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Dudash,Joe <br />From: Bear, Bill [BBear@BowieResources.com] <br />Sent: Tuesday, September 25, 2007 12:50 PM <br />To: Stewart, Collin <br />Cc: Brown, Sandy; jestover@bresnan.net; Dudash, Joe <br />Subject: RE: MR-82 Rock Storage <br />Sandy <br />In reference to your email questioning Bowie's bond: <br />Bowie had two technical revisions recently requiring additional bonding. <br />First, TR-45, gob pile #3, was approved and required a $412,958 bond increase. The second <br />was TR-47, build a ventilation pad in Hubbard Creek. Bond amount was $148,686. Bowie <br />posted the second bond in order to get started with pad construction. The first one, <br />TR-45 has yet to be posted but no work has been started on this site. I do have the bond <br />now and will be sending it in this afternoon. <br />Bill Bear <br />-----Original Message----- <br />From: Stewart, Collin <br />Sent: Tuesday, September 25, 2007 12:43 PM <br />To: Bear, Bill <br />Subject: FW: MR-82 Rock Storage <br />-----Original Message----- <br />From: Jim Stover [mailto:jestover@bresnan.net] <br />Sent: Tuesday, September 25, 2007 10:39 AM <br />To: Bear, Bill; Stewart, Collin <br />Subject: FW: MR-82 Rock Storage <br />Bill/Collin: <br />Bill, can you figure out the bond problem? <br />Jim <br />-----Original Message----- <br />From: Brown, Sandy [mailto:Sandy.Brown@state.co.us] <br />Sent: Tuesday, September 25, 2007 9:47 AM <br />To: jestover@bresnan.net <br />Cc: Dudash, Joe <br />Subject: RE: MR-82 Rock Storage <br />Jim, <br />I did receive the BLM e-mail yesterday afternoon. I have the <br />information to call it complete today. <br />However, I am concerned about the bond. It appears that Bowie is <br />currently underbonded, and in fact from what I can tell Bowie did not <br />submit the required bond to begin construction on the pad. Currently, <br />the Division holds $8,055,237.00. The bonding chronology is shown <br />below. <br />Revision Dec.date <br />Bond Amount <br />RN-02 06/22/07 <br />$7,875,709.92 <br />TR-45 07/03/07 <br />Bond Change Required <br />+187,763.00 <br />+412,958.00 <br />1