> NATURAL <br /> RESOURCES <br />DATE: October 23, 1998 Roy Romer <br /> Governor <br />TO: Dan Mathews ~ lames 5. Lochhea8 <br /> Execulix~e Director <br /> <br />FROM: Susan Burgmaier Michael B. Long <br />Division Direuor <br />RE: Deserado Mine (C-81-018) <br />Minor Revision No. 113 <br />1998 Exploration <br />I have completed a cost estimate for MR-113. The revised liability is now $ 7,052,757.00. The revised <br />liability includes a credit for drillholes LW 11-5 and LW 11-7, which were pe rmitted under MR-111 but <br />will not be drilled. The net increase in liability is $13,028.00. Attached are the replacement pages for <br />the estimate you have on file. I replaced the pages in the estimate in the Denver office. Should you or <br />the operator have questions or need additional information, let me know. <br />SLB\IO?398B.WPW <br />