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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 C O L O <br />O <br />Phone: (303) 866-3567 [ ON N <br />RECLAMATION <br />FAX: (303) 8322--81810 06 MINING <br /> <br /> SAFETY <br /> <br />September 30, 2007 Bill Ritter, Jr. <br /> r <br />OCT 14 2008 Governor <br /> <br />Mr. Demetrio Valdez Harris D. Sherman <br />Division of Reclamation <br /> <br />Valle Escondido , Executive Director <br />Alining and Safety <br /> <br />P.O. BOX 84 Ronald W. Cattany <br /> <br />Conejos, CO 81129 Division Director <br />Natural Resource Trustee <br />Re: Valdez Gravel Mine, Permit No. M-1991-133, Financial Warranty Increase, Revision No. SI-1 <br />Dear Mr. Valdez: <br />On December 26, 2006 the Division of Reclamation, Mining and Safety increased the current Financial Warranty for this <br />permit to $20,312.00, in accordance with Rule 4.2.1 of the Rules and Regulations. This is an increase of $4,429.00. <br />The Division ordered amendment of the current Financial Warranty, or submittal of a new Financial Warranty reflecting <br />the increase, within 60 days from the date of the original letter. The Division is willing to extend that deadline to within <br />60 days of receipt of this letter. Please submit the required Financial Warranty within the deadline period. Failure to do <br />so will result in a possible violation and eventual revocation of the permit and forfeiture of the current bond. If you wish <br />to submit a different type of Financial Warranty, please contact me such that I may send you the applicable form. <br />Sincerely, <br />K to A. Pickford <br />Environmental Protection Specialist <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines