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Exhibit 11 3 <br />Page 2 <br />• <br />The estimate amount of escavation (by others) is approximate- <br />ly 5,400 cubic yards. (Truck Dump) <br />The Budget Estimate for the 42" Short Conveyor - High Profile <br />is Two Million One Hundred Thousand Dollars ($2,100,000.00). <br />If the Long Conveyor is installed, deduct Three Hundred Sixty <br />housand Dollars ($360,000.00) for the Truck Dump and approx- <br />imately 500 feet of conveyor. (Short Conveyor) <br />C~ <br /> <br />