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Exhibit L <br />Reclamation Costs <br />Potts Pit #2 <br />We estimate the Reclamation Costs to be approximately $2,100.00 per acre. This includes <br />seedbed preparation, seeding and mulching. We will need a Financial Warranty (Letter of Credit) <br />for 17 acres for Phase 1. As each area is mined and we proceed to the next phase, we will submit <br />additional Financial Warranty to cover the next phase. <br />~~~~~~~® <br />FEB 0 t 2006 <br />Division of Minerals and Geatogy <br />