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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 /> pp? 5 ZM <br /> <br />/ piviaion cf'??'c? ? <br />?11ini>1g snd <br />March 30, 2010 <br />Mr. Charles R. Poncha <br />Consulting Geologis <br />15292 6050 Road <br />COLORADO <br />D I V I S I ON OF <br />RECLAMATION <br />MINING <br />SAFETY . <br />Bill Ritter, Jr. <br />Governor <br />James B. Martin <br />Executive Director <br />Montrose, CO 80143 / <br />Re: Ruby Trust Drilling Project, Notice of Intent No. P - 2009 - 0038, Final Reclamation Cost Estimate. <br />Dear Mr. Ponchak: <br />The Division of Reclamation Mining and Safety has calculated the bond estimate for the above referenced permit <br />application. Staff has calculated the initial reclamation liability for the proposed prospecting project using <br />information within the application and information submitted by Mr. Charles Ponchak. The estimate is based on what <br />it would cost the state to hire a contractor to reclaim the site if the bond was forfeited and not necessarily what it <br />would cost Mount Sneffels Mining Company, LLC to complete the work. <br />Staff's estimate for the proposed reclamation of the site is $224,319.00 for the disturbance that will occur on private <br />and Federal land. Please review the estimate carefully. Should there be any questions or corrections contact staff <br />immediately. <br />If you need additional information, please contact me at the Division of Reclamation, Mining and Safety, Grand <br />Junction Field Office, 101 S. 3rd St., Suite 301, Grand Junction, Colorado 81501, telephone no. 970.241.2042. <br />Sincerely, <br />Travis Marshall <br />Environmental Protection Specialist, Grand Junction Field Office <br />Cc: Steve Shuey, DRMS <br />Tamara Randall-Parker, U.S.F.S., Ouray Ranger District <br />Ben Crosby, Mount Sneffels Mining Company, LLC <br />Enclosure(s) <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines