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Phase I bond release amount requested for the mine area is $854,933 based on <br />the following calculations: <br />Mine Summary <br />January, 1987 Technical Revision <br />Facilities Removal $ 49,178 <br />Backfill Pit 548,156 <br />Eliminate Temporary O.B. Stockpile 226,177 <br />Reduce Pit Slopes 60,638 <br />Topsoil Redistribution 382,316 <br />Revegetation 135,129 <br />Subtotal $1,401,594 <br />10% Administrative Costs 140.159 <br />TOTAL $1,541,753 <br />This total includes the bonding cost for reclamation of the 16 acres of the <br />shop/facilities area. A calculation is necessary to delete facilities <br />removal, 16 acres of topsoil replacement and 16 acres of revegetation from the <br />Mine Summary. <br />FACILITIES REMOVAL $49,178 <br />TOPSOIL (Shop/Facilities) <br />330,765 BCY X BCY X = 36,423 BCY <br />145.3 Acres = 16 Acres <br />36.423 BCY 330.765 BCY X = 189.7 Hrs <br />X Hrs = 1723 Hrs <br />189.7 Hrs X $221.89/Hr = $42,092 for topsoil at facilities <br />(Shop/Facilities) <br />16 Acres X $930/Acre = $14,880 for revegetation at facilities <br />Mine Summary <br />Minus Facilities Cost <br />Backfill Pit $ 548,156 <br />Eliminate Temporary O.B. Stockpile 226,177 <br />Reduce Pit Slopes 60,638 <br />Topsoil Redistribution 340,224 <br />Revegetation 120.249 <br />Subtotal $1,295,444 <br />10% Administrative Costs 129,544 <br />TOTAL $1,424,988 ^ <br />60% is $854,993 <br />3370h <br />