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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 />July 28, 2011 <br />Rick Hunt <br />43160 County Rd 17 -21 <br />Elizabeth, CO 80107 <br />Re: Big R Pit; Permit No. M- 1988 -052, Financial Warranty Increase, Revision No. SI -1 <br />Dear Mr. Hunt: <br />On July 28, 2011 the Colorado Division of Reclamation, Mining and Safety increased the current Financial <br />Warranty for this permit to $18,642.19 in accordance with Rules 4.2.1 (1) and (2) of the Minerals Rules <br />and Regulations. This is an increase of $13,542.19 from the current financial warranty. <br />Please submit a rider or a new financial warranty by September 26, 2011. If you wish to submit a different <br />type of Financial Warranty, the various application forms can be found at the following website: <br />http: // mining. state .co.us /Mineral %20Forms.htm <br />If you have any questions, please contact me, (303)- 866 -3567 ext. 8120. <br />Sincerely, <br />red Ebert <br />Environmental Protection Specialist <br />Certified Mail No. 7009 2820 0003 5701 1315 <br />Return Receipt Requested <br />cc: Tony Waldron, DRMS <br />Enclosures: Reclamation Cost Calculation <br />15 July 2011 Inspection Report <br />Mined Land Reclamation <br />STATE OF COLORADO <br />COLORADO <br />D I V I S I O N O F <br />RECLAMATION <br />MINING <br />— &— <br />SAFETY <br />John W. Hickenlooper <br />Governor <br />Mike King <br />Executive Director <br />Loretta E. Pineda <br />Director <br />Office of Office of <br />Denver • Grand Junction • Durango Active and Inactive Mines <br />