Bullion Monarch Mining (fka BULM)

[iancassel]

basically what they are doing is tweaking the pilot plant. It is a completely new technology and plant so every part of the pilot plant has been fabricated from scratch. I think the "tweaking" with the pilot plant could take most of this year before they have the output they want. If they are successful, they will then look to do a feasibility study (ie basically a detailed report giving capex projections and P/L projections for the big plant) which when completed they will show to major investors/companies. They will likely do the licensing route as its the most cost effective. Again ALOT has to be done to get from where we are today to a completed feasibility study. The good news is most if not all of the capex for this pilot plant ($2-3 million) has already been spent. Just adds to the blue sky with no real risk since the money has already been spent. If successful its a game changer but they have a long way to go.