Bullion Monarch Mining (fka BULM)

[iancassel]

yes it is true..the judge must get back to BULM by September with a court date and the court date will likely be within 6 months of that so lets call it by Feb 2011 at the latest..

Here is an aerial photo of the 256 sq mile area of interest
http://iancassel.com/wp-content/uploads/2010/03/Carlin-Maps-13.pdf

That said that photo doesn't even give it justice. When i visited BULM they had maps showing where the current/old/future mines exist in that area. Needless to say it looked like their were quite a few mines located in this area.

I actually believe a win against Newmont is 50/50 from what I've learned, and those aren't bad odds for a lottery ticket that will pay out 10x+ if successful.

If they win my guess is they get $30-40 million in back royalties plus another $10 million per annum (for 60-70 years) which will likely increase as new mines come online. So you can see how a $500 million, $1 billion, maybe even $2 billion payday isn't that far fetched.

regards,

IC