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7747 County Road 100 <br />Carbondale, Colorado 81623 <br />19th January 2010 <br />Annual Report for the McNulty Cinder Pit <br />Permit Number M-1980-003 Eagle County <br />During the 2009 calender year approximately 3510 cubic <br />yards of material was sold from excavated materials and <br />existing stock piles at the McNulty Cinder pit. <br />About 1000 cubic yards was excavated from the NNE part of <br />the pit (see map). <br />In. 2010 we hope to sell 20,000 cubic yards of material. The <br />plan is to proceed with excavation in a NNE direction for the <br />red material and to the north for the gray. The western stock <br />pile will be crushed. <br />Thank you 9, ?' . <br />- Sarah McNulty,- general Partner- for-the <br />Quarter Circle -8 <br />Ranch <br />