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4~~'CE~VED <br />1AN 2,1 2004 <br />Division of Minarais and Gaobsy <br />January 19, 2004 <br />Mr. Kent Gorham <br />Colorado Division of Minerals & Geology <br />1313 Sherman Street, Room 215 <br />Denver, Colorado 80203 <br />Deaz Mr. Gorham: <br />Peak Project Management, LLC <br />34115 County Road 20.8 <br />Trinidad, CO 81082 <br />(719) 846-4975 <br />Enclosed aze copies of the Third Quarter 2003 Quarterly Certified Coal Waste Bank and Sediment Pond <br />Inspection Reports for the New Ells Mine and Second Quarter Sediment Pond Inspection Reports for <br />Lorencito. <br />Please contact me if you have any further questions. <br />Sincerely, <br />oK Wald G. Thompson <br />Project Manager <br />