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Hernandez, Daniel <br />From: Hernandez, Daniel <br />Sent: Monday, November 14, 2011 3:19 PM <br />To: Ron Thompson; Susan Patton; 'jestover @bresnan.net <br />Subject: New EIk Mine NOV -CV- 2011 -003 <br />Ron, Susan and Jim — <br />Just a note that before we can terminate NOV CV- 2011 -003 for the New EIk Mine, an additional $119,730.94 in <br />reclamation bond is required to be posted with us. This is the amount of reclamation liability increase that was <br />approved in conjunction with Technical Revision TR -59 for the New EIk Mine. <br />NOV CV- 2011 -003 is currently extended until tomorrow. Please let me know if another extension is will be needed to <br />allow time for the increase in bond for TR59 to be posted. <br />As a side note, prior to the approval of TR59, the New EIk Mine was already underbonded by $52,596.73. As such, an <br />increase in bond of $172,327.67 ($119,730.94 + $52,596.73) will bring the New EIk Mine into reclamation liability <br />compliance. Please be aware that the $172,327.67 amount is separate from any additional bond increase that may <br />occur in association with our possible approvals of MR99, MR101, TR60 and TR61. <br />Sincerely, <br />Dan <br />Daniell Jfernandez <br />Daniel I. Hernandez <br />Senior Environmental Protection Specialist <br />Colorado Division of Reclamation, Mining and Safety <br />1313 Sherman St, Room 215 <br />Denver, CO 80203 <br />303 - 866 -3567 Ext 8126 <br />Fax: 303 - 832 -8106 <br />Website: www.mininq.state.co.us <br />1 <br />