I’ll make a batch script for you then you just have to install somthings then just run the script after a lil prep.
follow this tut untill step 4 “compile!” http://mikepan.homeip.net/compileblender2 when you get to compile use my batch script
TortoiseProc.exe /command:update /path:"c:\build\blender" /notempfile /closeonend:1
TortoiseProc.exe /command:update /path:"c:\build\lib\windows" /notempfile /closeonend:1
cd c:\blender\blender
call scons BF_TOOLSET=mingw BF_BUILDDIR=c:\build\build_dir
cd c:\build\install\win32-mingw then go to c
call strip blender.exe
call strip blenderplayer.exe
pause
Copy that into notepad and save it as buildblender.bat then in windows explorer go to c:\build\install\win32-mingw\ and blender should be there. Also delate build_dir in c:\build when done.