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., , . , M M <br />J , EXHIBIT L <br />RECLAMATION COSTS <br />The mining of two substances from the same lease but from different <br />areas will change substantially the maximum area disturbed at the <br />moment or greatest disturbance. Reclamation costs are estimated <br />assuming that (1) the greatest area of disturbance that will exist <br />during the life of the mine is 45.00 acres ±, (2) no more than <br />30.00 acres ± will need to be resoiled at any given time, (3) no <br />more than 24,200 cubic yards of topsoil will need to be spread, (4) <br />no more than 30.00 acres will need to be reseeded and (5) the side <br />sloping will be done as mining progresses. <br />Estimated costs for reclamation items are outlined below: <br />Grass seed mix, 14.10 lbs./ac.@ $10.25/lb. <br />Fertilizer mix, 200 lbs. @ $16/100# <br />Labor for seed drilling and fertilizing-- <br />8 hrs/ac @ $13/hr <br />Labor, other--16 man hrs @ $6.50/hr <br />TOTAL PLANTING COSTS PER ACRE <br />Discing, 2 hrs/ac @ $50/hr <br />Respreading soil, maximum haul less than <br />500 ft (1 ac x 43560 x 10 in./12 in.)/27 = <br />1344 cy/ac x $.60/cy <br />Grading and shaping 4 hrs./ac. @ $60/ac <br />RECLAMATION COSTS <br />$ 144.53 <br />32.00 <br />104.00 <br />104.00 <br />$ 384.53 <br />100.00/A~ <br />806.40 <br />240.00 <br />Respreading soil, 30.00 ac @ $806.40 $ 24,192.00 <br />Revegetation, 30.00 ac @ $384.53 11,535.90 <br />Grading and shaping, 10.00 ac @ $240.00 2,400.00 <br />Discing, 30.00 ac @ $100/ac 3,000.00 <br />TOTAL $ 41,127.90 <br />SUGGEST BOND BE SET AT $ 41,000 <br />27 (revised) <br />