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did not prejudice the defendants. See Denver Center for <br /> Performing Arts v Briggs supra Cf . Manor Vail Condominium <br /> Assn v. Town of Vail, 199 Colo. 62 , 604 P.2d 1168 (1980) <br /> (Estoppel justified where the plaintiff delayed cause of action <br /> for six years and such delay resulted in prejudice to the <br /> defendant) . <br /> b. There was no reasonable reliance by <br /> defendants. <br /> For estoppel to apply, the record must establish that the <br /> claimant reasonably relied on a representation or conduct of the <br /> party against whom estoppel is asserted. This element was not <br /> met in this case . <br /> For the reasons cited above, any reliance by the defendants <br /> on the cost estimate to constitute a final determination of the <br /> reclamation costs was not reasonable or justifiable. As stated <br /> above, the applicable regulations, of which the defendants are <br /> charged with knowledge, contemplated changes to the cost <br /> estimate . The Division' s statements concerning the bond amount <br /> were good faith estimates . There was no representation by the <br /> Division that the ultimate cost of reclamation would remain at $3 <br /> million. Any reliance or belief by the defendants that the cost <br /> estimate was the final tally on reclamation costs was, therefore, <br /> unreasonable. <br /> Moreover, the defendants were on notice months before trial <br /> that the cost would exceed $3 million. Thus, the defendants came <br /> 19 <br />