Thunder Mountain Gold Inc (THMG)

[EdF]

Hi universaltrader,

I believe the company has already rec'd payment for the land. Per the last 10Q:

Mining Claims

Substantially all of the Company’s patented and unpatented claims in the Thunder Mountain Mining district were sold to the Trust For Public Land on September 1, 2005, for $5,500,000, netting the Company a gain on the sale of $2,576,112. The Company had entered into an agreement concerning the claims sold with Dewey Mining Company (“Dewey”) and certain other private parties that controlled Dewey and that were also major shareholders of Thunder Mountain. This agreement resulted in the payment of approximately $3,300,000 to the parties, $2,923,888 of which was for Dewey’s interest in the property sold and $376,705 was for the purchase of 1,883,525 shares of the Company’s common stock.

They currently have about 1.2M in cash which they are going to use towards acquiring a new claim/property. As it stands now, the book value is over .10 per share. I've been accumulating this for approx 6 months and it is a long term hold for me. I'm just waiting for them to put something together. Even if for some reason they did not pursue a mineral property, it is a very attractive shell stock.

As for other plays, I'm heavily in IPMG (.005/.007--gold/silver) and am anticipating some good news next month (October). May be worth checking out their recent PR and looking at the IHUB board. There are some solid players on this one and there is some good info on the board.

http://investorshub.com/boards/board.asp?board_id=3987

The OTC market is pretty slow right now so I'm mainly grabbing some cheapies in anticipation of the market picking up....eventually

All the best.