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-0401, Sss <br />Zo0?-?+ <br />rvi? <br />00rLW/.5-1 6? <br />EXHIBIT L <br />RECLAMATION COSTS ? <br />RECEIVE <br />NOV 2 6 2008 <br />GRAND JUNO'10i. ,cLLJ UFFICE <br />DIVISION OF <br />RECLAMATION MINING & SAFETY <br />The following is an estimate of reclamation costs. Reclamation costs are limited to <br />shaping the site, and re-vegetation based on single acreage. <br />Shaping: (34.13 Acres) <br />Shaping the pit is done with a dozer. It is estimated that a dozer and operator can <br />shape 0.2 acres per hour of reclaimed pit. <br />Mobilization (from Meeker) <br />Equipment cost: $60.00 per hour or $300.00 per acre <br />Labor cost: $30.00 per hour or $150.00 per acre <br />Total Shaping $450.00 per acre <br />TOTAL SHAPING RECLAMATION COST: $15,358.50 <br />Re-vegetation: 2.80 +/- Acres <br />Seed and application <br />$700.00 per acre <br />TOTAL RE-VEGETATION RECLAMATION COST: $1,960.00 <br />TOTAL RECLAMATION COST (APPROXIMATE): $17,318.5