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EXHIBIT L RECLAMATION COSTS <br /> Reclamation cost estimates will be calculated based on 13 acres of area (Phase One) of mined land. <br /> Topsoil removal and stockpiling....performed with a D-6 sized bulldozer and 4 cy Front End Loader <br /> Per Acre---43560 cubic feet per acre of soil/27= 1613 cubic yards per acre <br /> D-6 type dozer,typical production rate for short push- 1613 cy/300 yards per hour= 5.4 machine <br /> hours <br /> D-6 Owning and Operating Costs,from Caterpillar 0&0 $75/hour... x 5.4 hours = $405.00 <br /> 966 sized Front End Loader productivity estimate 400 cy/ hour.....1613/400= 4 machine hours <br /> 966 0&0 cost estimates $55.00/hour.............................4 x$55.00 = $220.00 <br /> Total Topsoil Stripping and Transport Cost per acre...................................................... $625.00 <br /> Ripping of pit floor prior to topsoil placement (12" depth), per acre estimate........ $150.00 <br /> Topsoil placement (12") using a 966 FEL @ 400 cy/hour............................................. $220.00 <br /> Seed and Fertilizer Cost Estimate, per acre.................................................................... $200.00 <br /> Mulch including application and crimping cost estimate per acre............................. <br /> $180.00 <br /> Total Reclamation Cost Estimate per acre,South Pit................................................... $1375.00 <br /> Phase One acreage (13 acres) x 1375= $17,875.00 <br /> Administrative Overhead and Margin 23.5% $4201.00 <br /> MobilizationEstimate...................................................................................................... $2500.00 <br /> Total Phase One Reclamation Cost Estimate............................................................... $24,576.00 <br /> 14 <br />