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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />7313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />Mazch 20, 2006 <br />Ron Thompson <br />Peak Project Management <br />34115 County Road 20.8 <br />Trinidad, CO 81082 <br />Re: New Elk Mine (Permit No. C-1981-012) <br />Proposed Decision -Technical Revision No. 48 (TR-48) <br />Update Reclamation Cost Estimate <br />Dear Mr. Thompson: <br />COLORADO <br />DIVISION O F <br />MIN&RALS <br />GEOLOGY <br />0.EC LAMATION•MIN ING <br />SAFETY•SCIENCE <br />Bill Owens <br />Governor <br />Russell George <br />Executive Director <br />Ronald W. Cattany <br />Division Director <br />Natural Resource Trustee <br />Enclosed you will find the Division of Minerals and Geology's Proposed Decision for Technical Revision <br />No. 48 at the New Elk Mine. Notice of the proposed decision will be published in the The Chronicle -News <br />as soon as possible. The first publication will initiate the ten (10) day public comment period for the <br />Division's decision. <br />Please refer to the Performance Bond heading on the enclosed proposed decision form. If the amount of <br />Bond Held equals or exceeds the Revised Liability, you need not submit additional bond. However, if the <br />Revised Liability exceeds the Bond Held, please submit additional bond or rider to your existing bond that <br />equals or exceeds the Revised Liability. This Technical Revision must not be implemented until this <br />proposed decision becomes final and until any required increase in bond is submitted to and approved by the <br />Division. <br />If you have any questions, please contact me. <br />Sincerely, <br />Kent A. Gorham <br />Environmental Protection Specialist <br />KAG/Jrc <br />Enclosure <br />C-TR-OS C1981012 KAG 20060320 23d36 PM <br />Office of Office of Colorado <br />Mined land Reclamation Active and Inactive Mines Geological Survey <br />