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EXHIBIT L - RECLAMATION COSTS <br />As described in Exhibit E - Reclamation Plan, the reclamation will be limited at the owners <br />request - that the general area be left as is for recreational purposes leaving the existing roads and <br />trails. Thus, reclamation will include re-grading the Knob and Pit areas. Thus, reclamation will <br />be limited to reclaiming only about 6.8 acres and after re-contouring the land surface, scarifying <br />and seeding is estimated to cost about $7,480.00, as follows. <br />Scarifying at $350/acre <br />Re-seeding at $350/acre <br />Mulching, if required at $400/acre <br />Total = $1,100/acre x 6.8 acres = $7,480.00 <br />The office and storage facilities will be moved to another mining operation and those costs borne <br />by that mine. Another aspect of reclamation will be breaking up and removing the ore bins at an <br />estimated cost of $2,240.00, as follows. <br />Break up 56 cubic yards of concrete and haul to disposal at $40.00 per cubic yard = $2,400 <br />Reclamation will be concurrent with the exploration and development efforts and complete <br />within six months of termination of mining efforts. In the event that further underground mining <br />is warranted, a major permit revision will be prepared and include revised reclamation costs and <br />timetables. <br />Monogram Mine - November 2008 <br />L - I