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• <br />• <br />During a major cost recalculation exercise in 1994, Climax generated a number of cost calculation <br />• spreadsheets. Figure 1 is the worksheet for these 28 ancillary/miscellaneous sites. Presently, it <br />is unknown what type and extent of disturbance, if any, may occur within the proposed <br />additional acreage. Therefore, the additional warranty is premised on a generalized "cost per <br />acre" basis. As per Figure 1, this cost is $2426 per acre. Thus the financial warranty proposed <br />by Climax for this amended additional acreage is calculated as follows: <br />• 1054 acres @ $2426/acre: $2,557,004 <br />• Engineering/Contract Preparation @ 2.5%: $ 63,925 <br />• Overhead/Profit (Incl. Insurances) @ 15%: $ 383,550 <br />• Contingency @ 10%: $ 255,700 <br />• Colorado DMG Administration @ 0.5%: $ 12,785 <br />Grand Total: 53.272.964 <br />• <br />,t <br />9 <br />•