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Table 1 <br />Reclamation Cost Estimate <br />Mayday Mine and Mill Site, Mayday, CO <br />Date Prepared: 1/26/2010 <br />Site: Idaho Mine, Mill Site and Access Road <br />County: La Plata County <br />Prepared By: RZ-GMLR <br /> MINE SITE RECLAMATION <br />Direct Costs <br />Task Description Unit Rate # of Units Task Hours Costs <br />Portal Collapse - #1, #2, Lamb Hour $110 12 $1,320 <br />Demolition - Water Storage Tanks Hour $110 4 $440 <br />Demolition - Mill Hour $110 4 $440 <br />Demolition - Storage Shed Hour $110 1 $110 <br />Demolition - Crusher Hour $110 2 $220 <br />Demolition Classifier Hour $110 2 $220 <br />Grading-Sedimentation Pond") Hour $110 2 $220 <br />Grading - Bench and Portals (2) Hour $110 20 $2,200 <br />Grading-#2 Portal Road Hour $150 6 $900 <br />Tilling/Acre acre $90 4.5 $405 <br />Seed Mix acre $150 4.5 $675 <br />Revegetate acre $200 4.5 $900 <br />Mulch including application acre $1,500 4.5 $6,750 <br />Amendments (Not Required) acre $0 5.0 $0 <br />Weed Control acre $150 4.5 $675 <br />Rip Compacted Area Hour $150 4.0 $600 <br />Mob/Demob Lump Sum $2,000 1.0 $2,000 <br /> Mine Area Sub Total Direct $18,075 <br />Total Direct Costs $18,075 <br />Indirect Costs <br />Task Description Unit Rate # of Units Task Hours Costs <br />Liability Insurance 2.02 % of Direct $365 <br />Performance Bond 1.05 % of Direct $190 <br />Superintendent hour $40 80 $3,200 <br />Profit 10 % of Direct $1,808 <br /> Total Operating & Profit $5,562 <br />Idaho Mine and Mill Site Reclamation Contract Amount (Total Direct + O&P) $23,637 <br />Notes: <br />11) Estimated 700 cu yd <br />(2) Estimated 11,100 cu yds