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FROM <br /> <br />FRX N0. 17198464975 ~ Jan. 05 2006 11:49RM P1 <br />Peak Project Management, LLG <br />34115 County Road 20.8 <br />Trinidad, CO 81082 <br />Telephone/Fax: (719) 8464875 <br />Dell: (719) 859-0117 <br />e-mail: mnkhompsan~sensonlcs.o-g <br />January 5, 2006 <br />Mr. Kent Gorham <br />Division of Min sand Geology <br />1313 Sherman St, Roam 215 <br />Denver, CO 80203 <br />Re: ~ New Ells Mine Permit No.: C-81-012 <br />Proposed Bond Adjustment <br />Deaz Mr. Gorham: <br />Picketwire Processing appreciates the Division's response to the letter of December 28, 2005 <br />regarding the proposed bond increase. PPLLC hereby withdraws the request far a Board <br />hearing on the issues with the expectation of working with the Division to expeditiously <br />address the issues of concern with the bond review. <br />S~~rely, ~ j <br />Ronald•/TnWh lompson <br />