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                      SECURITIES  AND  EXCHANGE  COMMISSION
                           Washington,  D.C.  20549

                                FORM  10-QSB

[  X  ]  QUARTERLY  REPORT  PURSUANT  TO  SECTION  13 OR 15(d) OF THE SECURITIES
       EXCHANGE  ACT  OF  1934

For  the  quarterly  period  ended June 30, 2000

OR

[   ]  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:    001-01428

                     METALINE  MINING  &  LEASING  COMPANY
         (Exact  name  of  registrant  as  specified  in  its  charter)

       State  of  Washington                                 91-0684860
______________________________________                 ___________________
(State  or  other  jurisdiction  of                         (I.R.S.  Employer
incorporation  or  organization)                          Identification  No.)

601  West  Main  Avenue,  Suite  714
Spokane,  Washington                                           99201-0677
__________________________________________                  _______________
(Address  of  principal  executive  offices)                   (Zip  Code)

(Registrant's  telephone  number,  including  area  code)   509-455-9077

Check  whether  the  issuer  (1)  filed  all  reports  required  to  be filed by
Section  13  or  15(d)  of  the  Exchange  Act during the past 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 at least the past 90
days.    Yes  (X)    No  (  )

State the number of shares outstanding of each of the issuer's classes of common
equity,  as  of  the  latest  practicable  date   14,555,668


Transitional  Small Business Disclosure Format (check one): Yes   ( )    No  (X)











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<PAGE>
                     METALINE  MINING  AND  LEASING  COMPANY
                                 FORM  10-QSB
                 FOR  THE  QUARTERLY  PERIOD  ENDED JUNE 30, 2000

                         PART I. - FINANCIAL INFORMATION

Item  1  Financial  Information

METALINE  MINING  &  LEASING  COMPANY
BALANCE SHEET (UNAUDITED)

<TABLE>
                                                            JUNE 30, 2000
                                                            -------------
<S>                                                         <C>
ASSETS

CURRENT  ASSETS:

     Cash  and  cash  equivalents:
     Cash in bank                                           $    392,911
     Temporary cash investments                                  668,718
                                                            -------------

            Total current assets                               1,061,629

INVESTMENTS                                                       13,606

PARTNERSHIP PROPERTIES                                             4,122
                                                            -------------

                                                            $  1,079,357
                                                            =============

LIABILITIES  AND  STOCKHOLDERS'  EQUITY

CURRENT  LIABILITIES:

Accounts payable                                            $        -
                                                            -------------
           Total current liabilities                                 -

STOCKHOLDERS'  EQUITY:

     Common stock--15,000,000 shares, no par value,
       authorized; 14,555,668 shares issued and outstanding      954,282
     Accumulated  other  comprehensive  income:
       Unrealized loss, marketable securities                     (5,885)
       Retained earnings                                         130,960
                                                            -------------
            Total stockholders' equity                         1,079,357
                                                            -------------

                                                            $  1,079,357
                                                            =============
</TABLE>




See  accompanying  note  to  financial  statements.

<PAGE>
METALINE  MINING  &  LEASING  COMPANY
STATEMENTS  OF  INCOME  (UNAUDITED)

<TABLE>
                                         Three Months               Year to Date
                                        Ended June 30,              Ended June 30,
                                 --------------------------  --------------------------
                                     2000          1999          2000          1999
                                 ------------  ------------  ------------  ------------
<S>                              <C>           <C>           <C>           <C>
INCOME:

Dividends and interest income     $   15,761   $    11,106   $    24,576    $   22,665
                                 ------------  ------------  ------------  ------------

EXPENSES:

Professional fees                      8,401         7,288         8,415         8,948
Office expense                         5,748            43         6,059           565
Taxes, licenses, and fees                256           673           783         1,073
                                 ------------  ------------  ------------  ------------
                                      14,405         8,004        15,257        10,586
                                 ------------  ------------  ------------  ------------

NET INCOME BEFORE INCOME TAXES         1,356         3,102         9,319        12,079

FEDERAL INCOME TAX                     2,392           -           2,392           -
                                 ------------  ------------  ------------  ------------

NET INCOME (LOSS)                $    (1,036)  $     3,102   $     6,927   $    12,079
                                 ============  ============  ============  ============

BASIC INCOME PER SHARE (based
upon weighted average share
outstanding)                            NIL          NIL          NIL           NIL
                                 ============  ============  ============  ============

</TABLE>






















See  accompanying  note  to  financial  statements.

<PAGE>

METALINE  MINING  &  LEASING  COMPANY
STATEMENTS  OF  CASH  FLOWS  (UNAUDITED)

<TABLE>
                                                         Three Months Ended
                                                               June 30,
                                                      --------------------------
                                                          2000          1999
                                                      ------------  ------------
<S>                                                   <C>           <C>
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

CASH  FLOWS  FROM  OPERATING  ACTIVITIES:
   Net income                                         $     6,927    $   12,079
     Adjustments to reconcile net income to net cash
       provided  by  operating  activities:
       Decrease  in:
         Accounts payable                                      (9)         (306)
         Income tax payable                                (5,013)          -
                                                      ------------  ------------

      Net cash provided by operating activities             1,905        11,773
                                                      ------------  ------------

NET INCREASE IN CASH AND CASH EQUIVALENTS                   1,905        11,773

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD          1,059,724     1,039,809
                                                      ------------  ------------

CASH AND CASH EQUIVALENTS, END OF PERIOD              $ 1,061,629   $ 1,051,582
                                                      ============  ============

</TABLE>

























See  accompanying  note  to  financial  statements.


<PAGE>
CIMARRON-GRANDVIEW  GROUP,  INC.
NOTE  TO  FINANCIAL  STATEMENTS



BASIS  OF  PRESENTATION:


          The  financial  statements  included  herein  have  been  prepared  by
Cimarron-Grandview  Group,  Inc.  (the  Company), without audit, pursuant to the
rules  and  regulations  of  the  Securities  and Exchange Commission (the SEC).
Certain  information  and  footnote  disclosures  normally included in financial
statements  prepared in accordance with generally accepted accounting principles
have been omitted pursuant to such SEC rules and regulations.  In the opinion of
management  of  the  Company,  the  foregoing statements contain all adjustments
necessary to present fairly the financial position of the Company as of June 30,
2000,  and  its  results  of operations for the six-month periods ended June 30,
2000  and   1999,  and  its   cash  flows  for  the   six-month   periods  ended
June  30,  2000  and  1999.  The  interim  results  reflected  in  the foregoing
financial  statements  are not considered indicative of the results expected for
the  full  fiscal  year.









































<PAGE>

                     METALINE  MINING  AND  LEASING  COMPANY
                                 FORM  10-QSB
                 FOR  THE  QUARTERLY  PERIOD  ENDED JUNE 30, 2000


Item  2.  Management's  Discussion  and  Analysis  or  Plan  of  Operation

The  Registrant  has  no  revenues  from  operations.  It's only income has been
derived  from  interest.

The  Registrant's  plan  of operation for the next twelve months will consist of
attempting  to  acquire  an  interest  in  a  business  opportunity.  Due to the
Registrant's  limited assets and its inability to raise additional financing due
to  the  lack  of a market for its Common Stock, it is anticipated that any such
acquisition  would  be  a  "reverse  take-over" accomplished through a merger or
share  exchange.  In  such  event,  the Registrant's existing shareholders would
likely  become  minority shareholders in the surviving entity. The Registrant is
not  currently  evaluating  any  specific  acquisition  opportunities.

The  Company does not currently have any employees and anticipates utilizing the
services  of  consultants  to  accomplish  its  plan  of  operation. The Company
currently  has  sufficient  resources  to meet its financial obligations for the
next  twelve  months.

                            PART II OTHER INFORMATION

Item 5.  Other  Information.

On  June  30, 2000 Eunice R. Campbell resigned as an Officer and Director of the
Company.  On  that date the Board of Directors appointed Albert M. Zlotnick as a
Director  to  fill  the  vacancy on the Board for the remainder of the unexpired
term.   Mr.  Zlotnick   is  a  shareholder   of  Cimarron-Grandview   and  holds
approximately fifty percent (50%) of the Company's outstanding shares. The Board
appointed  has  William  R.  Green  to  serve  as  the  Company's  Secretary.

Item  6.  Exhibits  and  Reports  of  Form  8-K

(b)  Reports  on  Form  8-K

During  the  Quarter  ended  March  31,  1999 the Registrant filed no Form 8-Ks:

     SIGNATURES

In  accordance  with  Section  13 or 15(d)  of the  Exchange Act  the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

METALINE  MINING  &  LEASING  COMPANY

BY: /s/ Gregory B. Lipsker                         DATE:  August  11,  2000
GREGORY  B.  LIPSKER,  President


BY: /s/ William R. Green                           DATE:  August  11,  2000
WILLIAM  R.  GREEN,  Secretary