Bullion Monarch Mining (fka BULM)

[bwldforbucks1]

Cross posted on other board as well.....

The company's PR today on its Swedish exploration program I believe illustrates the attractiveness of the business model.

Per today's release and the key point:

"Designated Project and Regional Strategic Alliance exploration work is solely funded by Antofagasta."

Judging from the lack of price movement, obviously they didn't really hit anything of note, and they intimated they would drill other prospects within this designated project. Again see quote above, no money out of pocket.

Once this merger goes through and the company continues to acquire large tracts of exploratory lands, they will continue to find partners to fund drilling on promising properties (as they've proven they are able to do) and hopefully see some tangible results in time.

What is the appropriate price of this option? This is where I continually disagree with the current market valuation. FWIW.