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First Bentonite Co. RECCIVL <br /> 215 Teller <br /> ED <br /> Salida, Co. 81201 JUL 19 2001 <br /> 719 539e4693, co/owner, operator Division Of Minerals and Geology <br /> Narrative: 2000/2001 <br /> 2000 was a good production year with moderate increase <br /> in sales. However, the slowing economy at year's end has <br /> reduced sales a small amount in the last quarter. <br /> The balance of the BentonitefCapstone was disposed of for <br /> road base. We have made smaller stockpiles and had a small <br /> movement south on LBC claims. <br /> 2001 to date, has been different with a flurry of orders, <br /> then slow activity and then another pickup of business. <br /> Our grass seed planted in 1998 is still making cover and we <br /> will be making more reclamation in the future. <br /> Sincerly, <br /> P.L. Wedige <br />