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<br /> <br />EXHIBIT L -RECLAMATION COST <br />We have selected the phase of the mining that includes the largest area that will be disturbed at one <br />time to calculate the potential reclamation liability. This will occur during phase 3. <br />Activity Quantity Units Uuit Cost Cost <br />A. Stripped overburden and topsoil- <br />approximately 29 acres of disturbance <br />I. Replace overburden 39,111 CY $.84 $32,853 <br />2. Replace 12" of topsoil 19,555 CY $.84 $16,426 <br />3. Seed and mulch 10 Acres $400 $4,000 <br />B. Road - to remain for future access <br />C. Processing area -equipment is portable and <br />would be removed by the operator <br />I. Remove concrete base for scale 120 CY $65 $7,800 <br />2. Scarify ground 10 Acres $150 $1,500 <br />3. Spread 12"topsoil 16,200 CY $.84 $13,608 <br />4. Seed and mulch 10 Acres $400 $4,000 <br />D. Settling pond <br />1. Place 5' overburden on l acre 8,100 CY $.84 $6,804 <br />2. Place 12" topsoil on I acre 1,620 CY $.84 $1,360 <br />3. Seed and mulch I Acres $400 $400 <br />E. Recharge pond <br />I. Place 10' overburden on 5 acres 16,200 CY $.84 $13,608 <br />2. Place 12" topsoil on 5 acres 8,100 CY $.84 $5,184 <br />3. Seed and mulch 5 Acres $400 $2,000 <br />F. Phase 2 lake shore final grade seed & mulch <br />I. Finished Grading 21,000 CY $.84 $17,640 <br />2. Replace topsoil - 12" on 3 acres 5,000 CY $.84 $4,200 <br />3. Seed and mulch 3 Acres $400 $1,200 <br />G. Silt pond reclamation/wetland creation <br />1. Seed to specified wetland mix. 17 Acres $400 $6,800 <br />H. Plantings <br />1. Plant trees and shrubs 1 LS $60,000 $60,000 <br />I. 20% Slurry wall installation' (per DMG <br />20% bonding requirement) <br />1. Excavation, materials, labor <br />2. Pit dewatering costs 99,245 Face Ft $3.00 $297,735 <br />assumes 10,338 liner feet, average depth 45' times 20% <br />