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~~~ <br />GOTl6R <br />September 16, 2003 <br />Division of Minerals and Geology <br />Department of Natural Resources <br />Attn: Petrina Mazza <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />Subject: SM-18 Annual Report <br />File No. M-1978-116 <br />Dear Ms. Mazza: <br />RECEIVED <br />SEP 10 1003 <br />Oivisien ~f Minerals and Geology <br />The SM-18 Mine is located in Montrose County and operates under a <br />112 permit with a permitted acreage of 14.9 acres. This mine does <br />not have a phased reclamation plan. <br />A new map is not included, as no changes have occurred since the <br />last annual report. This mine operates as an intermittent <br />operation, per the Division's approval. <br />The financial warranty for the above captioned permit has been <br />reviewed by Cotter Corporation and was found sufficient to cover <br />the remaining reclamation costs associated with this property. <br />Enclosed please find a check for $550.00 to cover the annual fee. <br />If you need additional information, please call me at 970-864-7347. <br />sincerely, <br />COTTER CORPORATION <br />Glen Williams, Manager <br />Western Slope Operations <br />Enclosures <br />GW/tlm <br />dmgsml8.gw <br />cc: Donna Dyer <br />Cotter Corporation -West Slope Operations Telephone (970) 864-7347 <br />P.O. Box 700, 28151 DD Road, Nucla, CO 81424 USA Fax (970) 864-7287 <br />