Metaline Contact Mines (MTLI) 10QSB/A 2004 Q3 Quarterly report (small business) (amended)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-QSB

AMENDMENT NO. 1

(Mark One)

þ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period from 7-1-04 to 9-30-04

o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES ACT.

For the transition period from to

Commission file number 000-31025

METALINE CONTACT MINES

(Exact name of small business issuer as specified in its charter)

Washington	91-0779945
(State or jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

W. 3848 Turtle Patch Road, Pine River WI 54965

(Address of principal executive offices)

920-987-5317

(Issuer’s telephone number

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practical date:14,531,254

Transitional Small Business Disclosure Format (Check one): Yeso Noþ

METALINE CONTACT MINES
STATEMENTS OF OPERATIONS

	Three Months Ended						Nine Months Ended
	September 30,			September 30,			September 30,				September 30,
	2004			2003			2004				2003
	(Unaudited)			(Unaudited)			(Unaudited)				(Unaudited)
REVENUES
Royalty income	$	3,880		$	3,880		$	16,440			$	11,640
GENERAL AND ADMINISTRATIVE EXPENSES
Consulting and management fees		30,000			1,500			30,000				4,500
Property expense		—			—			37,765				—
Professional fees		6,628			3,000			13,009				12,925
Administrative expenses		3,123			6,123			12,515				11,145
TOTAL EXPENSES		39,751			10,623			93,289				28,570
OPERATING LOSS		(35,871	)		(6,743	)		(76,849	)			(16,930	)
OTHER INCOME (LOSS)
Dividend income		137			41			250				286
Interest income		1,915			1,915			5,744				5,745
Loss from investment in LLC		(144	)		(85	)		(393	)			(848	)
TOTAL OTHER INCOME		1,908			1,871			5,601				5,183
LOSS BEFORE TAXES		(33,963	)		(4,872	)		(71,248	)			(11,747	)
INCOME TAX EXPENSE		—			—			—				—
NET LOSS	$	(33,963	)	$	(4,872	)	$	(71,248	)		$	(11,747	)
										��
NET LOSS PER COMMON SHARE, BASIC AND DILUTED	$	nil		$	nil		$	nil			$	nil
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED		14,531,254			14,064,300			14,514,212				14,064,300

F-5

Metaline Contact Mines (the “Company”) is filing this Amendment No. 1 to its Form 10-QSB, filed with the U.S. Securities and Exchange Commission on November 16, 2004, in order to include the 9-month financial information in its Statement of Operations contained in its interim Financial Statements, dated September 30, 2004, that was erroneously omitted when Edgarized.

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

DATED this the 26th day of November, 2004	METALINE CONTACT MINES
	By:	/s/ John W. Beasley
		John W. Beasley
		Secretary/Treasurer/CFO

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