2008-11-26_PERMIT FILE - M2008080 (5)

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J&T Consulting, Inc. Journey Ventures, LLC Kersey Gravel Pit 11/24/2008 Reclamation Bond Quantities and Costs tpy/icy © 2008 J&T Ceesdtia IIn& 07113 Journey Ventures Pit Rec Bond Calcs Phase 1 (3.61 acres) Reclamation Operation Quantity Unit Unit Cost Cost Scarifying Topsoil/013 Stockpile Areas in Phase 11 0.32 ac $ 200 $ 64 Topsoil Placement Topsoil/013 Stockpile Areas in Phase 11 0.32 ac $ 1,800 $ 576 Revegetate Topsoil/013 Stockpile Areas in Phase 11 0.32 ac $ 1,000 $ 320 Scarifying Disturbed Area Phase 1 3.61 ac $ 200 $ 722 Topsoil Placement Disturbed Area Phase 1 3.61 ac $ 1,800 $ 6,498 Revegetate Disturbed Area Phase 1 3.61 ac $ 1,000 $ 3,610 Mobilization 1.0 Is $ 2,500 $ 2,500 Total Direct Cost $ 14,290 Overhead and Profit Cost (12.60%) $ 1,801 Contract Cost $ 16,091 Project Management (9.25%) $ 1,488 Total Required Financial Wanan For Phase 1 $ 17,579 Phase 2 (8.65 acres) Reclamation Operation Quantity Unit Unit Cost Cost Scarifying Disturbed Area Phase 2 8.65 ac $ 200 $ 1,730 Topsoil Placement Disturbed Area Phase 2 6.10 ac $ 1,800 $ 10,980 Revegetate Disturbed Area Phase 2 6.10 ac $ 1,000 $ 6,100 Mobilization 1.0 Is $ 2,500 $ 2,500 Total Direct Cost $ 21,310 Overhead and Profit Cost (12.60%) $ 2,685 Contract Cost $ 23,995 Project Management (9.25%) $ 2,220 Additional Financial Warran Required For Phase 1B $ 26,215 Cummulative Financial Warranty Required For Phase 1-2 $ 43,794 Phase S (7.79 acres) Reclamation Operation Quantity Unit Unit Cost Cost Active Mining Area Slurry Wall Required to Close Phase 3 2,344 If $ 310.00 $ 726,755 Scarifying Disturbed Area Phase 3 1.00 ac $ 200 $ 200 Topsoil Placement Disturbed Area Phase 3 1.00 ac $ 1,800 $ 1,800 Revegetate Disturbed Area Phase 3 1.00 ac $ 1,000 $ 1,000 Dewatering Req'd for Phase 3 Area 63.61 Mil. Gal. $ 200.00 $ 12,722 Total Direct Cost $ 742,477 Overhead and Profit Cost (12.60%) $ 93,552 Contract Cost $ 836,029 Project Management (9.25%) $ 77,333 Additional Financial Waffan Required For Phase 3 $ 913,361 Cummulative Financial Warranty Required For Phases 1-3 $ 957,155 2of5 140