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POINT II <br />Reclamation of the Powderhorn Site Enhances the Value of <br />the Lenders' Real Estate Collateral; Therefore, the <br />Reclamation Costs Prime the Lenders' Lien Pursuant to § 506(c) <br />If the proceeds of the sale of the Machinery and <br />Equipment are devoted to reclamation and environmental <br />remediation, the Debtor Powderhorn's site in Colorado may be <br />successfully reclaimed and, thereby, rendered salable. At the <br />very least, use of the Machinery and Equipment Proceeds to <br />reclaim the Powderhorn site and abate the environmental <br />hazards there will enhance the value of the site and increase <br />the value of the Lenders' real estate collateral. Once <br />reclamation is complete, using the Machinery and Equipment <br />proceeds, the Debtor Powderhorn can sell the real estate under <br />§ 363 and remit the net proceeds to the Lenders, or the <br />Lenders can obtain relief from stay under 11 U.S.C. <br />§ 363(d)(2) and foreclose on the reclaimed real estate. <br />The costs of reclaim the Powderhorn site and abate the <br />environmental hazards there should prime the Lenders' lien <br />because those costs constitute "the reasonable, necessary <br />costs and expenses of preserving, or disposing of" the <br />22 <br />