PERMFILE44514

• Permit No: C1981013A
• IBM Index Class Name: Permit File
• Doc Date: 7/3/2003
• Section_Exhibit Name: Exhibit 19 Bond Calculation
• Media Type: D
• Archive: Yes

ExN~.6,--r 19
ScHEDu~e MR-36
Exploration Bond Summnrv
The following cost estimates are based on similar contract work
conducted within the Raton Basin during prior exploration programs.
1. Reqrade Drill Pads:
Total pad disturbance for 3 sites is 9,800 ft2 / S~~XS 7 J
Reqrade using small dozer - ;60/hr. -.~
Estimated time is 1 hour per 1000 ft.2
9.8 Hrs. @ ;60/hr ....................................; 588
2. Reseed Drill Pads and New Roads
a. Drill Sites............ 0.24 Acres
b. New roads ............. 0.85 Acres
Total 1.09
6.66 Acres x ;250/Acre ..............................; 1,665
3. Reqrade Roads

a. New roads .. ............3,100 ft.
b. Existing roads........ .5,200 ft.
Total 8,300 ft.
8,300 ft. x 1 hr/500 ft. x ;60/hr ....................;
4. Backfill Mud Pits: Size = 10' x B' x 6'
One pit per site......... 3
Contingency pits......... 1
4 pits x 2.5 hrs./pit x ;60/hr ......................;
5. Sealing Wet Holes with Drilling Fluids (>200 ft. deep)
Assume worst case bottom to top
Total footage: 1,150 ft. from Tables 2 and 4-2
Hole Diameter: 6 inches
Number of holes: 2
a. Cement grout: (Estimated footage)
500 ft. in holes over 700' deep
200 ft. in holes less than 700' deep
1,150 ft, x ;1.05/ft ..................;5,250
996
600
b. Drill rig, water truck, and labor
10 hours x ;125/hr ...............;1,250