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EXHIBIT L -Reclamation Costs <br />Cost Estimate for Reclamation <br />The Schumacher Pit #3 is 31.7 acres. <br />1) The area of excavation will be graded and sloped as it is mined. Past experience <br />has shown that mining close to slopes required upon reclamation is the easiest and <br />most affordable method. <br />2) Topsoil will be re-applied to the excavations. <br />3) The slopes will be fertilized with fertilizer or barnyard manure as indicated by soil <br />tests and then seeded with a cover crop. <br />4) After the cover crop is established, the grass will be planted as recommended by <br />the local Natural Resource Conservation Service. The cost units provided include <br />labor and fuel. The cover crop, manuring, and grass seeding cost were obtained <br />from the Natural Resource Conservation Service and have been based on <br />Conservation Reserve Program costs. <br />5) The other unit costs were obtained from a consultation with two local contractors <br />who perform this type of work day in and day out in eastem Colorado. They are <br />both equipped to perform reclamation if Mr. Schumacher were to default on the <br />reclamation plan. <br />6) The estimate, as presented, is realistic for the reclamation of this size pit in eastem <br />Colorado. <br />