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EXHIBIT L <br />Reclamation Cost Estimate <br />In order to calculate maximum potential reclamation liability to the State, we have determined <br />that the existing state of mining operations (Cell 3 excavation and Cell 4 stripping) will <br />require the maximum reclamation liability. <br />It is important to note that all roads and culverts will remain for the use: of the ranch. In <br />addition, the acceleration and deceleration lanes located in the CDOT right-of-way will <br />remain. Buildings and roads in the ranch headquarters area will also remain as permanent <br />structures. <br /> Item Qty Unit Unit Cost Total Cost <br />A. Stripped overburden and topsoil including the <br /> location of the drag-line and windrow <br /> 1. Remove raw material stockpile dozer into lake, <br /> 200 ft push 3000 T $ 0.75 $ 2,250 <br /> 2. Replace overburden 2ft 500 ft haul, over 20 ac 64000 CY $ 2.00 $ 128,000 <br /> 3. Replace topsoil 6-12in 500 ft haul, over 20 ac 20000 CY $ 2.00 $ 40,000 <br /> 4. Seed and mulch 20 Ac $ 800.00 $ 16,000 <br />B. Topsoil and overburden stockpiles <br /> See item F below for these costs <br />C. Roads to remain <br />D. Field Conveyor <br /> 1. Remove concrete supports 75 Ea $ 15.00 $ 375 <br /> 2. Replace topsoil, 6-12 in over 1 ac 1000 CY $ 2.00 $ 1,250 <br /> 3. Seed and mulch 1 Ac $ 800.00 $ 800 <br />E. Processing Plant Area <br /> 1. Surge pile, remove conveyor and concrete <br /> foundation 1 Ea $ 400.00 $ 400 <br /> 2. Crushers and screens, remove concrete pad 15 CY $ 65.00 $ 975 <br /> 3. Wash plant, remove concrete pad 15 CY $ 65.00 $ 975 <br /> Fill settling pond with dozer 700 CY $ 0.75 $ 525 <br /> 4. Asphalt plant, remove concrete pad 60 CY $ 65.00 $ 3,900 <br /> 5. Concrete plant, remove concrete pad 37 CY $ 65.00 $ 2,405 <br /> 6. Shop, demo and remove 160000 cf $ 0.05 $ 8,000 <br /> 7. Office, remove concrete footings 8 CY $ 615.00 $ 520 <br /> 8. Scale, remove concrete base 10 CY $ 65.00 $ 650 <br /> 9. Berm, cut a portion of the berm and spread as <br /> overburden on site 4500 CY $ 1.25 $ 5,625 <br /> 10. Topsoil, grade at 6-12 in 18000 CY $ 2.00 $ 36,000 <br /> 11. Seed and mulch 24 Ac $ 800.00 $ 19,200 <br />F. Lakeshore final graded with overburden and <br /> topsoil <br /> 1. Replace overburden, 12 in on 4 ac 6450 CY $ 2.00 $ 12,900 <br /> 2. Replace topsoil, 6-12 in 3400 CY $ 2.00 $ 6,800 <br /> 3. Seed and mulch 2 Ac $ 800.00 $ 1,600 <br />G. Lakeshore seeded <br /> 1. Seed and mulch 4 Ac $ 800.00 $ 3,200 <br />Disturbance Costs <br />$ 292,350 <br />1