2009-03-05_PERMIT FILE - M2008080 (4)

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J&T Consulting, Inc. Journey Ventures, LL Famation Kersey Gravel Pit 3/42009 Bond Quantities and Costs tpylcy Conadthm Lie. 07113 Journey Ventures Pit R. Bond Cates Phase 6 (3.18 acres) Reclamation Operation Quantity Unit Unit Cost Cost Active Mining Area Credit for Slurry Wall Required to Close Phases 3-5 (4,979) If $ 310.00 $ (1,543,444) Slurry Wall Required to Close Phases 3-6 5,628 If $ 310.00 $ 1,744,627 Dewatering Req'd for Phase 6 Area 81.56 Mil. Gal. $ 200.00 $ 16,312 Total Direct Cost $ 217,496 Overhead and Profit Cost (12.60%) $ 27,404 Contract Cost $ 244,900 Project Management (9.25%) $ 22,653 Additional Financial Warrant Required For Phase 6 $ 267,554 Cummulative Financial Warranty Required For Phases 1-6 $ 2,272,902 Phase 7 (6.54 acres) Reclamation Operation Quantity Unit Unit Cost Cost Active Mining Area Credit for Slurry Wall Required to Close Phases 3-6 (5,628) If $ 310.00 $ (1,744,627) Slurry Wall Required to Close Phases 3-7 6,226 If $ 310.00 $ 1,929,939 Dewatering Req'd for Phase 7 Area 129.08 Mil. Gal. $ 200.00 $ 25,816 Total Direct Cost $ 211,128 Overhead and Profit Cost (12.60%) $ 26,602 Contract Cost $ 237,730 Project Management (9.25%) $ 21,990 Additional Financial Warrant Required For Phase 7 $ 259,720 Cummulative Financial Warranty Required For Phases 1-7 $ 2,532,622 Phase 6 (19.07 acres) Reclamation Operation Quantity Unit Unit Cost Cost Active Mining Area Credit for Slurry Wall Required to Close Phases 3-7 (6,226) If $ 310.00 $ (1,929,939) Slurry Wall Required to Close Phases 3-8 7,640 If $ 310.00 $ 2,368,400 Dewatering Req'd for Phase 8 Area 233.53 Mil. Gal. $ 200.00 $ 46,706 Total Direct Cost $ 485,167 Overhead and Profit Cost (12.60%) $ 61,131 Contract Cost $ 546,298 Project Management (9.25%) $ 50,533 Additional Financial Warranty Required For Phase 8 $ 596,830 Cummulative Financial Warranty Required For Phases 1-8 $ 3,129,453 4of5