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<br />Table 5.-Cos[ ca use the cemoa rf son area and hl5m ric record <br />e oneep[T .`or _ r,v%.:e radon ~~cess scan da rd Sa sed on cvo <br />e ompa risen ara.as per vu.eca[LOr. cor :unl.y ar.d one year of <br />hose line data m llectlor.. <br />Cox na rl se' area oce¢~a~l NS sto ric to cord oro¢raml <br />Yea r2 Ac:es sco le d' ~9c^ Go 1'_.rs Cos[ At res ;a-t led 1987 Cellars Cost <br />3981 (0,500 S%0,900 10,500 551,100 <br />1982 -0- -0- 10,500 48,100 <br />1983 -0- -0- 10,500 46,100 <br />1984 -0- -o- 10,500 46,100 <br />1985 -p- -0- 10,500 46,100 <br />1986 -0- -0- 10,500 46,100 <br />1987 -p- -0- 10,500 46,100 <br />1986 -0- -0- -0- -0- <br />1989 -0- -0- -D- -0- <br />1990 300 19,300 30G ~ 9,500 <br />1991 ]00 29,300 300 9,500 <br />1992 300 29,300 300 9,500 <br />1993 300 29,300 300 9,500 <br />1994 600 38,800 600 19,000 <br />1995 900 48,300 900 28,500 <br />to <br />2025 <br />(1,497,300)4 <br />(883,500)4 <br />2026 600 38,800 600 19,000 <br />2027 600 38,800 600 19,000 <br />2028 600 38,800 60D 19,000 <br />2029 600 38,800 600 19,000 <br />2030 300 29,300 300 9,500 <br />TOTAL $1,908,700 51,357,700 <br />(Based on actual 1960 baseline ve getatfon survey Costs with 2 compa rtson areas per <br />vege[~[1on type. <br />Assumes that mining operations vlll begin Sn 1984, anJ that baseline ve ge tattoo <br />data wile ctlon begins three years prior [o scar[-up. Schedule [he entire re ve gelation <br />responsl bilf ty period (i. e., the life of the mine (35 yea rsj plus the bonding period <br />(10 yrSa rsl)• <br />Assumes [he operator evaluates each reclaimed area in }ear 5 of 1[s liability <br />period [o determine if success is likely or if remedial ire a[ment may be needed. Areas <br />are evaluated agal^ in years 8 and 9 of [heir lia bi llty periods. <br />the figure within the brackets is [he total. cosC associated vd th [he program <br />from year 10 to year 40, with [he annual tort of the program lmmedia[ely above. <br />E s[ima led Cos [s for cvo years of baseline <br />data and two comparison areas per plant coomun- <br />1ty, vc re 593,200 less than for the historic <br />record baseline data costs (Table 6). 6a~p11ng <br />mats for testing re ve gelation success 1990-?030 <br />were estimated to be $186,250 less for [he <br />compa rl son area approach. 'Che total life of <br />project costs for [he historic record program fn <br />[hie lns[ance vas 593,050 less than for [he com- <br />parison area program. <br />These Chrec comparisons, hove ve r, use <br />constant ]990 dollars. They do not consider the <br />effect of when money !s spent, i.e. [he [f me <br />value of money. Ool lays spc ~[ early 1n the life <br />of a project are more costly because they can't <br />Dc used for alternative Inve st me n[s (Ste raole, <br />1974). In order [o consider this cf me value of <br />money, .the total program casts 1n Tables 4-6 were <br />rotalw laced [o dote calve [he effe c[Ive rate of <br />to turn [hat would result in eG ual net present <br />values for [he costs of the two programs. (Ta blc <br />7). IF [he effe cif vc rate of return Is greater <br />Chan [ha[ resu (Clog in equl valen[ nee present <br />value costs, [he comparison area program is [he <br />leas[ expensive. If the effective ra [e of return <br />is less, [he historic record program is less <br />expensive. <br />These analyses show that [he com pa rl son area <br />program oL,y be less costly in [hc short and long <br />term vi ch low to moderate of Cec[ice ra [es of <br />return. This is because 24S of the life of <br />project costs for a his[orlc record program ve re <br />estimated co occur in the fl rst seven years. In <br />Contrast, even vlth cvo years bas rune data <br />collection and cvo Comparison areas per plant <br />tonmuni~y, only 77: of the total casts occurred Ln <br />the first seven years of [hc compa rf son area <br />program. <br />If use of the hlsto rit record program <br />requt res nonl[o rf ng other pa ra me [e rs, such as <br />soil mols[ure, its cos[ will be even greater. A <br />change In the yea re of bascli ne data con ec[1 on <br />at [he number of comparison areas per plan[ <br />- '] <br />.~_ <br />