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EXHIBIT L <br /> Reclamation Cost <br /> A phased and cumulative bonding approach is proposed for the DPG Mining site operation. The <br /> financial warranty required for each phase is the warranty required to completely reclaim that <br /> phase. <br /> The financial warranty required for each phase of mining includes a cost component for the <br /> slurry wall liner required to close the current mined area should project be stopped and the <br /> operator defaulted. Because the slurry wall liner required to close the current mined area for <br /> each phase of mining is replaced with a new slurry wall liner required to close the current mined <br /> area component as the next phase of mining occurs, the financial warranty required for this <br /> component for the previous phase is credited back in each phase's required financial warranty <br /> calculation. This accurately calculates the additional financial warranty required for any given <br /> phase of mining and for the current limit of disturbance as well as accounting for the financial <br /> warranty that has already been posted to ensure that the Division has sufficient cumulative <br /> financial warranty to complete the reclamation. <br /> Direct costs related to the construction of the reclamation components that have been included <br /> in the financial warranty calculations include: Scarifying disturbed ground surfaces, re-applying <br /> topsoil over disturbed areas, revegetating disturbed areas, dewatering the full pit, slurry wall <br /> liner construction, and contractor mobilization. The slurry wall liner construction costs have been <br /> broken down further to include costs for different depths to bedrock as provided from the DRMS <br /> on previous 112 applications. <br /> Overhead, profit, and project management costs were then calculated and added to the direct <br /> construction costs to arrive at the required financial warranty for each phase. <br /> As each new phase is started, the financial warranty for that phase will be posted with the <br /> Division. When a phase has been reclaimed, inspected, and accepted by the Division, the <br /> associated financial warranty for that phase can then be reduced/released to 20% of the <br /> financial warranty required for that phase. <br /> Please see the attached calculations for details of the costs and quantities used to determine <br /> the financial warranty required for each phase of mining. <br /> We have calculated the backfill costs for the bonding of Phases 1 & 3, however J-2 Contracting <br /> Company is proposing to have DPG Farms, LLC pledge their Patterson Ditch shares to the <br /> mine permit for use in augmenting for the groundwater depletions should the backfill not be <br /> completed for Phases 1 & 3. In addition to the shares an additional $150,000 is proposed to be <br /> bonded for to cover the administration costs (water rights engineering and attorney fees) for <br /> changing the shares to augmentation uses from irrigation through the Division of Water <br /> Resources and Colorado Water Court. If this is acceptable DPG Farms, LLC will provide an <br /> affidavit for approval from the Division of Water Resources dedicating the Patterson Ditch <br /> shares to the mine. This combination of water shares and bonding will only be valid for Phases <br /> 1 & 3 of the mining. Additional Phases will require bonding for the slurry wall construction and <br /> water shares will be turned back over to DPG Farms, LLC once Phases 1 & 3 have been <br /> backfilled. <br /> - JET Consulting,Inc. J-2 Contracting Company DPG Pit <br /> DRMS 112 Permit Application <br />