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Page 1 of 1 <br />Dudash,Joe <br />From: Jim Kiger [Jim.Kiger@OXBOW.COM] <br />Sent: Monday, April 14, 2008 4:06 PM <br />To: Dudash, Joe <br />Cc: Jim Cooper; paul fritzler <br />Subject: Terror Creek Bond - CDRMS Permit Renewal No. 5, C-1983-059 <br />Joe, <br />We are in receipt of the Division's 4/9/2008 Second Adequacy Review Letter for the subject Permit Renewal No. <br />5. <br />In the letter, in addition to other items, a review of the reclamation cost estimate is conducted. The Division's cost <br />estimate increased from the current calculated liability of $263,998.00 to $276,095.00 or an increase of <br />$12,097.00. <br />On behalf of the Terror Creek Company, we accept the Division's proposed cost estimate. <br />TCC currently carries a bond of $278,000.00 therefore submittal of additional bond will not be necessary. <br />Please contact me if you have questions. <br />James Kiger <br />Environmental Manager <br />Oxbow Mining, LLC. <br />4/14/2008