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C/Moao <br />SL_ -3 <br />Kaldenbach, Tom ?,vra°r?esf°'''? <br />From: Kaldenbach, Tom ?` r??lc.Q s4? ?s< <br />Sent: Thursday, April 17, 2008 12:18 PM <br />To: 'savageandsavage@earthlink.net' a -47 <br />Subject: RE: Carbon Junction Phase I bond release calculation <br />Thanks Mike. I'll turn the coding form in to get this approved.--Tom <br />-----Original Message----- <br />From: savageandsavage@earthlink.net [mailto:savageandsavage@earthlink.net] <br />Sent: Thursday, April 17, 2008 11:33 AM <br />To: Kaldenbach, Tom <br />Cc: PAUTSKY@aol.com <br />Subject: Carbon Junction Phase I bond release calculation <br />Tom, <br />I apologize for not getting back to you sooner,thanks for todays reminder. <br />I reviewed the revised spreadsheet which was much more descriptive in terms of what was <br />eligible for Phase I release and what tasks were still fully bonded. As I read the bottom <br />line, the recalculation of current bond liability is $718,110 of which $314,909 is <br />eligible for Phase I release, leaving a current bond liability of $403,201.00. <br />If this is correct, we request a change to the bond amount requested for release at the <br />Carbon Junction Mine to the $314,909 identified in the "Calculation of SL-03 Bond Release <br />Amount" provided in your 4/7/08 and 4/16/08 e-mails, leaving a required bond amount of <br />$403,201.00 after completion of SL-03. <br />Thanks, <br />Mike Savage <br />Savage and Savage Environmental <br />1