UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM 10-QSB/A
                                  AMENDMENT # 2

                                   (Mark One)
  [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT
                                     OF 1934

                  For quarterly period ended December 31, 2003

       TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934
                 For the transition period from _____ to _______
                        Commission file number: 000-30065

                      INTREPID TECHNOLOGY & RESOURCES, INC.
                      -------------------------------------

                            FKA IRON MASK MINING CO.
             ------------------------------------------------------
             (exact name of registrant as specified in its charter)

                                      IDAHO
         --------------------------------------------------------------
         (State or other jurisdiction of incorporation or organization)

         501 West Broadway, Suite 200, Idaho Falls, ID           82304
         ---------------------------------------------        ----------
         (Address of principal executive offices)             (Zip Code)

       Registrant's telephone number, including area code: (208) 529-5337

Indicate  by  check  mark  whether  the  registrant:  (1)  has filed all reports
required  by  Section 13 or 15 (d) of the Securities Exchange Act of 1934 during
the  preceding  12  months  (or  for such shorter period that the registrant was
required  to  file  such  reports),  and  (2)  has  been  subject to such filing
requirements  for  the  past  90 days. Yes X  No    The number of shares of the
                                          ---   ---
Registrant's  Common  Stock,  as  of  December  31,  2003:  93,612,435  shares
outstanding  of  a  total  185,000,000  authorized.


                           EXPLANATION OF AMENDMENT #2
                           ---------------------------

The Registrant, Intrepid Technology & Resources, Inc., (the "Company"), received
a  subsequent  comment  letter from the Securities and Exchange Commission dated
February  27,  2004.  The  Commission made comments and requested the registrant
amend  the  Report  on form 10-QSB/A and apply SFAS 121 Impairment of Long-Lived
Assets  to  the  mineral  rights acquired in the merger, the deficit in retained
earnings  is  rolled  forward to the financial statements along with the changes
resulting  from  the  merger  of March 25, 2002.  Amended hereto is Items 1 & 2,
notes  2  &  3,  and  the  Management's  Discussion  &  Analysis.

                          EXPLANATION OF AMENDMENT # 1
                          ----------------------------

This  amendment  was  to  correct  Item 1. Financial Statements by restating the
correct  total  current assets as of December 31, 2003, and the net cash used by
financing  activities  and  the  increase  in  cash  and cash equivalents on the
statement  of  cash  flows  and  was  filed  on  February  19,  2004


<PAGE>
OFFICERS
--------
Dr. Dennis D. Keiser, Chief Executive Officer & President

Dr. Jacob D. Dustin, Vice President, Secretary and Treasurer

DIRECTORS
---------
Dr. Dennis D. Keiser, Chief Executive Officer & President Chairman of the Board

Dr. Jacob D. Dustin, Vice President, Secretary and Treasurer

Michael F. LaFleur, Board Member

William R. Myers, Board Member

D. Lynn Smith, Board Member

COMMON STOCK
------------
Par value .005
185,000,000 authorized
100,910,294 issued and outstanding at February 18, 2004
Intrepid Technology & Resources, Inc.'s common stock trades on the Bulletin
Board under the symbol IESV.


FINANCIAL REPORTS
-----------------
A copy of Intrepid Technology & Resources, Inc.'s Financial Reports, filed with
the Securities and Exchange Commission, may be obtained by writing to:
Intrepid Technology & Resources, Inc.
501 West Broadway
Suite 200
Idaho Falls, Idaho 83402
www.intrepid21.com
------------------
or at: The Securities and Exchange Commission office, Public Reference Room 450
--------------------------------------------------------------------------------
Fifth Street, N.W., Washington D.C. 20549 or at the SEC web site address
------------------------------------------------------------------------
(http:// www.sec.gov)
---------------------

TRANSFER AGENT
--------------
Columbia Stock Transfer Company
PO Box 2196
Coeur d'Alene, Idaho 83816-2196
Phone: 208-664-3544
Fax:   208-664-3543
Email: columbia5183@cs.com

AUDITOR
-------
Balukoff, Lindstrom & Co., P.A.
877 West Main Street, Suite 805
Boise, Idaho 83702
208-344-7150


                                        2
<PAGE>

                                TABLE OF CONTENTS

                         PART I - FINANCIAL INFORMATION


Item   1.   Financial Statements
            Balance Sheets . . . . . . . . . . . . . . . . . . .  4
            Statements of Operations . . . . . . . . . . . . . .  5
            Statements of Cash Flows . . . . . . . . . . . . . .  6
            Notes to Unaudited Financial Statements. . . . . . .  7

Item    2.  Management's Discussion and Analysis . . . . . . . . 13
            Results of Operations. . . . . . . . . . . . . . . . 14
            Capital Requirements . . . . . . . . . . . . . . . . 15

                          PART II - OTHER INFORMATION

Item    6.  Exhibits and Reports on Form 8-K . . . . . . . . . . 17
            Signature Page . . . . . . . . . . . . . . . . . . . 18
            Certifications . . . . . . . . . . . . . . . . . . . 19



                                        3
<PAGE>

<TABLE>
<CAPTION>
                              INTREPID TECHNOLOGY & RESOURCES, INC.
                                    CONSOLIDATED BALANCE SHEETS

                           ($ IN WHOLE DOLLARS EXCEPT PER SHARE AMOUNTS)


                                                                        DECEMBER 31,     June 30,
                                                                            2003           2003
                                                                       --------------  ------------
                                                                         UNAUDITED       Audited
                                                                       --------------  ------------
<S>                                                                    <C>             <C>
ASSETS
Current Assets:
   Cash                                                                $      50,427   $    27,175
   Receivables, net of allowance for doubtful
     accounts of $0 and $0 respectively                                      417,414       412,058
   Investments                                                                    --         5,000
   Other assets                                                                9,426         3,986
                                                                       --------------  ------------
       Total current assets                                                  477,267       448,219

Equipment, net                                                                59,998        37,177
Deferred tax asset                                                           361,121       385,543
                                                                       --------------  ------------
     Total Assets                                                      $     898,386   $   870,939
                                                                       ==============  ============

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
   Accounts payable                                                    $     236,133   $   245,596
   Accrued liabilities                                                       116,698       163,097
   Deferred compensation                                                     178,929       193,232
   Term Loan                                                                 181,435       199,779
   Long term debt - current portion                                           77,940            --
                                                                       --------------
     Total current liabilities                                               791,135        84,800
                                                                                       ------------
                                                                                           886,504
Long term debt                                                                    --
                                                                       --------------
         Total liabilities                                                   791,135            --
                                                                                       ------------
Commitments and contingencies                                                              886,504
Shareholders' equity:
   Preferred stock, $1 par value, 5,000,000 authorized                            --
   Common stock, $.005 par value, 185,000,000 authorized, 93,612,435
     and 91,130,584 shares issued and outstanding, respectively              468,062       455,653
   Additional paid-in capital                                              3,693,588     3,644,060
   Notes receivable - shareholders                                           (30,000)      (36,900)
   Retained earnings (deficit)                                            (4,024,399)   (4,078,378)
                                                                       --------------  ------------
     Total shareholders' equity                                              107,251       (15,565)
                                                                       --------------  ------------

Total Liabilities and Shareholders' Equity
                                                                       $     898,386   $   870,939
                                                                       ==============  ============
<FN>

     The accompanying notes are an integral part of these financial statements.
</TABLE>



                                        4
<PAGE>

<TABLE>
<CAPTION>
                              INTREPID TECHNOLOGY & RESOURCES, INC.
                              CONSOLIDATED STATEMENTS OF OPERATIONS

                          ($ IN WHOLE DOLLARS EXCEPT PER SHARE AMOUNTS)


                                              For the Three Months Ended  For the Six Months Ended
                                                     December 31,             December 31,
                                                  2003         2002         2003         2002
                                               -----------  -----------  -----------  -----------
                                                 UNAUDITED    UNAUDITED    Unaudited    Unaudited
                                               -----------  -----------  -----------  -----------
<S>                                            <C>          <C>          <C>          <C>

Revenue                                        $  630,473   $  517,390   $1,434,411   $1,162,503
Direct operating costs                            350,076      378,439      844,651      951,703
                                               -----------  -----------  -----------  -----------

Gross profit                                      280,397      138,951      589,760      210,800
Selling, general and administrative expenses      264,227      108,475      497,173      365,969
                                               -----------  -----------  -----------  -----------

Income (loss) from operations                      16,170       30,456       92,586     (155,169)
                                               -----------               -----------

Interest expense                                   (7,551)      (7,618)     (14,186)     (14,405)
                                               -----------  -----------  -----------  -----------


Net income (loss) before income taxes               8,619       22,858       78,397     (169,574)
Provision for income taxes (benefit)                   --        8,000       24,422      (69,804)
                                               -----------  -----------  -----------  -----------

Net (loss) income                              $    8,619   $   14,858   $   53,975   $  (99,770)
                                               ===========  ===========  ===========  ===========

Net income (loss)  to common shareholders      $    8,619   $   14,858   $   53,975   $  (99,770)
                                               ===========  ===========  ===========  ===========

Basic earnings (loss) per share                $    .0001   $    .0002   $     .001   $    (.001)
                                               ===========  ===========  ===========  ===========

Diluted earnings per share                     $       --   $       --   $       --   $       --
                                               ===========  ===========  ===========  ===========

Dividends paid per common share                        --           --           --           --
                                               ===========  ===========  ===========  ===========


<FN>
The accompanying notes are an integral part of these financial statements
</TABLE>


                                        5
<PAGE>
<TABLE>
<CAPTION>
                              INTREPID TECHNOLOGY & RESOURCES, INC.
                              CONSOLIDATED STATEMENTS OF CASH FLOWS

                          ($ IN WHOLE DOLLARS EXCEPT PER SHARE AMOUNTS)

                                                                     For the six months Ended December 31,
                                                                               2003         2002
                                                                           -----------  -----------
                                                                             UNAUDITED    Unaudited
                                                                           -----------  -----------
<S>                                                                        <C>          <C>
Cash flows from operating activities:

     Net income (loss)                                                     $   53,975   $  (99,770)
     Adjustments to reconcile net loss to net cash provided by  (used by)
operating activities:
        Depreciation                                                            4,966        4,399

        Loss on the sale of assets                                                 --       10,266
        Expenses in exchange for issuance of common stock                      23,934       72,747
Changes in assets and liabilities:
        Accounts receivable, net                                               (5,356)      (7,215)
        Prepaids and other assets                                                (440)      (3,598)
        Deferred tax asset                                                     24,422      (69,804)
        Accounts payable                                                       (9,463)     101,506
        Accrued liabilities                                                   (46,394)      (9,979)
        Deferred compensation                                                 (14,303)     (28,744)
                                                                           -----------  -----------

Net cash provided by (used by) operating activities                            31,341      (30,192)

Cash flows from investing activities:

        Debenture sales                                                            --       10,000
        Draw on line of credit                                                                (869)
        Purchase of office equipment                                          (27,785)      (3,600)
                                                                           -----------  -----------
Net cash used by investing activities                                         (27,785)      (5,531)

Cash flows from financing activities:
        Common stock proceeds                                                  27,400       25,000
        Note receivable for stock collected                                     6,900
        Payments on line of credit / term loan                                (18,344)     (27,514)
        Increase on notes payable                                               3,740           --
                                                                           -----------  -----------
Net cash used by financing activities                                          19,969       (2,514)

Increase (decrease) in cash and cash equivalents                               23,252      (38,237)
Cash and cash equivalents at beginning of period                               27,175       71,959
                                                                           -----------  -----------
Cash and cash equivalents at end of period                                 $   50,427   $   33,722
                                                                           ===========  ===========

Supplemental disclosures of cash flow information:
        Cash paid during the period for:
        Interest paid                                                      $   14,186   $   14,405
Non cash investing and financing transactions
        Conversion of debenture to common stock                                10,600           --
        Common stock issued for services, prepaid assets and debt
repayments                                                                     23,934       72,747


<FN>
The accompanying notes are an integral part of these financial statements
</TABLE>


                                        6
<PAGE>
INTREPID TECHNOLOGY & RESOURCES, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE 1.  BASIS OF PRESENTATION

Pursuant to the rules and regulations of the Securities and Exchange Commission,
the  Company has prepared the accompanying unaudited financial statements of the
Company  and  the  subsidiary Magic Valley Energy, LLC.  Certain information and
footnote  disclosures  have  been  condensed  or  omitted  pursuant to Generally
Accepted  Accounting  Principles  ("GAAP").  In  the  opinion of management, all
adjustments and disclosures necessary for a fair presentation of these financial
statements  have  been  included.  These  financial statements should be read in
conjunction  with  the  financial  statements  and notes thereto included in the
Company's 2003 Annual Report on Form 10-KSB for the year ended June 30, 2003, as
filed  with  the  Securities  and  Exchange  Commission.

The  consolidated  financial  statements include the accounts of the Company and
its  wholly  owned  subsidiaries.  All significant intercompany transactions and
balances  have  been  eliminated  in  consolidation.


NOTE 2.  MERGER. (AMENDED)

On  March  25,  2002,  the  Company  was created by merging Intrepid Engineering
Services, Inc., an Idaho corporation ("IES"), Western Technology and Management,
Inc.,  an  Idaho  corporation  ("WTM"),  and  Iron  Mask  Mining Company (IMKG).
Originally  the  merger  was  reported  as a business acquisition under SFAS 141
"Business  Combinations,"  with  recognition  of  goodwill  and the reporting of
intangible  assets.  After  consultation  with  the SEC and review of accounting
standards,  it  was  determined  the merger should be accounted for as a capital
transaction  with  IES as the accounting acquiror.  The accounting for this type
of  transaction  is  identical  to  a  reverse merger except that no goodwill or
intangible  assets  are recorded.  The financial statements of the 10-KSB/A have
been  amended  to  reflect  the  change  in  the  accounting  of the merger. For
information  regarding  the  historical financial statements of IES prior to the
merger  please  refer to the report on Form 8-K/A filed with the U.S. Securities
and  Exchange  Commission  on  February  19,  2004.

The  consideration  paid  in  connection  with  the  merger,  determined through
arms-length  negotiations  between executive management resulted in IMKG issuing
24,915,975  shares  of  its  common  stock  for the shares of IES and WTM.  As a
result  of  the merger WTM and IES shareholders own 25% and 6%, respectively, of
the outstanding shares of stock.  Subsequent to the merger, the name was changed
to  Intrepid  Technology  and  Resources,  Inc.

NOTE 3.  INTANGIBLE ASSETS. (AMENDED)

The Company acquired certain mineral and mining rights related to the Garnet and
Copper  Cliff  properties  through  the  merger  with  Iron  Mask Mining Company
("IMKG"),  at  a value of $3,723,456.  The value of the mineral rights was based
on  a  mineral  property  valuation  of  $3,273,456  performed  by  a  certified
professional  geologist.  An  agreement  was  written  between  the  parties for
$3,273,456  and  additional mining or surface rights were valued and agreed upon
for a price of $450,000.   SFAS 121, Accounting for the Impairment of Long-Lived
Assets  and  for  Long-Lived Assets to Be Disposed Of, requires an evaluation of
assets  if  a  significant event or changes in circumstances occur.   The merger
constituted such an event, thus triggering the need for another valuation of the
mineral rights.  Upon further review of the mineral property valuation report it
was  noted  that  the  study did not meet the requirements of the SEC's Industry
Guide  7.  As  of June 30, 2002 no final feasibility study had been performed on
the  Garnet  and  Copper  Cliff  properties  therefore,  sufficient  quality and
quantity  of mineral reserves could not be adequately determined in estimating a
fair  value  of  the  mineral  rights.  Based on this conclusion the Company has
impaired the mineral and mining rights in accordance with SFAS 121 declaring the
rights to have no fair value and has written the asset down.  For the year ended
June  30,  2002  a  write  down  of the assets of $3,723,456 was recorded and is
included  in  loss  from  operations.

                                        7
<PAGE>
In  the first quarter of 2002, IMKG recorded a mineral rights option for a price
of  $150,000  with a corresponding note payable of $150,000.  The note was to be
paid  within  a specified amount of time after IMKG had exercised the option for
the  mineral rights.  The options should not have been recorded as an asset with
the  corresponding  liability  until  the  options  were exercised.  The Company
therefore  removed the options and the liability at the time of the merger as of
March  25,  2002.  The  effect  of  writing  down the asset on the June 30, 2002
income  statement  was in increase in the deficit to retained earnings, which is
carried  forward  as shown on the balance sheet for the quarter ending September
30,  2003.  (See  footnote  d  below)

NOTE 4.  DESCRIPTION OF BUSINESS

Intrepid  Technology  & Resources, Inc., ("The Company"), (an Idaho Corporation)
is a biofuels renewable and alternative energy development and operating company
with  strengths  in  engineering  and  technology.   While the Company's primary
source  of  current  revenue is the sale of engineering services to a variety of
clients,  it  is  posturing itself for a primary business purpose of developing,
constructing,  and  operating  a  portfolio  of  projects  in  the Renewable and
Alternative  Energy  sector, with a special emphasis on production of biofuels -
particularly,  biogas  (methane),  biodiesel, ethanol and, eventually, hydrogen.
The  Company's  strategy  is  to  provide  the overall technical and integration
management  for  planning,  coordinating, developing, operating and implementing
such  projects.  The  Company's  initial  emphasis  is  on  establishing several
geographically  dispersed  complexes  in  the  Southern  Idaho  region  and then
expanding  to  other  locations within Idaho and the Western United States.  The
Company  provides  credit  in the normal course of business to its customers and
performs ongoing credit evaluations of those customers.  It maintains allowances
for  doubtful  accounts based on factors surrounding the credit risk of specific
customers,  historical  trends,  and  other  information.  Credit  losses,  when
realized,  have  been  within  the  range  of  the  Company's  expectations and,
historically,  have  not  been  significant.


                                        8
<PAGE>
The  following  table  reports  the Company's condensed and consolidated balance
sheet information as originally reported and amended showing the adjustments for
the  merger  ($  in  whole  dollars):

<TABLE>
<CAPTION>
                                       DECEMBER 31,                      DECEMBER 31,
                                           2003                              2003
                                      --------------                    --------------
                                         ORIGINAL     ADJUSTMENT           RESTATED
                                      --------------  -----------       --------------
<S>                                   <C>             <C>          <C>  <C>
ASSETS
Current Assets:
   Cash                               $      50,427                     $      50,427
   Receivables, net of allowance            417,414                           417,414
   Other receivables                             --                                --
   Other current assets                       9,426                             9,426
                                      --------------                    --------------
     Total current assets                   477,267                           477,267

Equipment, net                               59,998                            59,998
Goodwill                                    538,947     (538,947)  a               --
Mining rights                             3,273,456   (3,273,456)  b               --
Deferred tax asset                          361,121                           361,121
                                      --------------                    --------------

     Total Assets                     $   4,710,789                     $     898,386
                                      ==============                    ==============

LIABILITIES AND EQUITY
Current liabilities:
   Accounts payable                   $     236,133                     $     236,133
   Accrued liabilities                      116,698                           116,698
   Deferred compensation                    178,929                           178,929
   Line of credit                           181,435                           181,435
   Long term debt - current portion          77,940                            77,940
                                      --------------                    --------------
     Total current liabilities              791,135                           791,135
Long term debt                                   --                                --
Commitments and contingencies
   Common stock, $.005 par value            468,062                           468,062
   Additional paid-in capital            12,119,918   (8,426,330)  c        3,693,588
   Notes receivable - shareholders          (30,000)                          (30,000)
   Retained earnings (deficit)           (8,638,326)   4,613,927   d       (4,024,399)
                                      --------------                    --------------
     Total shareholders' equity           3,919,654                           107,251
                                      --------------                    --------------
Total Liabilities and Shareholders'
Equity
                                      $   4,710,789                     $     898,386
                                      ==============                    ==============
</TABLE>


-------------------------------
a  As a result of the merger no goodwill or intangible assets are to be recorded
b  To  eliminate  all  value(s)  associated  with  the  Garnett and Copper Cliff
properties  in  Montana
c  As  a result of the merger the equity of the Company is reduced by the amount
of  the  mining  rights  and  intangible  assets  that  were  eliminated
d  This  item  is  amended  to  adjust for the mining rights being charged as an
expense  when  impaired in the statement of operations for the year end June 30,
2002  which  increases  the  accumulated  deficit


                                        9
<PAGE>
NOTE 5.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES.

The  significant  accounting policies applied in the annual financial statements
of  the Company as of June 30, 2003, are applied consistently in these financial
statements.  In  addition,  the  following  accounting  policy  is  applied:

The  accompanying  unaudited  financial  statements  for  the three months ended
December  31,  2003 reflect all adjustments (consisting only of normal recurring
adjustments)  which  are,  in  the  opinion  of management, necessary for a fair
presentation  of  the  financial  position and operating results for the interim
period.  The  condensed  consolidated  financial  statements  should  be read in
conjunction  with  the  consolidated  financial  statements  and  notes thereto,
together  with  management's  discussion and analysis of the financial condition
and results of operations, contained in the Company Annual Report on Form 10-KSB
for the fiscal year ended June 30, 2003. The results of operations for the three
months ended December 31, 2003 are not necessarily indicative of future results.

STOCK BASE COMPENSATION

At  December  31, 2002, the Company approved a stock-based employee compensation
plan.  The  stock  option  plan, which allows officers, directors, employees and
consultants  of the company to receive non-qualified and incentive stock options
for  a  total of 25 million shares. The Company awarded 300,000 stock options to
directors  during  the quarter ended December 31, 2002 with an exercise price of
$.01. During the quarter ended December 31, 2002, the Company awarded 10,340,000
stock  options  with  an  exercise price of $.01 to employees. These options are
vested  at  100 percent and expire in five years from the grant date. During the
4th  quarter  1,000,000  options with an exercise price of $.01 was issued to an
employee.  A total of 13,385,000 options were available for future option grants
as  of  December  31,  2003.

The  Company  accounts for employee stock-based compensation using the intrinsic
value  method  for  each  period presented under the recognition and measurement
principles  of  APB  Opinion No. 25, "Accounting for Stock Issued to Employees,"
and related interpretations. No compensation cost is reflected in net income for
options  granted  to  employees, as all options granted under those plans had an
exercise  price equal to the fair market value of the underlying common stock on
the  date  of  grant.  The  Company  accounts  for  stock  options  granted  to
non-employees  using  the  fair value method under SFAS No. 123, "Accounting for
Stock-Based  Compensation."

The  following  table  illustrates  the effect on net income (loss) and earnings
(loss) per share as if the fair value method had been applied to all outstanding
and  unvested  awards  in  each  period:


<TABLE>
<CAPTION>
                                          Quarter Ended           Six Months Ended
                                       ---------------------  --------------------------
                                          September 30,             September 30,
                                       ---------------------  --------------------------
                                         2003       2002         2003          2002
                                       --------  -----------  -----------  -------------
<S>                                    <C>       <C>          <C>          <C>

Net income / (loss)                    $  8,619  $   14,858   $    53,975  $    (99,770)

Deduct: Stock based employee
Compensation expense determined
under fair value based method, net
of tax                                       --     (81,656)           --       (81,656)
                                       --------  -----------  -----------  -------------

Pro forma net income / (loss)          $  8,619  $  (66,798)  $    53,975  $   (181,426)

Basic earnings per share as recorded      .0001       .0002   $     .0006  $     (.0011)
                                       ========  ===========  ===========  =============
Basic earnings per share pro forma        .0001      (.0009)  $     .0006  $     (.0020)
                                       ========  ===========  ===========  =============

of the results for the entire fiscal year ending June 30, 2004.
</TABLE>



                                       10
<PAGE>
Principles  of Consolidation. The accompanying financial statements are prepared
----------------------------
on  a  consolidated  basis.  The  consolidated  financial statements include the
accounts  of  the Company after the elimination of all significant inter-company
balances  and  transactions.  The  Company's  fiscal  year-end  is  June  30.

Cash  and  Cash Equivalents. For the purpose of the statement of cash flows, the
---------------------------
Company  considers  all  highly  liquid  debt instruments with maturity of three
months  or  less  to  be  cash  equivalents.

Accounts  Receivable.  Accounts  receivable  is recorded net of an allowance for
---------------------
expected  losses.  The  allowance  is estimated from historical performances and
projections  of  trends.  These  projections  for  doubtful  accounts  have been
recorded  based  on  previous  history  of  charge  offs,  which  have  been
insignificant.  The  Company  contracts  with  federal governmental agencies for
engineering,  which  have  not  been  delinquent and management does not believe
there  is  a  collectability issue with these contracts. Therefore, no allowance
has been recorded as of December 31, 2003 and June 30, 2003. The unbilled amount
as of December 31, 2003 and June 30, 2003 was $12,874 and $38,178, respectively.

Notes  Payable.  The  Company  has  various  notes  payable  to  individuals and
--------------
officers.  The  Company has exchanged a portion of the notes for issuance of the
Company's  common  stock.  The  Company  has  incurred  additional expenses with
outside  consultants  and  has  paid  a  portion  of  those obligations with the
issuance  of  common  stock  under  the  rules  provided  for  S-8  issuances.

Revenue  Recognition. The Company's revenue is derived mainly from contracts for
--------------------
its  engineering consulting and other services.  Revenue from these contracts is
recognized as services are performed.  The Company has recorded revenue for work
performed  but  not  billed  as  of  December  31,  2003.

Equipment.   Property  and  equipment  are  recorded  at cost and depreciated on
---------
straight-line  and  declining  balance  methods  over  estimated  useful  lives.
Replacements  and  major  repairs  of property and equipment are capitalized and
retirements  are  made  when  the  useful  life  has  been  exhausted.

Use  of  Estimates.  The  preparation of financial statements in conformity with
------------------
generally  accepted  accounting principles requires management to make estimates
and  assumptions  that affect the reported amounts of assets and liabilities and
the disclosure of contingent assets and liabilities at the date of the financial
statements  as  well  as the reported amounts of revenue and expenses during the
reporting  period.  The  Company  used significant estimates in the accompanying
consolidated  financial  statements primarily related to the valuation of mining
rights  and  the  valuation  allowance  for  deferred  taxes.   It is reasonably
possible  that  these  estimates may change from time to time and actual results
could  differ  from  those  estimates.

Major  Customers.  At present, Company revenue is derived from "work-for-others"
----------------
by the Engineering Services Division, with any profits being used to develop the
Biofuels  business  line.  In  2003,  the  Company  managed  several engineering
services agreements with Idaho National Engineering and Environmental Laboratory
("INEEL") at Idaho Falls, Idaho, which constituted the majority of the Company's
revenue.  In  2003,  only  INEEL  provided  more  than ten percent of the total.

Development Activities.  The primary purpose of the Company is to obtain, permit
----------------------
and develop favorable properties for alternative and renewable energy production
and  provide  the  associated  engineering  design  and  construction management
services  required  to  support  the  construction  and operation of the related
facilities.  Secondarily,  the  Company  will continue to expand its engineering
services  "work  for  others"  base  to  generate  additional revenue to augment
working  capital requirements in support of its alternative and renewable energy
efforts.  The  realization of profits are dependent upon successful execution of
that  business  model  and  inducing  larger  companies  or private investors to
purchase  these  "turn-key"  alternative/renewable  energy generation/production
facilities;  increasing  the  number  and  value  of  "work for others" services
contracts;  and  the  sale  of  mineral  assets.

Credit  Risk  Concentration. The Company maintains most of its cash with US Bank
---------------------------
in  Idaho  Falls,  Idaho. Substantially all of the cash balances are insured and
are  not  collateral  for  other obligations. Concentrations of credit risk with
respect  to  accounts  receivable  are believed to be limited due to the number,
diversification  and  character  of  the  obligors  and  the  Company's  credit
evaluation process. Typically, the Company has not required customers to provide
collateral  for  such  obligations.


                                       11
<PAGE>
Commitments.  The  Company  has  various  commitments  for  notes  payable  to
-----------
shareholders  and  officers of the Company, and a term loan with US Bank, all of
which  the  Company  believes  it  has properly accounted for or has made proper
accruals  to  meet  these  obligations  in  the  future.

Notes Receivable.  As of December 31, 2003, the Company has non-interest bearing
----------------
notes  receivable  from  employees  totaling  $30,000  for  the  purchase of the
Company's  common  shares  and  is recorded in the equity section of the balance
sheet.  The  notes  are  from  employees:

Gary Mecham          $6,900               Don Dustin       $6,900
David Roth           $6,900               Lynn Higgins     $2,400
Scott Francis        $6,900


NOTE 6.  EARNING PER COMMON SHARE

Basic  earnings  per  share  are  computed  based on net income and the weighted
average  number  of  common  shares  outstanding.  The Company does not have any
securities  that  would  cause  diluted  earnings  per  share.

<TABLE>
<CAPTION>
                                           (000's except per share amounts)         (000's except per share amounts)
                                            Three Months Ended December 31,           Six Months Ended December 31,
                                       ----------------------------------------  -----------------------------------------
                                              2003                 2002                 2003                  2002
                                       -------------------  -------------------  -------------------  --------------------
<S>                                    <C>                  <C>                  <C>                  <C>

Net income / (loss)                    $                 8  $                15  $                54  $              (100)

Weighted average shares outstanding-
  Common shares                                 91,530,584           84,100,530           91,530,584           84,539,207

Basic earnings per share               $             .0001  $             .0002  $              .001  $             (.001)
                                       ===================  ===================  ===================  ====================
Diluted earnings per share             $                --  $                --  $                --  $                --
                                       ===================  ===================  ===================  ====================
</TABLE>


NOTE 7.  EQUIPMENT.

Equipment consists of the following as of December 31, 2003:


Computers and software         $ 41,446
Furniture                        15,488
Other Equipment                   1,525
Vehicles                          3,000
Anaerobic Digester               25,380
                               ---------
Subtotal                         86,839
Less accumulated depreciation   (26,841)
                               ---------
Total Equipment, net           $ 59,998
                               =========


During  the  second  quarter  ended  December 31, 2003 the Company began work on
certain  alternative  energy  projects.  In  the  process  of moving forward the
Company  has  developed  the technical and functional requirements and completed
the  conceptual  design  of  a flagship anaerobic digester at a 4000 cattle head
dairy  north  of  Rupert,  Idaho.  This  digester  will be used as the prototype
facility  to  generate natural gas for sale as a renewable energy source of heat
and/or  power.  From  this  prototype  digester  more  information  will  become
available  for optimization of sizing, and equipment specification and selection
to  generate  the  maximum energy value.  This will better enable the Company to
determine  the  most  effective  business model for utilizing the gas produced -
i.e.  direct conversion to electricity and sale to local power company or direct
distribution and sale as natural gas to local commercial/industrial users. As of
31  December,  the  design  was  approximately  25%  complete.


                                       12
<PAGE>
NOTE 8. LINE OF CREDIT AND TERM LOAN.

The  Company  had  a  line  of credit of $200,000.  As of September 25, 2003 the
Company  converted  this line of credit to a term loan at the same interest rate
of  prime  plus  two percent.  The Company makes monthly payments of $5,000 with
final payment due on March 15, 2004.  The loan is secured by all business assets
and  personally  guaranteed  by  the  principals  of the Company.  The following
employees  of  the Company have given unlimited personal guarantees for the line
of  credit:  Dennis  Keiser  (President),  Jacob Dustin (Vice President), Donald
Kenoyer,  S.  Scott  Francis,  and  Gary  Mecham.

Shareholder  Notes - The following shareholders who are also officers, employees
------------------
or  directors have personally lent money to the Company. The notes are unsecured
demand notes. It is not anticipated by the Company that the notes will be called
in  the  next  year. The following are shareholder creditors to the Company: The
loans  from  Mr. Kenoyer of $22,415 and Mr. Dustin of $44,811 accrue interest at
an  annual  rate  of  10  percent  payable  on  demand.



NOTE 10. NEW ACCOUNTING PRONOUNCEMENTS

In  April  2003 the Financial Accounting Standards Board (FASB) issued Statement
of  Financial  Accounting Standards Statement No. 149 Amendment of Statement 133
on  Derivative  Instruments  and Hedging Activities.  Statement 149 is effective
for  contracts  entered  into  or  modified after June 30, 2003, and for hedging
relationships  designated  after  June  30,  2003.  The  Company does not expect
Statement  149  to  have  a  material  effect  on  the  financial  statements.

In  May  2003  the  FASB  issued  Statement  of  Financial  Accounting Standards
Statement  No.  150  Accounting  for  Certain  Financial  Instruments  with
Characteristics  of both Liabilities and Equity.  Statement 150 is effective for
financial instruments entered into or modified after May 31, 2003, and otherwise
is  effective  at the beginning of the first interim period beginning after June
15,  2003.  The  Company does not expect Statement 150 to have a material effect
on  the  financial  statements.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS

The  following discussion contains forward-looking statements that involve known
and  unknown  risks  and  uncertainties which may cause actual results in future
periods to differ materially from those indicated herein as a result of a number
of  factors,  including, but not limited to, those set forth under "Factors That
May Affect Future Results," Notes to the Consolidated Financial Statements, Part
I, Item 1., Legal Proceedings, and the discussion below.   When the Company uses
words  like  "may,"  "believes," "expects," "anticipates," "should," "estimate,"
"project,"  "plan,"  their  opposites  and  similar  expressions, the Company is
making  forward-looking  statements.  These  expressions  are most often used in
statements  relating  to  business  plans,  strategies,  anticipated benefits or
projections  about  the  anticipated  revenues, earnings or other aspects of our
operating  results.  We  make these statements in an effort to keep stockholders
and  the  public  informed about our business and have based them on our current
expectations about future events. Such statements should be viewed with caution.
These  statements  are  not guarantees of future performance or events. As noted
elsewhere  in  this  report,  all  phases  of  our  business  are  subject  to
uncertainties,  risks  and  other  influences,  many of which the Company has no
control  over.  Additionally,  any  of  these  factors,  either  alone  or taken
together,  could  have a material adverse effect on the Company and could change
whether  any  forward-looking  statement  ultimately  turns  out to be true. The
Company  undertakes  no  obligation  to publicly release updates or revisions to
these  statements.  The  following discussion should be read in conjunction with
audited  consolidated  financial  statements and the notes filed thereto on Form
10-KSB with the U.S. Securities and Exchange Commission for the year ending June
30,  2003.


                                       13
<PAGE>
RESULTS OF OPERATIONS (AMENDED)
-------------------------------

The  Company's  revenue result primarily from contracts, which are substantially
short  term,  with  the  U.S.  Government, commercial customers, state and local
governments,  or  from  subcontracts with other contractors engaged in work with
such customers. The Company performs under a variety of contracts, some of which
provide  for reimbursement of costs plus fees, and others, which are fixed-price
or  time-and-materials, type contracts. Revenue and fees on the reimbursement of
costs  plus  fees  and  time-and-material  contracts  are  recognized  using the
percentage-of-completion method of accounting, primarily based on contract costs
incurred to date compared with total estimated costs at completion. Revenues and
fees  on  the  fixed price contracts are recognized based on contract benchmarks
obtained as of the end of the period.   Cost-reimbursement contracts provide for
the  reimbursement  of  direct costs and allowable indirect costs, plus a fee or
profit  component.  Time-and-materials  contracts  typically  provide  for  the
payment  of  negotiated  fixed  hourly  rates  for  labor  hours  incurred  plus
reimbursement  of  other  allowable  direct  costs at actual cost plus allocable
indirect  costs.  Firm  fixed-price  contracts  require us to provide stipulated
services  for  a  fixed  price.


REVENUE

Revenue  for  the second quarter of the fiscal year 2004 ended December 31, 2003
increased  21.9%  to  $630,473  compared  to $517,390 for the three months ended
December  31,  2002.  The  total  revenue for six months ended December 31, 2003
also  increased  23.39%  to  $1,434,411  compared  to  $1,162,503 in 2002.  This
increase  was  mainly  attributed  to additional engineering contracts performed
during  this  three  and  six  month  period.

Throughout  calendar  year 2003 and 2002, the Company has managed an engineering
services  agreement with Idaho National Engineering and Environmental Laboratory
("INEEL") at Idaho Falls, Idaho, which constituted the majority of the Company's
revenue.  The  Company's  other  primary customers were: Fluor Federal Services,
Inc.,  Duratek,  Argonne National Laboratory West, the Bureau of Land Management
and  the State of Idaho.  Only INEEL provided more than ten percent of the total
revenue  recognized  by  the  Company  in  2003.

DIRECT OPERATING COSTS

Direct  operating  costs for the three months ending December 31, 2003 and 2002,
were  $350,076 and $378,439 respectively, representing a 7.5% decrease.  For the
six months ended December 31, 2003 direct operating costs also declined 11.2% to
$844,651  from $951,703 in 2002.  The Company made many efforts to reduce direct
costs  by  using  less  subcontracted services, eliminating certain rental fees,
closing  the  Montana and Washington offices, making better use of supplies, and
exercising  better  management  of  direct  payroll  costs.

GROSS PROFIT

The  Company  had  gross profit of $280,397 in the second quarter ended December
31,  2003  compared  to  $138,951  for  the same quarter in 2002, representing a
101.8%  increase.   Similarly,  for the six months ended December 31, 2003 gross
profit increased by 180% to $589,760 compared to $210,800 for the same period in
2002.  This  increase  in  gross  profit is a mark of increased sales and better
management  and  utilization  of  available  resources.

GENERAL SELLING AND ADMINISTRATIVE EXPENSES

For  the three months ended December 31, 2003 general selling and administrative
expenses  were $264,227 compared to $108,475 for the same quarter ended December
31,  2002.  This  144%  increase  was  the result of increased sales and certain
expenses  increased significantly over the prior year due to an effort to as the
Company  continues  to  expand its operations.  During the second quarter of the
prior  year  some  deferred compensation was reversed thereby reducing the total
general  selling  and  administrative  expenses  in  that  period.

For  the  six months ended December 31, 2003, general selling and administrative
expenses increased 35.9% to $497,173 compared to $365,969 for the same period of
2002.


                                       14
<PAGE>

WRITE-DOWN OF ASSETS (AMENDED)

As a result of the comment letter received from the U.S. Securities and Exchange
Commission  dated February 27, 2004 the Company has applied SFAS 121, Accounting
for the Impairment of Long-Lived Assets and for Long-Lived Assets to Be Disposed
Of,  to  the  mining  and  mineral  rights acquired in the merger with Iron Mask
Mining  Company  ("IMKG").  These  mining rights relate to the Garnet and Copper
Cliff  properties and were recorded by IMKG at a value of $3,723,456.  The value
of  the  mineral  rights was based on a mineral property valuation of $3,273,456
performed  by  a certified professional geologist for and the mining rights were
valued at an agreed upon price of $450,000.   SFAS 121 requires an evaluation of
assets  at the time of a significant event or if changes in circumstances occur.
The  merger  constituted  such  an  event,  thus triggering the need for another
valuation  of  the  mineral rights.  Upon further review of the mineral property
valuation  report  it  was noted that the study did not meet the requirements of
the SEC's Industry Guide 7.   As of June 30, 2002 no final feasibility study had
been  performed  on the Garnet and Copper Cliff properties therefore, sufficient
quality  and  quantity of mineral reserves could not be adequately determined in
estimating  a  fair  value  of the mineral rights.  Based on this conclusion the
Company  has  impaired the mineral and mining rights in accordance with SFAS 121
declaring  the rights to have no fair value and has written the asset down.  For
the  year  ended  June  30,  2002  a  write down of the assets of $3,723,456 was
recorded  and  was included in loss from operations.  The effect of writing down
the  asset  on the June 30, 2002 income statement was in increase in the deficit
to retained earnings, which is carried forward as shown on the balance sheet for
the  quarter  ending  December  31,  2003.


INTEREST EXPENSE

For the three months ended December 31, 2003 the Company had interest expense of
$7,551 compared to $7,618 for the same period ending December 31, 2002.  For the
six  months  ended December 31, 2003 the Company had interest expense of $14,186
compared  to  $14,405  for  the  same  period  ending  December 31, 2002.    The
interest  expense was for interest paid on the bank line of credit and term loan
with  the 10% interest accrued on notes payable to officers and directors of the
Company.

INCOME TAXES

The Company has established a valuation allowance for the deferred tax asset due
to  realization of uncertainties inherent with the limitations on utilization of
acquired  net operating loss carry forwards for tax purposes.  The net change to
the  valuation  allowance for 2003 was $0.  The net operating loss carry forward
was  approximately  $1,800,000 at December 31, 2003, and begins to expire in the
year  2008.  The  amount  of net operating loss carry forward expires $66,000 in
2008,  $21,000  in  2018,  $7,000 in 2019, $89,000 in 2020, $77,000 in 2021, and
$1,371,000  in  2022  and  $169,000  in  2023.

NET INCOME (LOSS)

For  the  three  months  ended December 31, 2003 the Company had a net income of
$8,619 compared to $14,858 for the same period ended December 31, 2002.  For the
six  months  ended  December  31,  2003  the Company had a net income of $53,975
compared  to  a loss of $99,770 for the same period ended December 31, 2002.  In
2002,  the  majority  of the loss was attributed to the ongoing merger costs and
heavy general and administrative costs, which totaled $262,033.  The revision of
the  report  on Form 10-KSB/A for the year ended June 30, 2003 has since removed
all  goodwill  and intangible assets, and therefore no other merger costs remain
on  the  balance  sheet  to  be  amortized  over  future  periods.

CAPITAL RESOURCES AND LIQUIDITY

The  Company  has made reasonable efforts to meet cash flow demands from ongoing
operations and has improved its capital position over that of one year ago.  The
Company finished the second quarter ending December 31, 2003 with cash available
of  $50,427  compared  to  $33,722  for  the  same  period of 2002.  The Company
believes that it will still be necessary to continue to supplement the cash flow
from  operations  with the use of outside resources such as additional loans and
possibly  investment capital by issuance of debenture notes and preferred stock.
As  of  December 31, 2003, the Company had a working capital deficit of $333,868


                                       15
<PAGE>
compared  to a deficit of $356,018 for the same period ending December 31, 2002.
The  current  ratio  at  December  31, 2003 was: .58:1 and .51:1 at December 31,
2002.

The Company has had ongoing capital-intensive engineering projects and continues
to  search  for  new  investment  capital  through  private  preferred stock and
debenture  bonds to fund the start up of renewable energy projects.  The Company
believes  that  with  new  engineering  and  technical  services  contracts  and
prospects  for  bringing these renewable energy projects on line that it will be
able to meet obligations as they become due.  The Company is also continuing its
aggressive  collection  of its accounts receivable.  No receivables appear to be
uncollectible.

The  Company  had  an available line of credit of $200,000 of which $190,000 was
converted  to  a  term  loan  as  of September 25, 2003.   The term loan or note
payable  bears interest at the prime rate plus two percent and is secured by all
business  assets  and personally guaranteed by the officers and key employees of
the  Company.  As  of  December  31,  2003,  the loan was in good standing.  The
Company  also  has shareholder notes payable from certain officers, employees or
directors.  The  notes  are unsecured demand notes. It is not anticipated by the
Company  that  the  notes  will  be  called  in the next year. The following are
shareholder  creditors to the company: The loans from Mr. Kenoyer of $22,415 and
Mr. Dustin of $44,811 accrue interest at an annual rate of 10 percent payable on
demand.


Access  to  Capital  -  Over the next twelve months the Company believes that it
-------------------
will  be  necessary  to supplement the cash flow from operations with the use of
outside  resources  such  as additional loans and possibly investment capital by
issuance  of  debenture  notes  or  preferred  stock.

Material  Commitments  for Capital Expenditures - The Company has no outstanding
-----------------------------------------------
commitments  at  this time, though it anticipates purchase of engineering design
hardware  and software, additional computers, and office furniture to expand its
operations.  The  Company  also intends to purchase a proprietary process design
for  ethanol production. Source of funding for office-related expenses will come
from  ongoing  operations  generated  by  engineering  services.  The  source of
funding  for  proprietary  design  and  potential  acquisitions  will be made by
outside  capital  resources.

Seasonal  Changes - The Company's operating revenue is generally not affected by
-----------------
seasonal  changes.

RISK FACTORS

The  Company's  primary  focus  is  obtaining  permits  and developing favorable
properties  for  alternative  and renewable energy production, and providing the
associated  engineering  design and construction management services required to
support the construction and operation of related facilities, and cannot provide
any  guarantees  of  profitability  at  this time.  The Company will continue to
expand  its  engineering services base, "work for others" to generate additional
revenue  to  augment  working capital requirements in support of its alternative
and  renewable  energy  efforts.  The  realization  of profits is dependent upon
successful  execution  of  new  business  opportunities  and  the development of
prototype  digester  models for renewable energy.  The Company is dependent upon
inducing  larger  companies  or  private  investors to purchase these "turn-key"
alternative  renewable  energy  generation  and  production  facilities.  These
projects when developed and depending on their success will be the future of the
Company.  The  Company  cannot  give  any reasonable assurance to their success.


ITEM 3. CONTROLS AND PROCEDURES

The  Company's Chief Executive Officer and Secretary, Treasurer and acting Chief
Financial  Officer evaluated the disclosure controls and procedures (pursuant to
Exchange  Act Rule 13a-15) of the Company as of the end of the period covered by
this report and have determined that such controls and procedures are effective.


                                       16
<PAGE>
                            PART II OTHER INFORMATION
                            -------------------------

ITEM 6. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K

     (a)  Financial Statements, Schedules and Exhibits
     (b)  Two exhibits are filed as part of this report.
     (c)  The Company filed no reports on Form 8-K in the second quarter of 2003
          1.  Exhibits


<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------
Exhibit                                Description                                  Incorporated by Reference from
  No.                                                                                        Registrant's
-------  ----------------------------------------------------------------------  -------------------------------------
<S>      <C>                                                                     <C>
    3.1  Articles of Incorporation.                                              Form 10SB Registration March 22, 2000
-------  ----------------------------------------------------------------------  -------------------------------------
    3.2  Bylaws.                                                                 Form 10SB Registration March 22, 2000
-------  ----------------------------------------------------------------------  -------------------------------------
    3.3  Amended Articles of Incorporation.                                      Form 10SB Registration March 22, 2000
-------  ----------------------------------------------------------------------  -------------------------------------
    3.4  Amended Articles of Incorporation.                                      Form 10SB Registration March 22, 2000
-------  ----------------------------------------------------------------------  -------------------------------------
    4.1  Specimen Stock Certificate.                                             Form 10SB Registration March 22, 2000
-------  ----------------------------------------------------------------------  -------------------------------------
   10.1  Yellow Pines Resources Agreement.                                       Form 10SB Registration March 22, 2000
-------  ----------------------------------------------------------------------  -------------------------------------
   10.2  American Diatomite Agreement.                                           Form 10SB Registration March 22, 2000
-------  ----------------------------------------------------------------------  -------------------------------------
   10.3  American Diatomite Agreement.                                           Form 10-KSB October 20, 2000
-------  ----------------------------------------------------------------------  -------------------------------------
   10.4  Agreement to Sell and Purchase Mineral Reserves, Real Property and
         Shares of Common Stock                                                  Form 10-KSB October 15, 2001
         ----------------------------------------------------------------------  -------------------------------------
   10.5  Addendum to Agreement to Sell and Purchase Mineral Reserves, Real
         Property and Shares of Common Stock                                     Form 10-KSB October 15, 2001
         ----------------------------------------------------------------------  -------------------------------------
   10.7  2003 Stock Option Plan                                                  Form 14(a) October 24, 2002
-------  ----------------------------------------------------------------------  -------------------------------------
   31.1  Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer
-------  ----------------------------------------------------------------------  -------------------------------------
   31.2  Rule 13a-14(a)/15d-14(a) Certification of Principal Financial Officer
         by Vice-President, Secretary and Treasurer
-------  ----------------------------------------------------------------------  -------------------------------------
     32  Certification pursuant to 18 U.S.C. SECTION 1350 by Chairman and
         Chief Executive Officer and Vice-President, Secretary and Treasurer
----------------------------------------------------------------------------------------------------------------------

         REPORTS ON FORM 8-K

----------------------------------------------------------------------------------------------------------------------
   10.6  Iron Mask Mining Company merger agreement with Intrepid
         Engineering Company and Western Technology and Management, Inc.         Form 8-K April 8, 2002
-------  ----------------------------------------------------------------------  -------------------------------------
         Intrepid Technology and Resources, Inc. change of certifying
         accountants                                                             Form 8-K May 24, 2002
-------  ----------------------------------------------------------------------  -------------------------------------
         Amendment to report pro forma financial information on merger filed
         on Form 8-K April 8, 2002                                               Form 8-K/A June 11, 2002
-------  ----------------------------------------------------------------------  -------------------------------------
         Amendment, Item 7.  Letter from accountant and Company                  Form 8-K/A June 20, 2002
         correspondence
-------  ----------------------------------------------------------------------  -------------------------------------
         Resignation of Registrant's Directors and change in management          Form 8-K July 8, 2002
-------  ----------------------------------------------------------------------  -------------------------------------
         Resignation of Registrant's Directors                                   Form 8-K August 21, 2002
-------  ----------------------------------------------------------------------  -------------------------------------
         Amendment to Form 8-K filed on May 24, 2002 for change of
         certifying accountants.  Correction letter of predecessor accountant.   Form 8-K/A September 10, 2002
-------  ----------------------------------------------------------------------  -------------------------------------
         Election of Lynn Smith to the Board of Directors and Chairman of the
         Audit Committee                                                         Form 8-K September 13, 2002
-------  ----------------------------------------------------------------------  -------------------------------------
         Letters of Notice to Cure a Default whereby a deed was not transferred
         for mineral rights purchased in the Iron Mask Mining Company merger     Form 8-K February 6, 2003
----------------------------------------------------------------------------------------------------------------------
</TABLE>


                                       17
<PAGE>
SIGNATURES
----------

Pursuant  to  the  requirements  of  the  Securities  Exchange  Act of 1934, the
registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  thereunto  duly  authorized.



                                 INTREPID TECHNOLOGY & RESOURCES, INC.
                                           (Registrant)



Date:  April 23, 2004            By:  /s/ Dr. Dennis D. Keiser, Chief Executive
                                      -----------------------------------------
                                      Officer & President
                                      -------------------


Date:  April 23, 2004            By:  /s/ Dr. Jacob D. Dustin, Vice President,
                                      -----------------------------------------
                                      Secretary, and Treasurer
                                      ------------------------



                                       18
<PAGE>