Nilefos Minerals Limited:  Phase I: Mining Capital cost  
units cost/unit US$ US$
13.5m3 Hydraulic Shovel  1        3,100,000   3,100,000
777 RD Truck 1        1,040,000   1,040,000
 631 Scraper 1           600,000   600,000
D-9 Dozer 1           829,000   829,000
824 RT Dozer 1           550,000   550,000
16H Grader 1           610,000   610,000
Water Truck 1           100,000   100,000
Fuel/Lube Truck 1           180,000   180,000
Service Truck 1           100,000   100,000
Light Plants 1            20,000   20,000
Pumps 2            25,000   50,000
50kta Gravel Plant 1           350,000   350,000
total technical 7,529,000
Contingency % 15%
Contingency US$ 1,129,350
Total including contingency 8,658,350