Thunder Mountain Gold Inc (THMG)

[SultanOfStocks]

Ahhh, cant beat that mountain air.

[SultanOfStocks]

Oh how I love the peace and quiet on this board. Makes me feel like im camping out gazing at the stars in the pristine cherry stem of the Frank Church River of No Return Wilderness patiently knowing my payoff will come in time.

[SultanOfStocks]

Those that are patient know a jucier reward awaits here.

[SultanOfStocks]

This is exactly what the late Ron Yanke was patiently waiting for with THMG imho.

[SultanOfStocks]

Keep in mind that THMG has not recieved the money yet but the Trust for Public Land and the United States Forest Service wants this land preserved and they actually paid for the appraisal according to the last 10k. They will now go to the goverment and and private groups to secure the funding for the purchase of this land. This land is a cherry stem within the Frank Church River of No Return Wilderness. They want this land badly and will work out a plan to pay the THMG/Dewey joint partnership $13 million dollars. THMG will eventually receive more in cash per share than the company is actually trading at today. THMG stock closed at .265 on friday with still very few aware whats happned here. The company only released the news on its website. My guess is once its released on the newswires this will see another bump in price.
Many believe the longtime management will pay a dividend to shareholders(themselves included) with the cash they receive. Some say a .20 , .25 or even .50 per share dividend. The questions is whether this management wants to use some of the money to start another project and give the rest as a dividend. My personal opinion is they will not start another project. I feel they have kept the company open and kept it publicly filing with the sole intent to finalize the deal for the land and pay a dividend. Then i think they will sell the shell to another company. Im told this is a very valuable shell and the shell itself is worth .07 per share. We could end up getting a dividend and a new company with some value(maybe significant value). This is all my opinion. Lets wait and see but i think this is a value under .50 imho

[SultanOfStocks]

NEWS!!!! U.S. Forest Service Determines an Appraisal Value of $13 Million for Thunder Mountain Properties
Elko, Nevada October 8, 2004: Thunder Mountain Gold, Inc. (OTCBB: THMG) announced the long-awaited appraisal for the combined properties of the Thunder Mountain Mining District, by the United States Forest Service. This culminates a multi-year effort that was initiated when THMG and Dewey Mining Company (Dewey) entered into an option agreement with The Trust for Public Land (TPL) in 2000 that provided for the evaluation of the properties in advance of an anticipated sale to the Forest Service. The completion of the appraisal process represents a significant step forward toward the sale of the mining properties for the public benefit.

Mr. Don Howell of Howell Valuation Services completed the independent appraisal with support from Dr. Dave Wahl, an independent PhD economic geologist that has extensive experience in establishing values of mineral properties. The definitive appraisal was reported in a Uniform Appraisal Standards for Federal Land Acquisitions (UASFLA) format. The Cost, Sales Comparison, and Income approaches were considered and used by Howell in determining market value for the combined properties at Thunder Mountain. The appraisal concluded that the value for all the private holdings, drill-defined mineralization, unpatented claims with potential and appurtenant components associated with the property is $13 million. The Region 4 Office of the Forest Service has reviewed and approved the valuation.

Under the joint venture arrangement between THMG and Dewey, THMG would receive one-half of the proceeds of the sale, after expenses that include: a fee-for-service to TPL, agreed-to reclamation costs, and TPL's third-party costs for purchase of the smaller parcel of non-mineral land adjacent to the properties. Preliminary estimates of the value to Thunder Mountain, after expenses, would be in the $5.0 to $5.5 million range

Jim Collord, President of THMG, says of the appraisal, "I believe we have reached a watershed point for Thunder Mountain Gold with the completion of the appraisal and the eminent sale of the property. Although it is an excellent property with a strong potential to be profitably mined at these higher gold prices, everyone has to accept that permitting a new mine in the heart of the Frank Church River of No Return Wilderness would be very difficult. Receiving fair market value for the holdings in the Thunder Mountain District would be a will remain open for hunting and recreation access."

Eric Love, TPL's Rocky Mountain Program Director, said, "I am hugely appreciative of THMG and Dewey's patience over the last few years. This has been a difficult process and I am encouraged that the Forest Service has approved the $13 million value established by Howell. Now the hard work of identifying and securing funding for this project begins and, given the current economic climate, it will undoubtedly take a concerted effort by all those that have long desired to see this property conserved."

With completion of the appraisal process, TPL will continue working with federal and local decision makers to develop a funding strategy for and establish a timeframe for acquisition by the Forest Service.

Company Contact: Jim Collord, President at [phone]
Company website: www.thundermountaingold.com

Forward-Looking Information: The statements in this news release contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve certain risks, assumptions and uncertainties, including specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Securities and Exchange Commission. In each case, actual results may differ materially from such forward-looking statements. The Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or modified) will not be realized.

[SultanOfStocks]

Ahhh I love the quiet here. Its nice be in ahead of the pack. That appraisal from the United States Forest Service should be due soon if you read the filings. Wonder how much they appraise this pristine gorgeous land at?

[SultanOfStocks]

Just like your name Lazarus, THMG will arise!! Patience is a virtue.

[Lazarus]

big uptick today! /em

[SultanOfStocks]

I love the quiet here. Only a select few will reap the rewards envisioned by the late Ron Yanke and others

[SultanOfStocks]

Its nice that management keeps its filings up to date thus keeping THMG listed on the otc bb. :>)
Theres more than gold to this one and those who have studied it carefully know why.

[SultanOfStocks]

Here is last years article I spoke about. This years 10k indicates things are still on track.

Idaho Falls Post Register, "Cheers and Jeers" column. February 7, 2003

CHEERS to U.S. Sen. Larry Craig, R-Idaho. He's been working to protect the headwaters of the Middle Fork of the Salmon River and the Frank Church-River of No Return Wilderness from potential mining-related pollution.

Three companies own about 900 acres and have a mining claim to another 6,000 acres at Thunder Mountain, about 50 miles east of McCall. Since the area was last mined for gold, it has been cleaned up. But there's always the possibility that mining will resume, carrying with it the potential for environmental degradation - not to mention another escalation of Idaho's resource wars.

Craig has come up with a third way. By working with interested parties on both sides, Craig has pursued a plan to buy out the miners. No appraisal has been completed, but it's estimated the price will approach between $12 million and $15 million. Getting money for that project is the U.S. Forest Service's No.1 funding request in Idaho.

Last year, Craig secured $1 million for the project. He's working to get another $2 million in the current budget and another $6 million in the fiscal year that begins Oct. 1.

[SultanOfStocks]

Real interesting tidbits from latest 10k.
The option for the United States Forest Service to purchase the property near the Frank Church Wilderness has been extended. Also very interesting is that the U.S. Forest Service has agreed to pay for the appraisal of the property. The 10K also mentions that the appraisal should be completed by mid year 2004. The company feels an agreement will be completed.
An article from last year from an Idaho newspaper says the value of the property could be over $10 million dollars. With only 9 million shares outstanding this would likely send the stock soaring. Heck even half of that amount would be phenomenal. Keep in mind that the article also pointed out that obtaining funding to purchase this land was the Forest Service's number one priority in Idaho.

[SultanOfStocks]

Ive been long this one for some time.

[SultanOfStocks]

A broker told me the land alone(forget the gold) could be worth $12 million dollars. Incredible timber value. Some of the most pristine acreage in the United States. There are only 9 million shares outstanding.

[SultanOfStocks]

THMG perking up! Some thunder on the mountain?

[Lazarus]

point taken...

Of course my point in mentioning Mr. Yanke is that this guy was a pretty savvy investor. He was one of the first 3 private investors in Micron Technology. I think the fact that he was Thunder Mountain's largest shareholder might have something to say about what he thought of the company's potential.

Lazrus

[veteran98]

THMG hate to put a positve spin on on someone passing away but I have seen this happen before to companies going nowhere and then someone steps in and the company is rejuevenated.

[Lazarus]

Ron Yanke was Thunder Mountains largest shareholder

from the K

The  following  are  known to the Registrant to be the beneficial owners of more than  five  percent  (5%)  of  the  Registrant's  voting  securities: 
  
  
 Common  Stock   Ronald  C.  Yanke        1,883,525 shares of          19.36% 
                 P.O. Box 5405,            record and beneficially 
                 Boise, ID 83715 
  
  
 Common  Stock  Ellis  J.  Collord          519,500 shares of           5.34% 
                                             record and  beneficially 
  
  
 (b)     THE SECURITY HOLDINGS OF MANAGEMENT ARE AS FOLLOWS 
  
  
 Common Stock   Ronald C.  Yanke          1,883,525 shares of          19.36% 
                                             record  and  beneficially 
  
  
 Common  Stock  Ellis  J.  Collord          519,500 shares of           5.34% 
                                             record and  beneficially 
  
  
 Common  Stock  Dr. Robin  S. McRae         91,955 shares of             .95% 
                                           record and beneficially 
  
  
 Total of all Officers and Directors     2,494,980                     25.65% 
  
  
  
 

                            

[Lazarus]

It's 'business as usual' at firms owned by Ron Yanke
Death doesn't leave them rudderless


By Brad Carlson
Idaho Business Review

Boise industrialist Ron Yanke’s death Feb. 3 at age 68 had a major emotional impact at his multiple businesses, and “we’re never going to fill that particular void,” his son-in-law, Bryan Norby, said last week.

But, because Yanke believed in hiring good managers – and letting them manage – the businesses are operating “probably as close to business-as-usual as you could get with his chief oversight and driving force being gone,” Norby said.

Norby, a CPA, worked for an accounting firm for nine years before going to work for Yanke 15 years ago. He is treasurer of YMC Inc., a Meridian mechanical contractor, and performs various financial and management duties for the other businesses the Yanke family owns.

The businesses are in traditional, hands-on industries, and Yanke either visited them or phoned their managers daily.

“He liked to see things being made … he liked to see things work,” Norby said. “He was a builder as much as anything, and enjoyed the interaction with the people he had – management and others.”

The Yanke businesses, which employ a total of about 600, include Yanke Machine Shop – which Ron’s father, Carl, founded in 1942 – YMC, RY Timber, Nashua Homes, Boise Mobile Equipment, Conyan Aviation, and Yanke Energy – plus extensive real estate holdings. Yanke was one of the three original investors in Micron Technology Inc.

Ron and Linda Yanke owned or held majority interest in the businesses, and the estate plan “enables us to continue to run these businesses as if he was still here,” Norby said.

Succession planning never was a detailed initiative, though it has been going on “since the day he started working in the machine shop,” Norby said.

“A lot of that had to do with the fact that there were so many things going on,” he said. “You had to have capable people doing the day-to-day management.”

Norby said the succession plan boiled down to Yanke telling the managers what it took to run the business, then letting them do it. “The people who run them have to be involved, and make decisions,” Norby said.

Yanke also kept an eye out for employees with potential to manage existing operations or to even head up new ventures. It wasn’t always possible to keep them – Yanke sold different operations over the years – but he consistently sought ways to retain good employees, said Norby, 46.

Many of Yanke’s managers worked for him for decades. He told them to run their operation as if they owned it, Norby said.

John Jantz, operations manager at the machine shop, is believed to be the longest-tenured manager. He and Yanke worked at the shop as teenagers. Several people have retired after more than 50 years of service.

“Ron invested in people as much as he did in business ideas and opportunities,” he said. He relied on the managers a lot, “and to a certain extent, deferred to their judgment.”

“He was always first my boss, but also my friend,” said Mike Ford, who has managed Yanke’s real estate holdings since 1988. “We had breakfast together almost every morning – we’d shoot the breeze and talk business. It’s hard to describe how good he was to work for. We’re both early risers. We’d meet at 6 and take care of the world’s problems before 7.”

In each business, “the guys who run it, run it,“ Norby said. “We don’t envision that philosophy changing at all.”

Immediately after Yanke died, of a sudden onset of leukemia, managers informed staff that there would be no operational changes. But the environment has changed.

“Ron brought a certain ability and energy to every business he went into, so there is a void there,“ Norby said. “We’re never going to fill that particular void.”

Yanke Machine Shop probably is most affected in terms of workplace environment, he said. Yanke started his career at the shop when his father owned it, and had his office there. The business employs about 100, providing fabrication and machining services for mining and forestry clients, and contractors.

As for the other businesses, YMC’s employment is somewhat seasonal and is now about 75. RY Timber operates two sawmills in western Montana and employs about 200, and manufactured housing company Nashua Homes employs about 100. Boise Mobile Equipment makes firefighting gear.

Conyan Aviation started more than 30 years ago as a venture with Boise-area firm Conveyor Engineering, to get to hard-to-reach mining and timber projects. “Gradually it grew into a charter company, mainly because Ron didn’t like seeing planes sitting around if there was something else he could do with them,” Norby said.

There’s no Yanke holding company, and each keeps its own books. Sometimes one Yanke company will receive a bid from another, only to choose another provider. “We went into each with the idea that it’s going to make money on its own,” Norby said.

The enterprises include “C” and “S” corporations, limited-liability companies and limited partnerships. But none of the corporate forms are new to the businesses, Norby said.

Annual revenues weren’t released, and Norby said the businesses focused more on profit than revenue. Even so, they didn’t always make a profit.

Yanke took a broad, overall, view and also “looked to the future as much as anybody I’ve ever been around,” Norby said.

“We go forward. We are losing to a certain extent the entrepreneurial spirit Ron had, but I don’t think we are losing the basic tenets under which he operated,” Norby said. Those include taking quality business opportunities and “investing in the people who are going to execute those opportunities.”

Near the machine shop on Gekeler Way, south of Federal Way, the Yanke family stores classic cars, motorcycles, fire engines and other working engines – “one of his hobbies, something his dad started a long time ago,” Norby said.

It’s not open to the public, though Yanke frequently took people through and at one time envisioned the pieces going into some kind of museum, Norby said.

Real estate that the Yanke family holds outright or in partnerships, Ford said, includes the Capitol Village shopping center, on Capitol Boulevard near Boise State University; industrial buildings next to Yanke Machine Shop; a downtown Boise parking lot on a block fronting Grove, Tenth and Eleventh streets;

Ranch and timberland in Montana; timberland in Oregon; cow-calf ranches in Bellevue and in Jackpot, Nev.; residential subdivisions in McCall and in California; and 2,500 acres south of the World Center for Birds of Prey in south Boise.
-------------------------------------

This story appeared in the March 1, 2004 issue of the
Idaho Business Review.
© 2004 Idaho Business Review. All rights reserved.

http://www.idahobusiness.net/business_news1.htm

[Lazarus]

Ron Yanke - one of the members of the BOD of THMG died recently and the BOD met in Boise to select a replacement.

ron Yanke was one of the venture capitalist for micron technologies.

Lazarus

[Lazarus]

looks like a shake and consolidation here...

bollinger bands are tightening

[Lazarus]

here is the one year chart:

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=thmg&sid=0&o_symb=thmg

[Lazarus]

here is an article discussing the price of GOLD in 2004

http://www.kitco.com/ind/Vaughn/dec292003.html

and a quote from the article:

At Gold Letter Alert our strategy is to review many different & new gold projects & properties. We realize this game is built around averaging & our desire is to cover many different gold companies that represent good speculative plays.

For all of 2003 GLA has reviewed around 40 different companies & our performance average for ALL of these companies taken together is 70% (as of 12-26-2003).

THMG started out 2003 at around a nickle and closed with a solid gain on the year of around 300% so it has done way better than the avgerage of 70% for the companies listed above

all things being equal i look for another year of solid gains in THMG and expect that it will close the year in the mid .30s minimum ... much higher on run if there is news of merger/acquisition/mining or a deal done on the sale of the land.

Lazarus

[Linchuck]

Nice day for THMG, Glad to see they closed the spread. Looks very positive.

[veteran98]

THMG will takeoff on any news releases. Might as well get what you can at these levels. I doubt if much will come out at lower levels anymore especially with gold continuing strong.

[ToshacH]

THMG could run anywhere now...no resistance

[Lazarus]

GOLD UP $5.70...

http://www.kitco.com/

[ToshacH]

This stock getting a lot more acticve of late. Maybe with the price of gold we are going to see a material change on THMG...just a hunch

[ToshacH]

No no list as in...no no I missed it at .13 cents?

If it is on your no no list, please provide a reason.

[tigress]

Hi there, I've been researching "gold stocks" for a couple month now. I was trying to find some penny ones that looked good. This one was listed on my no-no list. There is a list of over one hundred gold stocks so that's what takes so long & I only get around to doing research every once in awhile but I'm still looking.

[Lazarus]

gold hit a high on the ask 20 cents shy of 400!...

http://www.kitco.com

Lazarus

[Lazarus]

looky here...

http://www.stockta.com/cgi-bin/analysis.pl?symb=THMG&num1=1&cobrand=&mode=stock

while there is confirmed resistance between .18 and .20 -- i believe that once the stock breaks through 20 cents and is able to hold.... THERE IS NO CEILING LEFT!

take a look at this chart on another penny gold...

http://finance.yahoo.com/q/bc?s=CGHI.OB&t=1y

YEOW!

Lazarus

[ToshacH]

Febraury 2003 (PDF version)

TO OUR SHAREHOLDERS:

It has been some time since I have updated you on the activities of your company, Thunder Mountain Gold, Inc. (TMG). The depressed gold price over the past several years caused a lack of mine project acquisition by the exploration and mining companies. This resulted in a lack of interest by others regarding the Thunder Mountain property. This is despite the fact that USMX/Dakota Mines had conducted considerable detailed exploration drilling on the Dewey Hill target, and in total they expended about $4 million and outlined a zone of mineralized material containing about 250,000-300,000 ounces of gold. They had been in the process of developing a mine plan, conducting technical studies and advancing permitting work at the time they had to cease operations due to financial difficulties and filing for bankruptcy. After USMX/Dakota Mines returned the property, the Joint Venture of TMG and Dewey Mining Company (Partners), have made significant progress on an effort to enhance shareholder value. Specifically:

Consolidation of the mining district. The Partners essentially own a package consisting of 735.5 acres of patented mining claims, plus 272 (5,245.0 acres) of unpatented lode claims. This package covers nearly the entire mining district in the "cherry stem" within the Frank Church River of No Return Wilderness (FCRNRW). Other assets on the property consist of extensive water rights, a 500-ton per day gravity mill, substantial mine-related infrastructure and advanced permitting baseline work.
In 2000, the Joint Venture entered into an option agreement with Trust for Public Lands (TPL) to purchase the consolidated mining district. TMG, Dewey Mining and TPL have been working since then with the United States Forest Service (USFS) on a buyout of the properties. Regarding this arrangement, the following is of note:
TMG's land position is particularly desirable because of its location deep within the wilderness area and at the headwaters of the Salmon River, a river system particularly sensitive because of the wild salmon fishery.
The same reasons that it is a highly desirable property for environmental concerns are the same ones that would cause the permitting a new mining operation to be extremely difficult. This, in part, was one of the reasons that alternatives to mining were considered to preserve shareholder value.
The appraisal process has been in progress for well over a year now, and is taking all assets into account, including the value of the land, water, timber and mineralized material based on the mine plan developed by USMX/Dakota Mining. The preliminary appraisal is due to be complete sometime in March 2003.
A schedule developed by the USFS indicates that a final offer to the Partners would be forthcoming in mid-2003. If acceptable, payment for the properties would come sometime early in 2004. A timeframe such as this is not unusual for such a large project.
TMG and Dewey Mining have been working with the state and local representatives, as well as the congressional delegation, regarding the potential buyout. We have incorporated in the agreement with TPL, in concert with Valley County, the ability to maintain public access into this area of the FCRNRW. Mining activity at Thunder Mountain has historically been an important factor for the economy of Valley County, and the Partners felt it was important to maintain some positive impact for the area as part of this potential sale.
When the offer is received from TPL and the Forest Service, TMG will carefully evaluate it -- especially in light of the recent increase in the price of gold. If it is decided that the sale provides the best shareholder value, an added decision will follow regarding the disposition of the proceeds. The exploration and entrepreneurial experience of TMG, potentially with Dewey Mining, it may be appropriate to invest in new properties with exploration potential. A dividend to shareholders will also be considered -- this depending upon tax consequences, etc., for TMG and the shareholders.

Since the last communication, other items material to your Company have also taken place:

During 2001, a period of high value for platinum group metals, TMG, took a position in an interesting exploration target in southern Nevada. One of the few Nevada properties that produced platinum, palladium and gold during the war years, the four patented Oro Amigo lode claims, along with 40 adjoining unpatented claims, were leased from the owners. Anomalous gold, platinum, silver and palladium values were obtained from about half of the 143 rock chip samples taken on the claims, the highest from one sample being 2.02 ounce per ton (opt) gold, 0.182 opt platinum, 0.410 opt palladium and 6.0 opt silver. The samples were analyzed by Chemex labs and crosschecked. Unfortunately, due to the declining prices for the platinum group metals, and the "long-shot" style geologic target, we were unable to interest an exploration company in the claims. Thunder Mountain has reduced their claim position in the area to reduce holding costs.
The declining stock market impacted the liquid asset position of the company. Since most of the retained earnings from the previous operation at Thunder Mountain were in mutual funds, the value declined significantly over the past couple of years. This has resulted in a cash position that has caused TMG to reduce all expenditures to provide only for maintenance of the corporation. As of the end of 2002, the value of the various liquid funds was about $50,000. This is sufficient to maintain TMG until the sale is complete, or, if the offer is insufficient, lease to an operating company. TMG has also arranged for funding to maintain the appraisal effort from their joint venture partner, Dewey Mining. The Directors received no compensation during 2002, nor is any monetary compensation planned for 2003.
The Securities and Exchange Commission questioned some of the reporting in previous annual reports, particularly relative to the definition of "mineable reserves." We have been working with them through legal counsel and our accountant, and will be amending some previous reports to more accurately reflect the mineralization on the property per accepted SEC guidelines.
TMG examined the potential of working with a talented computer programming group involved in developing Linux-based game software. It was decided that the opportunity did not provide a "good fit" for TMG's business goals.
TMG has been involved, along with many other water users, in successful litigation on water rights for the property. Through a settlement arrangement, TMG has secured sufficient water rights.
A new website has been constructed at www.thundermountaingold.com. A visit to this site will provide you with an overview of the property, its history and any breaking news.
Although the past several years have been financially difficult for TMG, in part due to low gold prices and in part due to the declining stock market, the Board of Directors is very optimistic about achieving a positive shareholder value for the Thunder Mountain property during the next 18 months. The higher gold price has renewed interest in exploration and development of properties such as Thunder Mountain; this will also support a favorable appraisal. The Board of Directors will continue working with TPL and the USFS to achieve a fair return for you, the shareholder.

Sincerely,

Jim Collord, President
1239 Parkview Drive
Elko, Nevada 89801
E-mail: Jim_Collord AT thundermountaingold.com

13 February 2003

[ToshacH]

Thunder Mountain Gold, Inc. (TMG) creates shareholder value by maximizing the return on their precious metals minerals properties in the western United States.

The company was formed in 1978 to develop our core asset in central Idaho's Thunder Mountain District, and most of the business activities have related to this resource. However, the management is dedicated to value wherever the location and pursues exploration opportuties elsewhere as they arise.

TMG has a deep commitment to environmental concerns and has particular industry experience in this area.

Company History
Thunder Mountain Gold, Inc. was formed in 1978 when the owners of the claims containing the Sunnyside Deposit obtained Montgomery Mines, Inc. and gave it new life as Thunder Mountain Gold, Inc. in order to persue production on the property.

See the District History for a more detailed history of the Thunder Mountain property.

The Thunder Mountain property was put into production in the mid-1980's by Couer d'Alene Mines under a net profits agreement. It produced 100,000 ounces of gold and 200,000 ounces of silver until the property was relinquished back to TMG and surface-reclaimed in the early 1990's.

Subsequently the property was leased to and explored by several other companies, including Kennecott and USMX/Dakota Mining. A joint venture between the Company and Dewey Mining unified the mining district during this period, and USMX/Dakota Mining expended approximately $4 million to explore the district and define a significant measured mineral resource on the Dewey property.

The bankruptcy of Dakota Mines allowed the Company and Dewey Mining Co. to acquire the consolidated district for future development. Subsequently other claim packages have been acquired, and now the district is essentially owned by the joint venture.

Additionally Thunder Mountain Gold, Inc. has exploration interests throughout the West and currently has rights to a polymetallic deposit in southern Nevada.