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Munger Canyon Mine C-1981-020 <br />Partial Phase I Bond Release SL -01 <br />PROJECT IDENTIFICATION <br />Date : 23 February 2009 Permit: C-1981-020 Site: Munger Canyon Mine <br />User: JRS State : Colorado <br /> Filename: C020-000 County: Garfield <br />Agency Name: Colorado Division of Reclamation, Mining and Safety <br />Permit Action: Partial Phase I Bond Release SL-01 <br /> <br /> <br /> <br /> INDIRECT COSTS <br /> <br /> Overhead and Profit <br /> Liability Insurance (2.02% of Direct Costs) $2,176 <br /> Performance Bond (1.05% of Direct Costs) $1,131 <br /> Job Superintendent (at $41.25/hour) 254.00 $10,477 <br /> Profit (10.00% of Direct Costs) $10,774 <br /> <br /> Total Overhead and Profit $24,559 <br /> <br /> Contract Amount (Direct Costs + Overhead and Profit) $132,299 <br /> <br /> Legal - En inp eering - Project Management <br /> Engineering Work and Contract/Bid Preparation (4.25% of Contract) $5,623 <br /> Reclamation Management and Administration (6.00% of Contract) $7,938 <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> TOTAL RELEASABLE BOND AMOUNT $145,860 <br /> <br /> <br /> <br /> Total Bond Held (from RN-05) $269,094 <br /> <br /> Percent Released at Full Amount 54.20%1 1 <br />jrs Page 2 2/23/2009