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co~tei- <br />January 9, 20088 <br />Division of Reclamation, Mining, and Safety <br />Department of Natural Resources <br />Attn: Mary. Rodriguez <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />Subject: Ike No. 1 Mine Annual Report <br />File No. M-1977-451- _ - -- - - <br />Dear Ms. Rodriguez: <br />The Ike No. 1 Mine is located in San Miguel County and operates <br />under a 112 permit with a permitted acreage of 13.3 acres. This <br />mine has a phased reclamation plan. <br />There were no additional acres affected during this report year, <br />and no additional disturbance is anticipated for the upcoming year. <br />A new map is not enclosed as no changes have occurred-since the <br />last annual report. This mine operates as an intermittent <br />operation, per the division's approval. <br />The sufficiency of the financial warranty for the above captioned <br />permit has been reviewed by DRMS and Cotter Corporation and was <br />found adequate to cover the reclamation costs associated with this <br />property. <br />Enclosed please find a check in the amount of $633.00 as payment <br />for the annual fee. <br />If you need additional information, please call me at 970-864-7347. <br />Sincerely, <br />COTTER CORPORATION <br />Glen Williams, Manager <br />Western Slope Operations <br />Enclosures <br />DRMSSR1108.gw.doc <br />Cotter Corporation - West Slope Operations Telephone (970) 864-7347 <br />P.O. Box 700, 28151 DD Road, Nucla, CO 81424 USA Fax (970) 864-7287 <br />