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RECEIVE® <br /> 7747, County Road 100 JAN 10 2001 <br /> Carbondale, Colorado 81623 <br /> January 7°i. 2001 Division of Minerals and Geology <br /> Annual Report from the McNulty Cinder Pit, Permit No. M-1980-003 <br /> Eagle County <br /> During the 2000 calendar year approximately one thousand cubic yards of material was <br /> sold from existing stock piles at the pit, which was closed for the winter by early <br /> November 2000. There was no excavation or disturbance to the remaining resource <br /> during the year. <br /> During this following year we hope to sell at least 3000 cubic yards of material, and start <br /> excavating the hill, heading in a N.N.E. direction. Depending on the weather conditions, <br /> operations should commence by April 15's. 2001. <br />