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5- Assumptions <br />ASSUMPTIONS and PROCEDURES <br />CRIPPLE CREEK & VICTOR (CC &V) GOLD MINING COMPANY MINE LIFE EXTENSION 2 (MLE2) <br />RECLAMATION COST ESTIMATE <br />(Warranty Revisions of March 2014 by MDE) <br />10 The costs are based on information obtained from Wagner Equipment (rental rates), Means Construction Estimating manual, <br />Colorado Dept. of Labor Statistics, and Escalated Cost data from the US Commerce websites. Other site - specific costs have been <br />provided by suppliers to CCV and /or historical experience. <br />19 Contractor Performance Bond - Included at 1% per DRMS requirements. <br />20 Contractors Overhead and Profit - Included at 5% per DRMS requirements. <br />21 Public Liability Costs - Included at 1.55% per DRMS requirements. <br />22 Contingency - A contingency allowance of 10 percent is believed to be adequate and appropriate for this estimate. That's because <br />the substantial percentage of costs are attributable to Earthwork and Growth Media placement. The calculation of those <br />quantities is relatively fixed for growth media (disturbed area times average depth), and the quantities of Earthwork have been <br />calculated in a conservative manner such that the quantities are not likely to be exceeded by significant amounts. <br />23 DRMS Management Fee- Included at 5.0% per DRMS requirements <br />