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ExN~arr i9 <br />SCHEDULE. MQ-3 ~ <br /> <br />Exploration Bond Summary <br />The following cost estimates are based on similar contract work <br />conducted within the Raton Basin during prior exploration programs. <br />1. Regrade Drill Pads: ////,,~ l\ <br />Total pad disturbance for 20 sites is 76,600 ft2 ~(,Z~X(oZ~J ,rZU <br />Regrade using small dozer - $60/hr. <br />Estimated time is 1 hour per 1000 ft.2 <br />75.6 Hrs. @ $60/hr ....................................$ 4,536 <br />2. Reseed Drill Pads and New Roads <br />a. Drill Sites............ 1.68 Acres <br />b. New roads .............. 6.63 Acres <br />Total 8.31 <br />• <br />8.31 Acres x $250/Acre ..............................$ 2,077 <br />3. Regrade Roads <br />a. New roads ..............24,090 ft. <br />b. Existing roads.........41,500 ft. <br />Total 65,590 ft. <br />65,590 ft. x 1 hr/500 ft. x $60/hr ....................$ 7,870 <br />4. Backfill Mud Pits: Size = 10' x 8' x 6' <br />One pit per site......... 20 <br />Contingency pits......... 3 <br />23 pits x 2.5 hrs./pit x $60/hr ......................$ 3,450 <br />5. Sealing Wet Holes with Drilling Fluids (>200 ft. deep) <br />Assume worst case bottom to top <br />Total footage: 14,220 ft. from Tables 2 and 4-2 <br />Hole Diameter: 6 inches <br />Number of holes: 14 <br />a. Cement grout: (Estimated footage) <br />500 ft. in holes over 700' deep <br />200 ft. in holes less than 700' deep <br />5,000 ft. x $1.05/ft ..................$5,250 <br />800 ft. x $1.05/ft ..................$ 840 <br />• b. Abandonment fluid (Gel_Type) <br />14,220' - 5,800 8,420' <br />8,420' x $0.15/ft ................$1,263 <br />