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• There are approximately 900,000 tons of recoverable coal greater than <br />four feet thick in the "E" seam, which is the uppermost coal seam. It <br />is expected to average about 13,200 Btu per pound, 3.75% ash and .59% <br />sulfur. <br />RENTAL AND ROYALTY: A lease issued as a result of this offering will <br />provide for payment of an annual rental of $3.00 per acre or fraction <br />thereof and a royalty payable to the United States at the rate of 8 <br />percent of the value of coal mined by underground methods. The value of <br />the coal shall be determined in accordance with 30 CFR 211.63. <br />• PUBLIC COMMENTS: The public is invited to submit written comments <br />concerning fair market value of the offered coal reserves to the Bureau <br />of Land Management and the U. S. Geological Survey. Public comments <br />will be reviewed and taken into consideration in the determination of <br />fair market value for the offered lands. Comments should address <br />specific factors related to fair market value including: the quantity <br />and quality of the coal resource, the estimated market value of the <br />coal, the estimated cost of producing the coal, the expected rate of in- <br />dustry return, the appropriate discount rate for use in calculating <br />present value along with probable timing and rate of production, the <br />value of the surface estate, and the mining method or methods which <br />v:ould achieve maximum economic recovery of the coal. Documentation of <br />similar market transactions, including location, terms, and conditions <br />may also be submitted at this time. <br />