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112 Annual Report • ~ 14 September, 1999 <br />Permit No. M-77-300 Page 2 of 2 <br />The affected area for Section 25, T2S, R71 W, 6PM did not change during the report <br />year. The affected acreage map submitted with the 1996 112 Annual Report is still valid <br />for mining operations in Section 25. <br />The Cotter Corporation has reviewed the sufficiency of the Financial 4Varranry for <br />Permit No. M-77-300, the Schwartzwalder Mine, and has determined that the current bond <br />value of $937,090.00 ,held under Bond No. U2155972 of the State of Colorado, is sufficient <br />to cover all DMG related reclamation costs. Note that no reduction in the financial warranty <br />is requested for the Section 8 reclamation activity described previously because the <br />reclamation costs associated with the Transfer Pad area were bonded under the CDPHE <br />radioactive materials license. <br />A check in the amount of $550.00 is attached to this report as payment fir the Permit <br />No. M-77-300 annual fee. <br />If you have any questions, or require additional information on the contents of this <br />report, please call me at (303) 642-3893. <br />Sincerely, <br />~~ <br />Timothy W. Pierce <br />EC/RSO - Schwartzwalder Mine <br />cc: Tom Buchholz w/encl. <br />Dave Munger w/encl. <br />