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RECAP OF CONVERSATION 12/20/05 <br />AMERICAN SHIELD/FRUITA MINE BOND FORFEITURE C81 -015 <br />Mobilization /demob — CAT 315L excavator w /thumb and <br />$ 900.00 <br />welding truck <br />Labor - pull existing headgate, cut `V' notch into standpipe <br />$ 715.00 <br />w/base at -36" from top, cover notch with grating, seal welded <br />area w/ non -shrink grout - 2 @ $25/hr X 10 hours plus operating <br />cost 43% ($215) <br />Materials — grating, non -shrink grout <br />$ 100.00 <br />Machine time — CAT 315L excavator w /thumb - excavate <br />$ 675.00 <br />spillway to be positioned 12" higher than the top of the `V' notch, <br />place rock at spillway base — 5 hours @ $135/hour <br />Overhead /profit —16.9% of $ 2,390 <br />$ 404.00 <br />TOTAL <br />$ 2,794.00 <br />