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J&T Consulting, Inc. Journey Ventures, LI <br />Kersey Gravel <br />3/18/2( <br />Bond Quantities and Costs <br />07113 Journey Ventures Pit Rec Bond Calcs <br />Phase 6 (3.18 acres) <br />lReclamation Operation Quantity Unit Unit Cost Cost <br />Active Mining Area <br />Credit for Slurry Wall Required to Close Phases 3-5 (4,979) If $ 310.00 $ (1,543,444) <br />Slurry Wall Required to Close Phases 3-6 5,628 If $ 310.00 $ 1,744,627 <br />Credit for Overburden Placement Required to Close Phase 3-5 (147,526) cy $ 2.25 $ (331,933) <br />Overburden Placement Required to Close Phase 3-6 166,756 cy $ 2.25 $ 375,200 <br />Dewatering Req'd for Phase 6 Area 81.56 Mil. Gal. $ 400.00 $ 32,624 <br /> Total Di rect Cost $ 277,074 <br />Overhead and Profit Cost (12.60%) $ 34,911 <br />Contract Cost $ 311,986 <br />Project Management (9.25%) $ 28,859 <br />Additional Financial Warrant Required For Phase 6 $ 340,84, <br />Cummulative Financial Warran Required For Phases 1-6 $ 2,806,283 <br />Phase 7 (6.54 acres) <br />Reclamation Operation Quantity Unit Unit Cost Cost <br />Active Mining Area <br />Credit for Slurry Wall Required to Close Phases 3-6 (5,628) If $ 310.00 $ (1,744,627) <br />Slurry Wall Required to Close Phases 3-7 6,226 If $ 310.00 $ 1,929,939 <br />Credit for Overburden Placement Required to Close Phase 3-6 (166,756) cy $ 2.25 $ (375,200) <br />Overburden Placement Required to Close Phase 3-7 184,474 cy $ 2.25 $ 415,067 <br />Dewatering Req'd for Phase 7 Area 129.08 Mil. Gal. $ 400.00 $ 51,632 <br /> Total Di rect Cost $ 276,810 <br />Overhead and Profit Cost (12.60%) $ 34,878 <br />Contract Cost $ 311,689 <br />Project Management (9.25%) $ 28,831 <br />Additional Financial Warrant Required For Phase 7 $ 340,520 <br />Cummulative Financial Warranty Required For Phases 1-7 $ 3,146,803 <br />Phase 8 (19.07 acres) <br />Reclamation Operation Quantity Unit Unit Cost Cost <br />Active Mining Area <br />Credit for Slurry Wall Required to Close Phases 3-7 (6,226) If $ 310.00 $ (1,929,939) <br />Slurry Wall Required to Close Phases 3-8 7,640 If $ 310.00 $ 2,368,400 <br />Credit for Overburden Placement Required to Close Phase 3-7 (184,474) cy $ 2.25 $ (415,067) <br />Overburden Placement Required to Close Phase 3-8 226,370 cy $ 2.25 $ 509,333 <br />Dewatering Req'd for Phase 8 Area 233.53 Mil. Gal. $ 400.00 $ 93,412 <br /> Total Di rect Cost $ 626,140 <br />Overhead and Profit Cost (12.60%) $ 78,894 <br />Contract Cost $ 705,033 <br />Project Management (9.25%) $ 65,216 <br />For Phase <br />Cummulative Financial Warrantv Required For Phases 1-8 $ 3,917,051 1 <br />4 of 6