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Banks and Gesso, LLC <br />Exhibit L -Reclamation Costs <br />Estimated reclamation costs are based on the maximum disturbed acreage (80 acres) at <br />any given time, including plant and stockpile areas. We assume, for purposes of <br />assuming worst-case reclamation costs, that augmentation water has not been obtained <br />and reclamation would require backfilling the pit (30 acres) to approximate original grade <br />and grading and topsoiling the plant area (30 acres) and settling pond and stockpile <br />areas (20 acres). <br />Item Cost Total <br />Backfill Pit and Settling Ponds To <br />Approx. Original Grade (30 acres) $ 150,000 <br />Topsoil Replacement (80 acres, 12" <br />inches deep) 129,040 yd3 $0.40 /yd3 $ 51,616 <br />Grading 80 acres $200 /acre $ 16,000 <br />Seeding/Planting 80 acres $400 /acre $ 32,000 <br />Direct Cost $ 249,616 <br />Insurance, Performance Bond and <br />Profit (15%) $ 37,442 <br />Total Cost $ 287,058 <br />St. Barbara Sand and Gravel Mine 03028 <br />Trans Colorado Concrete z7 February 19, 2004 <br />