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' EXHIBIT L <br />' With regard to establishment of the bond a maximum of 50,000 cubic yards <br />of topsoil will be stored at any one time. Replacement cost for that topsoil <br />' was set at E15,000. <br />Units 1 and 2 should be ready for seeding by the late spring of 1981 with <br />' unit 3 to follow closely thereafter. However, since the seed mixture is a <br />' cold weather one, seeding is not contemplated until October 1981 unless the <br />mixture is changed. By mid 1981 ten acres of unit 4 should have been mined as <br />' well. Seeding of units 1, 2, 3 and the north ten acres of unit 4 will be <br />tentatively scheduled for October of 1981. <br />' Approximately 70 acres will remain for seedbed preparation as mining <br />' moves to unit 4 - a worst case condition - at 5110 per acre or E7,700. Twenty <br />additional acres could remain to be seeded by the fall of 1981 at a cost of <br />' E120 per acre and mulched at a cost of E430 per acre or approximately <br />E49,500. The bond should be appropriately established at about E72,200 until <br />mining units 1, 2 and 3 are seeded and show signs of vegetation establishment. <br /> <br />1 <br />lJ <br />1 <br />1 <br />t <br /> <br />1 <br />