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New Elk Mine C-1981-012 <br />Partial Phase [Bond Release and Reduction SL-02 <br />i• <br />• <br /> <br />Current Liability - TR-48 (Applicable Amount)e $ 3,038,059.00 <br /> <br />SL-02 Bond Reduction Amountb $ 148,141.00 <br /> <br />SL-02 Bond Release -Maximum Releasable Amount` $ 286,352.00 <br /> <br />SL-02 Total Maximum Releasable Amounts $ 434,493.00 <br /> <br />SL-02 Bond Recalculation` $ 2,744,969.00 <br /> <br />New Applicable Amountf $ 2,889,918.00 <br /> <br />Available Bond Releases $ 144,949.00 <br /> <br />Total Bond Reduction and Release Amount" ~ $ 293,090.00 <br /> <br />Phase 1 Bond Release Percentage' S.0% <br /> <br /> <br />a: Current Bond Liability in Old Dollars -February 2005 Estimate <br />b: Bond Reduction -Structures Permitted but not Built in Old Dollars -February 2005 Estimate __ _ __ _ _ <br />c: Maximum Phase 1 Amount -ALL Completed Phase [Work - in Old Dollars -February 2005 Estimate _ <br />d: Bond Reduction Amount + Maximum Phase I Releasable Amount - in Old Dollars -February 2005 Estimate <br />e: Remaining Statutory Liability <br />Pursuant to 3.03.1(3)(d) - in New Dollars -November 2006 Estimate _ <br />_ <br />f: TR-48 Estimate (Old Applicable Amount) -Bond Reduction -Used for Percentages Pursuant to Rule 3.03.1(2) _ <br />Old Dollars -February 20_05 Estimate _ _ _ _ _ _ _ <br />g: New Applicable Amount -Rule 3.03.1(3)(d) Statutory Liability -This Is the Amount the Division Can Release <br />- Old Dollars -February 2005 Estimate <br />h: Bond Reduction + Available Bond Release -This Is the Amount that Will Be Entered on <br />the Coding Fonn <br />_ <br />__ <br />- Old Dollars -February 2005 Estimate -Ensures Rule 3.03.1(3)(d) Statutory Liability Remains <br />_ <br />is Percentage of Phase 1 Bond Release based on Releasing $144,949 of the New Applicable Amount of $2,88 <br />9 <br />,918 _ <br />_ <br />. <br />_ <br />__ <br />- Ensures Rule 3.03.1(2)(a) Ca of 60% is not Exceeded <br /> <br />jrs <br />Page I <br />s~~- <br />11/9/2006 <br />