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<br />Raton Creak Mine - Energy Fuels Mining ComPanY <br />2003 AHR -Page 3 <br />period. Review of the enclosed Water Well Levels Graph (Monitoring Points 03 & 04) indicate <br />that although the water levels subsided during the above mentioned drought period, during the <br />current report year (2004), the water levels increased back to an average range more equated to <br />that of the time period 1995 through 2004. <br />