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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />COLORADO <br />D IV IS I ON OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jr. <br />Governor <br />Harris D. Sherman <br />Executive Director <br />/August 18th, 2008 <br />/Mr. Rick Mitchell <br />P.O. Box 10 <br />Bennett, CO 80120 <br />RE: Mitchell Pit #1, M-1987-023; Surety Increase notice <br />Dear Mr. Mitchell, <br />Ronald W. Cattany <br />Division Director <br />Natural Resource Trustee <br />On July 29th, 2008 an inspection was conducted for the above referenced mine site. It <br />was determined that the current financial warranty held for the permit is inadequate. An <br />analysis was completed to determine that the proper financial warranty amount is <br />$10, 430. The financial warranty currently held by the Division for this permit is $3,500 <br />please amend your letter of credit by adding an additional $6,930. Please submit the <br />amended letter of credit to the Division for the amount of $10, 430 by October 17th, 2008. <br />Sincerely, <br />Jared Ebert <br />Environmental Protection Specialist, DRMS <br />sr?l <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines