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EXHIBIT L <br />RECLAMATION COSTS <br />Following is an estimate of reclamation costs. Bear in mind that this estimate is based on <br />today's cost and is subject to inflation and economic fluctuations. Changes and revisions as a <br />result of the review process to the accompanying reclamation plan may also affect the total <br />cost. In 2008 the Division of Reclamation Mining and Safety estimated the total reclamation <br />costs for Phase I to be: $19,969.00. <br />Moores Pit, Phase II <br />Equipment: Dozer Avg. Push Grade: 17% Avg. Push Distance: 60 ft <br />Avg. Haul Grade: 3% Avg. Haul Distance: 500 ft <br />ITEM <br />DESCRIPTION <br />UNIT <br />QUAN. <br />UNIT <br />PRICE <br />TOTAL <br />1 <br />Mobilization <50 mi. <br />EA <br />2 <br />$1,000.00 <br />$2,000.00 <br />2 <br />Place 2 ft. Overburden Soil <br />CY <br />45,173 <br />$1.50 <br />67,760.00 <br />3 <br />Plant Type "A" Seed and Mulch <br />AC <br />8.3 <br />$600.00 <br />4,980.00 <br />4 <br />Plant Type "B" Seed and Mulch <br />AC <br />5.0 <br />$750.00 <br />3,750.00 <br />5 <br />"Biosol" Fertilizer <br />AC <br />13.3 <br />$250.00 <br />3,325.00 <br />Subtotal <br />$81,815.00 <br />6 <br />Indirect Costs <br />LS <br />4,075.00 <br />Subtotal <br />$85,890.00 <br />7 <br />Project Management <br />LS <br />3,435.00 <br />TOTAL <br />$89,325.00 <br />Moores Pit, Phase III <br />Equipment: Dozer Avg. Push Grade: 17% Avg. Push Distance: 60 ft <br />Avg. Haul Grade: 3% Avg. Haul Distance:, 350 ft <br />ITEM <br />DESCRIPTION <br />UNIT <br />QUAN. <br />UNIT <br />PRICE <br />TOTAL <br />1 <br />Mobilization <50 mi. <br />EA <br />2 <br />$1,000.00 <br />$2,000.00 <br />2 <br />Place 2 ft. Overburden Soil <br />CY <br />21,194 <br />$1.50 <br />32,910.00 <br />3 <br />Plant Type "A" Seed and Mulch <br />AC <br />2.9 <br />$600.00 <br />1,740.00 <br />4 <br />Plant Type "B" Seed and Mulch <br />AC <br />3.9 <br />$750.00 <br />2,925.00 <br />5 <br />"Biosol" Fertilizer <br />AC <br />6.8 <br />$250.00 <br />1,700.00 <br />Subtotal <br />$41,275.00 <br />6 <br />Indirect Costs <br />LS <br />2,064.00 <br />Subtotal <br />$43,339.00 <br />7 <br />Project Management <br />LS <br />1,734.00 <br />TOTAL <br />$45,073.00 <br />