Form 8401 - Wyoming Annual Gross Products Report For Bentonite Page 2

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(REV. 02/08/10)

INSTRUCTIONS TO COMPLETE FORM 8401

BENTONITE

Line 2: Enter the private royalty expense incurred during the reporting period.

Line 3: Enter the result of dividing line 2 by line 1, rounded to 6 decimal places (for example, 5.123456).

Lines 4a and 4b: Enter the production tax expense incurred from each category during the reporting period.

Line 4: Enter the sum of the production taxes reported on lines 4a and 4b.

Line 5: Enter the result of dividing line 4 by line 1, rounded to 6 decimal places (for example, 5.123456).

Line 6: Enter the total direct mining costs reported on line 14 of the MINING cost column of Schedule A (Form 8451).

Line 7: Enter the direct in-mine transportation costs reported on line 19 of Schedule A (Form 8451).

Line 8: Enter the sum of line 6 and line 7.

Line 9: Enter the result of dividing line 8 by line 1, rounded to 6 decimal places (for example, 5.123456).

Line 10: Enter the current year add-on factor reported on line 46 of Schedule A (Form 8452), rounded to 6 decimal places (for example, .123456).

Line 11: Enter the result of multiplying line 9 by line 10, rounded to 6 decimal places (for example, 5.123456). If the result is negative, enter 0.

Line 12: Enter the sum of line 3, line 5, line 9, and line 11, rounded to 6 decimal places (for example, 5.123456).

Line 13: Enter the total tons of bentonite mined during the reporting period. Report the tons mined in wet tons. Exclude those wet tons of bentonite

which were mined during the reporting period and sold at the mouth of the mine without further movement or processing. Bentonite which was mined

during the reporting period and sold at the mouth of the mine should be reported on Form 8701.

Line 14: Enter the result of multiplying line 12 by line 13.

Production and Taxable Value Summary:

Line 15: Enter the total tons of bentonite mined during the reporting period that were sold at the mouth of the mine, as reported on line 4 of Form 8701.

Report the tons mined in wet tons. Enter the taxable value of production sold at the mouth of the mine, as reported on line 7 of Form 8701. If you are

reporting that you sold bentonite at the mouth of the mine during the reporting period, Form 8701 must also be attached.

Line 16: Enter the total wet tons mined during the reporting period, as reported on Line 13. Enter the Taxable Value of bentonite production sold away

from the mouth of the mine, as reported on line 14.

Line 17: Enter the sum of the tons and Taxable Value reported on line 15 and line 16.