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EXHIBIT L FECLAP~ATION COST; Financial warranty will be supplied to the Board under 34-32-117(3)(a)(V)(A & B) C.R.S. 1973 Rev. Initially the operator will submit either a corporate surety bond or a certificate of deposit in the amount of $4,700. In compliance with 39-32-117(4)(a ~C b), C.R.S. 1973 Rev. the operator is furnishing the estimated cost of reclamation for each of the first seven years. The number of acres to be disturbed each year may vary considerably; estimates are based on a normal year (neither bust nor boom). Rec l ttOl,Tj,i on ~tEG15.~..lIILLC_~Q~ 13~e.7Leg~t4Sin~_13encb.f91'_ell Per Acre Respreading soil and/or spoil (1 acre x 43560 x 1 ft)/27=1614 yds/ac x $.86/ycl $1,388.00 Seeding 14.2#/ac @ $4.00 56.80 (for south-fucing slopes; north-facing will cost less) Fertilizing 200Y ( $10/1004 (assumed high; actual will depend on soil analysis and amount of chip mulch) Labor for seed broadcasting & fertilizing, 8 hrs/ac @ $13.00/hr Labor, other, 16 man hrs/ac @ $6.50/tir Trees and shrubs, 200 bareroot @ $24.00/100 60 potted @ $19.00/30 TOTAL PER ACRE TO REVEGETATE BENCH AREAS Floor__and_Rga_d area Grading and shaping, 4 hrs C $60.00/hr TOTAL PER ACRE TO GRADE AND SLOPE Reclamat_j.OltSosts (b~ve~rl 32.00 104.00 104.00 48.00 38.00 $1,770.80 $ 240.00 $ 240.00 First Year: Revegetate bench area, 2.32 ac @ $1,770.80=$4,108.26 Floor and road area, 2.47 ac @ $240.00 = 592.80 TOTAL BOTID, FIRST YEAP. $4,701.06 Second Year: Revegetate bench area, 1.16 ac @ $1,770.80=$2,054.13 Floor and road area, 1.23 ac @ $240.00 = 295.20 $2,349.33 Carry forward from first year: 4,701.06 TOTAL L'CIvT,, liF.CO1~ i'EAR $7,050.39 Third Year: Revegetate bench area, 1.16 ac C $1,770.F•0=$2,054.13 Floor and road area, 1.24 ac @ 5240.00 = 297.60 $2,351.73 Carry forward from second year: 7,050.39 TOTAL BOND, THIRD YEAR $9,402.12 37