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fi <br />February 9, 2004 <br />Division of Minerals and Geology <br />1313 Sherman Street, <br />Room 215 <br />Denver, CO. 80203 <br />RE: Permit No.: M-1977-560 Annual Report <br />To Whom It May Concern: <br />VALCO, INC. <br />ROCKY FORD CONCRETE DIVISION <br />P.O. BOX 550 <br />ROCKY FORD, COLORADO 81067 <br />(719)254-7461 <br />FAX (719) 254-7468 <br />In 2003 we mined in the pink shaded azea of the enclosed map which was partly <br />mined in 2001. We separated it form the 2002 (yellow) with a dike. In the 2003 area, only <br />the East and North sides are below water now so we will probably continue to mine this <br />area as needed. <br />Sincerely, <br />Wayne Adams <br />General Manager RFCD <br />LAMAR CANON CITY GUNNISON CRESTED BUTTE <br />