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J <br />999 <br />Snell &Wilmer <br />~.I..e <br />uwor~s <br />L200 Seventeenth Stteet, Suite 1950 <br />Tabor Center <br />Denver, Colorado 80202 <br />(303)634.2000 <br />Fax: (303) 63q-2020 <br />Robert D. Comer (303) 634.2015 <br />Inreme[ rcome~0swlaw.com <br />RECEIVED <br />FEB 0 9 2001 <br />Division of Minerals and Geology <br />February 9, 2001 <br />VIA HAND DELIVERX AND FACSIMILE TRANSMISSION <br />Cheryl A. Linden, Esq. <br />Robert D. Clazk, Esq. <br />Office of the Attorney General <br />Business and Licensing Section <br />1525 Sherman Street, 5th Floor <br />Denver, CO 80203 <br />Re: Second Fortnightly Report, NOV # CV-2000-010 <br />S&W File No. 38283.0001 <br />Dear Cheryl and Bob: <br />^F)+VkR NLOR.IrD <br />nxtt+o~ navnrr.l <br />~LC~+, na¢or+n <br />mvwECVnou~lu <br />SILT LNFQIY,IJrAH <br />Fax: 303-866-3558 <br />Fax: 303-866-5671 <br />This letter constitutes Powderhorn's Second Fortnightly Report pursuant to your letter of <br />January 12, 2001. Powderhom appreciates the continued willingness of the Colorado Division <br />of Minerals and Geology (DMG) and the Colorado Attorney General to allow Powderhom to <br />work towazd resolving the financial assurance issue created by the federal delisting of Frontier <br />Insurance Company ("Frontier"). <br />The report contains three parts as identified in your letter. Part I identifies the efforts <br />taken by Powderhom during the period between January 28 to February 9, 2001, to obtain a <br />replacement bond, including contact information. Part II identifies the steps taken by <br />Powderhom during this period to have Frontier obtain an alternative form of financial assurance. <br />Part III identifies other activities undertaken by Powderhom during this period to resolve this <br />matter. <br />Part I. Efforts To Obtain A New Board <br />In the first fortnightly report, Powderhom reported on conversations with representatives <br />from three brokers to replace the existing Frontier reclamation bonds. In addition to providing <br />the contact information, the status of those contacts is as follows. <br />7792.1 <br />Snell y W ilmrr is a memher of i ex mu~ni. a IeadmA a>s~w,anon o(mJependem law Lrms. <br />