Journey Ventures, LLC
<br />1 J&T Consulting, Inc.
<br />Kersey Gravel Pit
<br />11/24/2008
<br />Reclamation Bond Quantities and Costs tpy/jcy
<br />© 2008 JAT Consultia Ise. 07113 Journey Ventures Pit Rec Bond Calcs
<br />Phase 4 (6.67 acres)
<br />Reclamation Operation Quantity Unit Unit Cost Cost
<br />-Active Mining Area
<br />Credit for Slurry Wall Required to Close Phase 3 (2,344) If $ 310.00 $ (726,755)
<br />Slurry Wall Required to Close Phases 3-4 3,592 If $ 310.00 $ 1,113,576
<br />Scarifying Disturbed Area Phase 4 0.53 ac $ 200 $ 106
<br />Topsoil Placement Disturbed Area Phase 4 0.53 ac $ 1,800 $ 954
<br />Revegetate Disturbed Area Phase 4 0.53 ac $ 1,000 $ 530
<br />Dewatering Req'd for Phase 4 Area 72.35 Mil. Gal. $ 200.00 $ 14,470
<br /> Total Di rect Cost $ 402,881
<br />Overhead and Profit Cost (12.60°/x) $ 50,763
<br />Contract Cost $ 453,644
<br />Project Management (9.25%) $ 41,962
<br />Additional Financial Warran Required For Phase 4 $ 495,606
<br />Cummuladve Financial Warranty Required For Phases 1-4 $ 1,452,761
<br />Phase 5 (7.64 acres)
<br />Reclamation Operation Quantity Unit Unit Cost Cost
<br />-Active Minina Area
<br />Credit for Slurry Wall Required to Close Phases 3-4 (3,592) If $ 310.00 $ (1,113,576)
<br />Slurry Wall Required to Close Phases 3-5 5,129 If $ 310.00 $ 1,589,944
<br />Scarifying Disturbed Area Phase 5 0.75 ac $ 200 $ 150
<br />Topsoil Placement Disturbed Area Phase 5 0.75 ac $ 1,800 $ 1,350
<br />Revegetate Disturbed Area Phase 5 0.75 ac $ 1,000 $ 750
<br />Dewatering Req'd for Phase 5 Area 80.78 Mil. Gal. $ 200.00 $ 16,156
<br /> Total Di rect Cost $ 494,774
<br />Overhead and Profit Cost (12.60°/x) $ 62,341
<br />Contract Cost $ 557,115
<br />Project Management (9.25°/x) $ 51,533
<br />Additional Financial Warran Required For Phase 5 $ 608,648
<br />Cummuladve Financial Warranty Required For Phases 1-5 $ 2,061,409
<br />Phase 6 (3.18 acres)
<br />Reclamation Operation Quantity Unit Unit Cost Cost
<br />Active Minina Area
<br />Credit for Slurry Wall Required to Close Phases 3-5 (5,129) If $ 310.00 $ (1,589,944)
<br />Slurry Wall Required to Close Phases 3-6 5,778 if $ 310.00 $ 1,791,127
<br />Dewatering Req'd for Phase 6 Area 81.56 Mil. Gal. $ 200.00 $ 16,312
<br /> Total Direct Cost $ 217,496
<br />Overhead and Profit Cost (12.60%) $ 27,404
<br />Contract Cost $ 244,900
<br />Project Management (9.25%) $ 22,653
<br />Additional Financial Warranty Required For Phase 6 $ 267,554
<br />Cummuladve Financial Warranty Required For Phases 1-6 $ 2,328,963
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