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VALCO, INC. <br /> LAMAR CONCRETE DIVISION <br /> P.O. BOX 591 <br /> ® LAMAR,COLORADO 81052 <br /> (719)336-2223 <br /> FAX(719)336-2224 <br /> January 19,2004 <br /> Division of Minerals and Geology <br /> 1313 Sherman Street, Rm 215 <br /> Denver, Colorado 80203 <br /> Subject: Annual report, Permit No. M-1977-223 Wiley Pit <br /> Enclosed is our check for the annual fee for the above mentioned pit. <br /> There were no disturbances to this pit in 2003. This pit has phased reclamation, however <br /> no acres have been disturbed or reclaimed in the past permit year. Mining will <br /> commence as market conditions change, we may resume some mining in this pit at some <br /> point this year. <br /> Enclosed: 1. Check for annual fee for $688.00 <br /> 2. Exhibit B Index Map <br /> 3. Stages Map <br /> 4. Map indicating area of disturbance <br /> Respectfully, <br /> Wayne Adams <br /> General Manager <br /> Lamar Division <br /> ROCKY FORD CANON CITY GUNNISON CRESTED BUTTE <br />