2014-10-21_REVISION - M1988044 (5)

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TR-07: Reclamation Costs Calculations - Coal Creek Resources Permit M-1988-044 Operator: Schmidt Construction Company Calculation Date: October 20,2014 Reclamation Cost Per Acre of Affected Land Calculation (from July 2012 calculations): Current bond $352,530.82 Current bonded acreage 155 Mean cost per acre $2,274.39 Amount/Acre for maximum disturbance areas $2,274.39 Inflation factor since last bond adjustment 2% New Additional Amount/Acre $45.49 New TOTAL Amount/Acre $2,319.88 Note:The fundamental operation characteristics have not changed since 2012. Therefore,starting with the amount per acre used in those calculations is appropriate.The mining and reclamation plans have not chaged; only the acreages have changed. What the Amount Per Acre Includes: In accordance with the existing Exhibit L in the permit,this amount includes- 1.Actual Reclamation Costs 2. Contractor MOB/DEMOB at 8.0% 3. Overhead at 18.5% 4.Administrative costs at 5% Because the original bond calculations were based on these inclusions, no additional amounts need to be added, unless the additional amounts added to bonds have been changed from those stated above. Calculation of acreage to be bonded with Technical Revision 7: Affected land to be bonded at maximum per acre amount 82.8 acres Some stage of reclamation but not ready for release 27.8 acres Total acreage to be bonded 110.6 acres =to be bonded currently Reclamation Cost Calculation for Current Affected Land acres $/Acre Mining+unfinished reclamation+future affected land 82.8 $2,319.88 $192,086.08 Reclaimed land in early stages of revegetation 27.8 250 $6,950.00 Total acres 110.6 Bond= $199,036.08 New Recl Cost for New affected land amount $199,036.08 Coal Creek bond acreages for TR07 from"total mining plan acres for bond calc.dwg" sq ft acreage permit area 31272403 715 future mining 1 1682033 38.45734512 future mining strip 179997 4.11538106 total current mining 2526491 57.7647028 pit area 767401 17.54555654 plant area 1467014 33.54123474 connecting road 292076 6.677911512 reclamation 1 1066095 24.37477942 reclamation 2 150622 3.44376254 total acres to bond 110.6104144 total maximum bond 82.79187244 total reclaimed 27.81854196