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Exhibit L - Reclamation Costs <br /> The following reclamation cost estimate is based on reclaiming the whole 27 <br /> acres at one time when mining is complete.As stated in the mining plan the shaping and <br /> sloping of the site will be done during the mining process,thus not requiring any cuts or <br /> fills needing to be done.Topsoil will be placed using a 25-30 yard scraper at the designed <br /> depth of 6".The area will then be seeded with the approved seed mix being drilled <br /> and mulched as required.As stated no irrigation or fertilizer is anticipated to be used during <br /> the process.The revegetation cost figure used includes approved ssed mix, mulch, labor, <br /> drilling costs and mobilization from Greeley.A blade will be used to do the final grading <br /> both before and after topsoil placement. <br /> VOLUMES/AREAS <br /> > 27 acres to be reclaimed. <br /> > 21,600 cubic yards of topsoil to be placed at a depth of 6"over the 27 acres. <br /> ESTIMATED UNIT COSTS <br /> > Revegetation including all of the above mentioned items $600.00 per acre <br /> > Topsoil placement with scraper $1.10 per cu yd <br /> > Mobilization from Greeley per trip $450.00 per trip <br /> > Blade per hour $125.00 Per hour <br /> RECLAMATION COSTS <br /> > Topsoil placement-21,600 cu yds @ $1.10/cu yd $23,760.00 <br /> > Revegetation @ $600/acre for 27 acres $16,200.00 <br /> > Secondary revegetation of 9 acres @ $600 per acre $5,400.00 <br /> > Mobilization-four trips from Greeley and return with $1,800.00 <br /> scraper and blade. <br /> > 50 hours blade time. $6,250.00 <br /> SUB-TOTAL $53,410.00 <br /> > Insurance, Bond, Management& Profit $6,409.20 <br /> > Administration Costs $2,670.50 <br /> SUB-TOTAL $9,079.70 <br /> TOTAL $62,489.70 <br /> Recommended Bond Amout $62,500.00 <br /> Current Bond Amount $30,100.00 <br /> Additional Amount Required $32,400.00 <br />