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<br />EXHIBIT "B" <br />Year Annual minimum Maximum number of <br /> Royalty Payment tons to be mined for <br /> minimum royalty <br />1 $6,000.00 2000 <br />2 6,000.00 2000 <br />3 6,000.00 2000 <br />4 15,000.00 5000 <br />5 16,000.00 5200 <br />6 18,000.00 5400 <br />7 19,000.00 5600 <br />8 21,000.00 5800 <br />9 z3,ooo.o0 6000 <br />10 25,000.00 6300 <br />11 27,000.00 6600 <br />12 30,000.00 6800 <br />13 32,000.00 7100 <br />14 _ 35,000.00 7400 <br />15 39,000.00 7700 <br />16 42,000.00 8000 <br />17 46,000.00 8300 <br />18 50,000.00 8600 <br />19 55,000.00 9000 <br />20 60,000.00 9300 <br />21 65,000.00 9700 <br />22 70,000.00 10,000 <br />23 77,000.00 10,500 <br />24 84,000.00 11,000 <br />25 92,000.00 11,400 <br />26 100,000.00 12,000 <br />27 109,000.00 12,300 <br />28 119,000.00 13,000 <br />29 130,000.00 13,300 <br />30 141,000.00 14,000 <br />Royalty per ton for ore <br />mined exceeding maximum <br />allowance for minimum royalty <br />ton amountlton <br />2001 $2.50 <br />3001 2.38 <br />4001 2.25 <br />5001 2.13 <br />7001 2.00 % <br />10001 1.88 <br />15001 1.75 <br />20001 1.63 /L ~ <br />30001 1.50 ! <br />40001 1.38 <br />60001 1.25 <br />80001 1.13 <br />10,0001 1.00 <br />