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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />- <br />Department of Natural Resources 41 <br />1& <br />1313 Sherman St., Room 215 C O L O R A D O <br />Denver, Colorado 80203 D I V I S I O N O F <br />Phone: (303) 866-3567 RECLAMATION <br />FAX: (303) 832-8106 MINING <br />- St- <br /> SAFETY <br />Bill Ritter, Jr. <br />Governor <br />April 7, 2010 James B. Martin <br />Executive Director <br />Karl Nyquist Loretta E. Pineda <br />GP Ranches, LLC Director <br />7991 Shaffer Parkway- Suite 200 <br />Littleton, CO 80127 <br />RE: West Farm Pit; DRMS File No. M-2008-078; Receipt of Performance and Financial <br />Warranty <br />Dear Mr. Nyquist, <br />The Division of Reclamation, Mining and Safety (Division) is pleased to inform you that we <br />have received your Performance Warranty and the irrevocable letter of credit (200123638) issued <br />from Citywide Banks in the amount of $2,416,599.00. The permit for the West Farm Pit will be <br />issued once the submitted documents are signed by the Division Director. <br />If you have any questions, please give me a call at (303) 866-3567 x8116. <br />Sincerely, <br />- "- L" - <br />Michael A. Cu ingham <br />Environmental Protection Specialist <br />Office of Office of <br />Mined Land Reclamation Denver - Grand Junction - Durango Active and Inactive Mines