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EXHIBIT L <br />RECLAMA 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: 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 1 ft. Overburden Soil <br />CY <br />8,712 <br />$1.50 <br />13,068.00 <br />3 <br />Plant Type "A" Seed and Mulch <br />AC <br />2.0 <br />$600.00 <br />1,200.00 <br />4 <br />Plant Type "B" Seed and Mulch <br />AC <br />3.4 <br />$750.00 <br />2,550.00 <br />5 <br />"Biosol" Fertilizer <br />AC <br />5.4 <br />$250.00 <br />1,350.00 <br />Subtotal <br />$20,168.00 <br />6 <br />Indirect Costs <br />LS <br />1,210.00 <br />Subtotal <br />$21,378.00 <br />7 <br />Project Management <br />LS <br />855.00 <br />TOTAL <br />$22,233.00 <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: 380 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 />4,035 <br />$1.50 <br />6,052.50 <br />3 <br />Plant Type "A" Seed and Mulch <br />AC <br />0.3 <br />$600.00 <br />180.00 <br />4 <br />Plant Type "B" Seed and Mulch <br />AC <br />2.2 <br />$750.00 <br />1,650.00 <br />5 <br />`Biosol" Fertilizer <br />AC <br />2.5 <br />$250.00 <br />625.00 <br />Subtotal <br />$10,507.50 <br />6 <br />Indirect Costs <br />LS <br />630.50 <br />Subtotal <br />$11,138.00 <br />7 <br />Project Management <br />LS <br />446.00 <br />TOTAL <br />$11,584.00 <br />Rev. 02/25/10 1 <br />