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KAGAN & SON L.L.C. <br />555 Ernest Ave. <br />Westcliffe, Co. 81252 <br />719-783-0387 <br />2006 ANNUAL REPORT <br />For <br />Nordyke Pit No 2 <br />Colorado Division of Reclamation,Mining and Safety <br />A"I'TN: Michelle Ramirez <br />1313 Sherman St., Room 21 S <br />Denver, Colorado 80203 <br />6~~'~u ~ 7 <br />",__- <br />S,~p . 8 ~~ ~ ~' ~~~ <br />Diti~ o )~0 <br />Rpr.. <br />:~ <br />9/15/06 <br />Michelle, <br />My name is Andy Kagan, we are the new operators of the Nordyke Pit No. 2. As you <br />can see from the attached map the activity in the pit last year was very limited. <br />We plan to improve the access road and reduce the angle of the pit walls before we start <br />mining early next year. <br />If you have any questions or comments please feel free to call me anytime at 719-783- <br />0387. <br />Sincerely <br />-/ s <br />Andy Kag <br />