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maximum production rate of 1,500,000 tons per year, the following timetable is estimated <br />for the remaining eight (one existing, seven new) mining phases: <br /> <br /> <br />Phase Mineable <br />Acreage <br />(acres) <br />Estimated Production <br />(tons) [',-3 <br />Duration 4 <br />(months) <br /> <br />Remarks <br />11 12.4 638,170 5.1 Wet <br />12 10.5 487,803 3.9 Dry <br />13 11.2 266,919 2.1 Dry <br />14 6.9 174,718 1.4 Dry <br />15 16.4 879,602 7.0 Dry <br />16 16.8 1,102,236 8.8 Dry <br />17 6.7 391,631 3.1 Dry <br />18 16.6 1,056,341 8.5 Dry <br />Totals 97.5 4,997,420 39.9 - <br />NOTES: <br />1. Phase 11 production estimated based on assumed average thickness of sand and gravel of <br />approximately 22 ft. <br />2. Phase 12 through 18 production estimated based on drilling 34 geotechnical borings and <br />integration of these data into 3D CAD terrain model. <br />3. Production in tons assumes conversion factor of 1.45 tons/cubic yard. <br />4. Duration in months assumes a maximum production of 1,500,000 tons per year, hence minimum <br />duration) <br />5. Phase 18 comprises the existing plant area not included as a mining phase in the existing permit. <br />It is assumed that all mining operations, and final reclamation grading and <br />seeding, will be accomplished within a two to five year life span given current economic <br />23