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URAVAN-BECK PROJECT DRILL SITE P-4 <br />NOTICE OF INTENT TO COMMENCE PROSPECTING <br />APPENDICES TO NOI APPLICATION <br />Page 6 of 7 <br />Yellowcake Surety Calculations <br />17 Management <br /> <br />18 0 <br />Project Profit and Oversight (20%) <br />$ 1,806.84 <br />19 EXTENDED TOTAL $ 10,841.04 <br />20 Contingency 10% $ 1,084.10 <br />21 TOTAL $ 11,925.14 <br />22 ROUNDED TOTAL $12,000.00 <br /> Source;lnformation by Line number ; <br />Line Cost Source <br />1 Mobilization/Demobilization refers to the cost to transport equipment to and from Moab (80 miles one <br /> way). <br />2 RSMeans Heavy Construction Data 2008. Line Number 01 54 36.50 -- includes 75 mile additional haul <br /> distance. <br />3 Subtotal of Mob/Demob costs. <br /> Operation includes costs of re-grading all disturbance (well pads, trails associated with drill site), <br />4 respreading topsoil, seeding with ATV-mounted broadcast seeder, trash pick-up and removal, and all other <br /> clean-up and reclamation tasks. <br /> Regrading: Wyo. DEQ Land Quality Division - Bonding Guideline 12 (GL 12), updated 10/2006 (newest <br />5 version), Table D-1. Operating Costs for 5 1/4 yd3FELw/o operator. Assumes production rate of 95 CY/hr <br /> Means 2008 31 23 16.42 1350). <br />6 Broadcast seeding: Wyo. DEQ Land Quality Division - Typical surety cost estimates used in that state for <br /> reclamation broadcast seeding using ATV seeding methods, 2006. <br />7 Hole Plugging: Use existing drill cuttings & manual labor to backfill the hole, and installation of a cement plug <br /> from 5' to 2' depth using neat cement and a grout pump and tremie line. <br />8 Subtotal of Operation Costs. <br />9 Supplies includes the cost of supplies needed to reclaim the site, including grout pump and cement to plug <br /> drill holes left open, seed for reclamation, and water for all reclamation tasks including cement mixing. <br /> ATV: Web quote, Cliffhanger ATV Rentals, Moab. Costs range from $129 - $179 per 24 hr. Used higher <br />10 figure to include rental cost of trailer with seeder, harrow. Work takes - 2 hr, but equip rented for 1 day. <br /> Available at www.cliffhangerjeeprental.com. rentals.htm1, May 2008. <br />11 Grout Pump: Web quote, nu way Rents. Used price for mini grout pump w/ mixer. Prices from Illinois. <br /> Available at www.nuwayinc.com/rentalpages/rntcnceqp.htm, May 2008. <br /> Neat Cement: North Dakota State University, 2007. A guide to plugging abandoned wells, with costs for <br />12 materials including neat cement and bentonite chips. Available at <br /> www/ag.ndsu.edu/pubs/h2ogual/watgrnd/ae996w.htm, April 2008. <br />13 Seed: Average cost of reclamation seed mixes as quoted from Granite Seed, March-April 2008. <br />14 Water: Montrose County Clerk's office, West End office, price quote for bulk (non-potable) water, May 2008. <br />15 Subtotal of Supplies. <br />16 Total of Mob/Demob, Operations, and Supplies.