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w <br />s <br />RECLAMATION COST REVISION <br />Revised: March 3, 2011 <br />The following information depicts a worse case scenario when <br />it would be most expensive to reclaim the site not that there is <br />on ground water exposed. It will no longer be necessary to <br />import fill to complete reclamation on the site. Only grading <br />and shaping of the area, resoiling and revegetation will be <br />needed. This is an attempt to set the bond so there is flexibil- <br />ity to operate the mine without reevaluating the bond yearly. <br />This reclamation cost estimate in based on the assumption that <br />there will be no more than 13.68 acres ± needing reclamation at <br />any one time. <br />We used as a source the COST SUMMARY FORM prepared by the <br />Division in 2007 and present it using calculation as laid out on <br />that form. <br />Task Description Direct Cost <br />001- Abandon Drill Holes $1,275.00 <br />002- Spread Topsoil $6,792.00 <br />003- Revegetation $11,148.00 <br />004- Mob/demobe $1,000.00 <br />005- Excavate french drain trench $168.00 <br />1006- Backfill trench $10,810.00 <br />Total Direct costs $31,193.00 <br />Liability insurance @ 2.02% $630.00 <br />Performance bond @ 1.05% $328.00 <br />Job Superintendent 121.09 hrs @ $41.25/hr $4,99S.00 <br />Profit @ 10% $3,119.00 <br />Engineering work @ 4.25% $386.00 <br />Reclamation Management @ 5.0% $454.00 <br />-Total--Indirect-costs <br />Total bond $9,912.00 <br />$41,105.00 <br />Based on this summary analysis we request the bond be <br />reduced from $562,754.00 to $41,100.00.