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<br />January 19,2004 <br />Division of Minerals and Geology <br />1313 Sherman Street, Rm 215 <br />Denver, Colorado 80203 <br />Subject: Annual report, Permit No. M-1977-223 Wiley Pit <br />Enclosed is our check for the annual fee for the above mentioned pit. <br />VALCO, INC. <br />LAMAR CONCRETE DIVISION <br />P.O. BOX 591 <br />LAMAR, COLORADO 81052 <br />(719) 336-2223 <br />FAX (779) 336-2224 <br />There were no disturbances to this pit in 2003. This pit has phased reclamation, however <br />no acres have been disturbed or reclaimed in the past permit yeaz. Mining will <br />commence as market conditions change, we may resume some mining in this pit at some <br />point this year. <br />Enclosed: 1. Check for annual fee for $688.00 <br />2. Exhibit B Index Map <br />3. Stages Map <br />4. Map indicating azea of disturbance <br />Respectfully, <br />Wayne Adams <br />General Manager <br />Lamar Division <br />ROCKY FORD CANON CITY GUNNISON CRESTED BUTTE <br />