Bullion Monarch Mining (fka BULM)

[invest72more]

It cannot be refined on site. The nearest refiners are in Salt Lake City. The SLC refineries have made substantial improvements in the last couple of years to be able to refine the type of "black wax" coming out of the Uinta Basin. My guess is the type of "oil" they are getting from the shale probably has some different charateristics than normal "crude oil" and they are trying to determine whether it can be sent to a refinery like other types of crude oil or whether it has different market applications. This may be the reason it has not gotten off the ground yet. It is starting to make sense.