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112r Annual Report 27 September, 2005 <br />Permit M-1977-300 Page 2 of 2 <br />Review of Reclamation Bond Adequacy: <br />The Cotter Corporation has reviewed the sufficiency of the Financial Warranty for Permit <br />No. M-77-300, the Schwartzwalder Mine, and has determined that the current bond value is <br />sufficient to cover all remaining DMG related reclamation costs. <br />A check in the amount of $550.00 is attached to this report as payment for the Reclamation <br />Permit No. M-77-300 annual fee. <br />If you have any questions, or require additional information on the contents of this report, <br />please call Tim Pierce at (303) 642-3893. <br />Sincere) , _ <br />~ ( ~`'~ <br />Timothy W. Pierce <br />EC/RSO - Schwartzwalder Mine <br />cc: Corporate Files <br />