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Fourth Year:
<br />Revegetate bench area, 1.16 ac @ $2,770.80=$2,054.13
<br />Floor and road area, 1.23 ee @ $240.00 = 295.20 $2,349.33
<br />Carry forward from third year: 9,402.12
<br />TOTA L BOND , FOL~itTIL YEAF. $1 1 , 7 51 .4 5
<br />Fifth Year:
<br />Revegetate bench area, 1.16 ac @ $2,770.80=$2,054.13
<br />Floor and reed arr;a, 1.24 ac @ $`140.00 = 297.60 $ 2,351.53
<br />Carry forvaare froe; fourth year: 11,751.45
<br />TOTAL BOND, PI]~TI'_ YEAI'. $14,102.58
<br />~i1:th Year:
<br />revegetate bench area, 1.16 ac C p2,770.YC=$2,054.13
<br />Floor and read area, 1.23 ac @ $240.00 = 295.20 $ 2,351.53
<br />Carry forvuard from fifth year: 14,102.98
<br />TOTAL BOND, SIXTH 'tEAR $16,452.31
<br />Seventh Year:
<br />Revegetate bench area, 1.16 ac e $2,770.80=$2,054.13
<br />Floor and road area, 1.24 ec C $240.00 = 297.60 $ 2,351.53
<br />Carry forward tror:, sixth year: 16,452.31
<br />TOTAL BGPTD, SEVENTH YEAP~ $18,803.84
<br />INDIVIDUAL RECLABV~T IOPT FLZ~D
<br />Upon conmeneer;ent of l•~roduction the operator will set up an
<br />Individual Reclar,~ntion F~r.d lI.£.F.). The contributions to this
<br />fund will be based on tonngage production. The operator will
<br />quarterly place amounts in the fund that will be equal to 1 cent
<br />per ton produced during the quarter.
<br />End 1st yr, I.R.F.", 100,000 tons x $.O1 = $ 1,000.00
<br />BOND NOW NEEDED $7,O5U - 1,000 = $ 6,050.00
<br />INCREASE C.S. OR C.D. to $4,700 + $1,350 =$6.OSO.Qj1
<br />End 2nd yr, I.R.F., 500,000 tons x $.O1 = $ 5,000.00
<br />Plus 1st yr balance $5,000 + $1,000 = 6,000.00
<br />BOND PION NEEDED $9,402 - $6,000 = $ 3,402.00
<br />REDUCF. C.S. OR C.P. to $6,050 - $2,650 =~,Q9.Q,.Q4
<br />End 3rd yr; I.L•.F. - 600,000 tons x $.O1 = $ 6,000.00
<br />Plus 2nd yr balance `6,000 + $6,000 = 12;000.00
<br />REDUCE C.S. OF C.P. TO $11751.45 - 12,000 = $ 0.00
<br />RELEASE ALL COI?PCI:ATE SLT.ETY OR C.n. - FROR1 THIS TID1E CN
<br />I.F..F. WILL ilLflAYS EaCEEP WAEF,P.PTTY REQUIP.EMEPST. SUGGEST
<br />TOTAL PrIAXIAlUP.9 P.EQL'IFcED I.F.. F. LtE SFT AT $60,000.00.
<br />'Individual F.eclamation Fund
<br />38
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