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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 /> <br />INTEROFFICE <br />MEMORANDUM <br />TO: Joe Dudash <br />FROM: Jim Stark.- <br />SUBJECT: Blue Ribbon RN-05 Cost Estimate <br />DATE: 13 September 2007 <br />COLORADO <br />D I V I S I ON OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jr. <br />Governor <br />Harris D. Sherman <br />Executive Director <br />Ronald W. Cattany <br />Division Director <br />Natural Resource Trustee <br />Attached is the reclamation cost estimate for the Blue Ribbon Mine's Permit Renewal 05. <br />The estimate is 13 Tasks (a summary sheet and tasks 001-020) and represents a new <br />liability of $42,065.00. <br />The Blue Ribbon Mine's new liability is $3,249.00 more than the previous liability 3 ?? t <br />calculated with the 2005 Midterm review. The current liability, in the permit system, is <br />$46,257.00. This liability has been statutorily set by the Bond Release process and may <br />not be decreased. The Division currently holds a certificate of deposit in the amount of <br />$48,000.00, which is more than the current calculated liability and the statutory liability <br />set through the Bond Release process. The Blue Ribbon Mine does not need to submit <br />any additional bond monies at this time. <br />If you are filling out a coding form for any revisions associated with inserting this new <br />reclamation cost estimate into the permit, the change in liability amount will be $0.00. <br />Please let me know if you have any questions or need any additional information. <br />cc: Sandy Brown w/out attachments <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines