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J. E. STOVER & ASSOCIATES, INC. <br />P.O. BOX 60340 <br />GRAND JUNCTION, COLORADO 81506 <br />PHONE: (970) 245-4101, FAX 242-7908 <br />MINE ENGINEERING <br />MINE RECLAMATION <br />DECEIVED <br />OCT 01 2007 <br />Division of Reclamation, <br />Mining and Safety <br />September 27, 2007 <br />CIVIL ENGINEERING <br />CONST. MANAGEMENT <br />J. J. Dudash <br />Division of Reclamation Mining and Safety <br />131-3-Sherman-St:; Room-21-5- - --? -- ----- ---- - - - <br />Denver, Colorado 80203 <br />Re: Minrec, Inc., Blue Ribbon Mine <br />Permit Renewal, PR-05 <br />Permit No. C-1981-047 <br />Dear Mr. Dudash: <br />The DRMS' letter dated September 21, 2007, transmitted the reclamation cost estimate for <br />the referenced permit renewal. On behalf of Minrec, Inc., the DRMS' cost estimate of <br />$42,065 is acceptable. <br />Please call if you have any questions. <br />Sincerely, <br />/J. E. Stover, P.E. <br />Consulting Engineer