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EXHIBIT L <br />RECLAMATION COSTS <br />GUNNISON RIVER GRAVEL PITS <br />Reclamation costs are calculated assuming that two of the pits will be in operation at the <br />same time. Costs will be calculated for Pits #1 and #3. Seeding costs are based on two <br />applications. <br />RECLAMATION COSTS <br />DESCRIPTION UNIT QUANTITY UNIT COST TOTAL COST <br />1. Grading Slopes <br />D-7 Dozer Hrs. 120 $105.00 $12,600.00 <br />2. Place Topsoil CY 1300 $2.50 3,250.00 <br />3. Seeding <br />4.Mobilization <br />Acre 7.4 <br />LS 1 <br />$1550.00 <br />$2,000.00 <br />Subtotal: <br />11,470.00 <br />2,000.00 <br />$29,320.00 <br />3,832.00 <br />5. Bond, Insurance & O/P(13.07%) <br />6. Mineral Program Adm.-5% <br />Total: <br />1.466.00 <br />$34,618.00