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-The Twenty-mile Mine in Steamboat Springs is selling reclaimed land <br />into the residential market, and sales are undeterred by contiguous <br />mining. <br />> The presence of the mining activity of the CC&V has exerted a positive <br />> effect on the local housing market. Should the mining cease, there <br />> would be downward pressure on home prices. While no statistical <br />> correlation with mine closures in other areas is possible, it is <br />> reasonable to expect that should mining cease, and no significant <br />> other basic employer locate into the area to take its place, the <br />> effects on home values would be moderately negative, with home values <br />> in the Cripple Creek and Victor area falling from 5% to 10% over a one <br />> to two year period. <br />> On the other <br />> hand, increasing the visibility of the mine to the people in Cripple <br />> Creek is not expected to have much, if any, effect on housing prices <br />> unless the homes were immediately contiguous to the mining activity. <br />> However there are no homes immediately contiguous to the mine. <br />> As always, contact us if you have any questions. <br />> Jane Mannon <br />> Manager, Community Affairs <br />> Cripple Creek & Victor Gold Mining Company Managed by AngloGold <br />> Ashanti (Colorado) Corp. <br />> PO Box 191 <br />> Victor, CO 80860 <br />> Tel: (719) 689-4044 <br />> Fax: (719) 689-3254 <br />> E-mail: jmannon@anglogoldashantina.com <br />> Confidentiality Warning <br />> This e-mail message contains confidential information which is <br />> intended for the use of the person to whom it is addressed. <br />> If you <br />> received it in error, please notify the sender and delete the material <br />> from any computer. Any disclosure, re-transmission, dissemination or <br />> any other use of this information is strictly prohibited. <br />2