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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832.6706 <br />Apri121, 2005 <br />Mr. Mazk D. Campbell <br />SW TKO Joint Venture, LLC <br />333 W. $ampden Ave, Ste. 810 <br />Englewood, CO 80110 <br />RE: SW TKO Joint Venture, LLC, Application No. M-2004-078 <br />Lupton Lakes Resotace; Reclamation Cost Estimate <br />Dear Mr. Campbell, <br />COLORADO <br />DIVISION O F <br />MINERALS <br />GEOLOGY <br />0.ECLANAi1GN•MINfNG <br />S~f ETY•SGIENCE <br />Bill Owens <br />Governor <br />Russell George <br />Executive Director <br />Ronald W. Canany <br />Division Director <br />Natural Resource Trustee <br />The Division estimated the cost to reclaim the Lupton Lakes Resource, Application No. M-2004-078 <br />based on the proposed mining and reclamation plan. The Division's estimate totals $3,618,200.00. <br />This amount reflects the applicant's request to bond the clay liner in phases as outlined in the <br />application. <br />If you have any questions, please do not hesitate to call. <br />Sinc y, <br />~~ <br />Erica Crosby <br />Environmental Protection pecialist <br />Enclosure; DMG Reclamation Cost Estimate <br />cc: Carl Mount; DMG (via e-mail) <br />Danna Ortiz; Civil Resources <br />Once of Office of Colorado <br />Mined Land Reclamation Active and Inactive Mines Geological Survey <br />