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Mr. Rodney D. Knutson October 25, 1990 Page 4 become available to compare to any claims asserted that contest COM, Inc. ownership. Mrs. Fraser intends to come to Boulder, Longmont and Gold Hill with increasing frequency. Flom time to time I shall accompany her there or may come independent of her visits. Wayne Tatman will be the Superintendent on site. We expect our increased presence to work toward and facilitate the objcetives we have described to you. Insofar as the offer to seA the mill or aA interests in COM, Inc. heretofore tendered, you may deem those offers expired and unavail- able for acceptance. We remain receptive to any proposals you may wish to advance on behalf of Mi Vida. We assure you any such pro- posals will receive prompt and serious consideration such shall deserve. I encourage you to recognize that passage of time has compelled reassessment of the conditions under which the mill can now be sold. The mill placed in operation and production by COM, Inc. develops obligations that wlll have to be accommodated considering any future disposition of the mill. We accept the mill was constructed for the primary purpose of processing ore from the Cash Mine properties. Mr. Tatman has assured us operation of the mill wiA be in a manner to accommodate whatever reasonable ore processing requirements Cash Mine properties are expected to have. We do not perceive any operational plans we are compelled to adopt shall be at odds with reasonable prospects to make productive those mine properties associated with Gold Hill Venture Limited Partriership. We do hope that we will be able to have constructive discussions to further advance the interests we sern. It remains our considered judgment a fully operational mill on site can only enhance the mining interests of Gold Hill Venture Limited Partnership. If and when that enterprise is confirmed by agreement among the parties and the General Partner can commence operations, a fully operational mill will be there to receive and process the ore to the profit of all.