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VALCO, INC. <br /> ROCKY FORD CONCRETE DIVISION <br /> P.O. BOX 550 <br /> ® ROCKY FORD, COLORADO 81067 <br /> (719)254-7461 <br /> FAX(719) 254-7468 <br /> January 25,2004 <br /> Division of Minerals and Geology <br /> 1313 Sherman Street, <br /> Room 215 <br /> Denver,CO. 80203 <br /> RE: Permit No.: M-1977-222 Annual Report <br /> To Whom It May Concern: <br /> There were no changes to the pit as far as mining done in 2003,other then still hauling previously <br /> processed material out of this location. In 2004 we may possibly mine in the green shaded area of the <br /> enclosed map. <br /> Sin ely, <br /> f,' Z2 �✓fl <br /> Wayne Adams <br /> General Manager RFCD <br /> LAMAR CANON CITY GUNNISON CRESTED BUTTE <br />