Gold has been a spectacular investment until recently due to the drop in gold prices. We found a company completed its most successful year ever, ending its fiscal year at April 30, 2011 with record revenue of $6.2 million and record earnings of $0.05 per share.
Bullion Monarch Mining, Inc. (OTCBB: BULM)
The revenue was derived primarily from its Carlin Trend Royalty, a royalty claim block located in the renowned Carlin Trend in Northeastern Nevada, on which the Company holds a 1% GSR royalty. The Carlin Trend Royalty project is the Company’s flagship royalty property and includes portions of the following: the Leeville Mine, the East Ore Mine, the North Lantern Mine, the Turf Deposit and Four Corners Deposit. The majority (approximately 99.5%) of revenue that the Company currently earns is derived from combined production at the Leeville Mine and East Ore Mine (collectively, the “Leeville Mine Property”).
Company Snapshot:
Trading Symbol: | BULM |
Last Price: | $0.73 |
Avg Vol (3m): | 28,162 |
Market Cap: | 28.66M |
Corporation: | Fully audited SEC Corporation located in St. George, Utah |
Issued and Outstanding: | 39,074,755 shares |
Held by Insiders: | 14,760,000 shares |
Transfer Agent: | U.S. – Colonial Stock Transfer Company, Inc. 66 Exchange Place, Suite 100 Salt Lake City, UT 84111 Phone: (801) 355-5740 Fax: (801) 355-6505Canada – Olympia Transfer Services 2300, 125 – 9 Avenue SE |
Auditors: | Mantyla McReynolds LLC 5872 South 900 East, Suite 250 Salt Lake City, Utah 84121 Voice: (801) 269-1818 Fax: (801) 266-3481 |
SEC Councel: | Joshua E. Little Durham Jones & Pinegar 192 East 200 North, 3rd Floor St. George, UT 84770 Phone: (435)674-0400 Fax: (435)628-1610 |
Bullion Monarch Mining, Inc. is a gold-focused exploration and royalty company with additional interests in bauxite and oil-shale technology. BULM is focused on creating new royalties or participating interests through a continuous review of exploration opportunities.
BULM has three material subsidiaries, Dourave Mining and Exploration Inc. (“Dourave Canada”), Dourave Mineracao E Exploracao Mineral Ltda (“Dourave Brazil” and collectively with Dourave Canada, “Dourave”), and EnShale, Inc. (“EnShale”).
Dourave Canada is a wholly owned subsidiary of BULM and through Dourave Canada, BULM holds 99.99% of Dourave Brazil. Dourave Canada is a federally incorporated under the laws of Canada as 6854893 Canada Inc. in November 2007 and changed its name to Dourave Mining and Exploration Inc. in December 2007.
CEO History:
BULM has been run by the same CEo for over 40 years. Mr. R. Don Morris serves as the Chief Executive Officer of Bullion Monarch Mining, Inc., and served as its President since 1969. Mr. Morris has more than 40 years experience in all phases of natural resource development with broad emphasis in mining and extraction processes. He served as the Chief Executive Officer and President of Frost collection, Inc. from 1988 to 1990.
Mr. Morris served as Chief Financial Officer and Senior Vice President of Michaels Stores, Inc. since January 1990 and Executive Vice President since March 1997. He held with Michaels Stores until 1997. Mr. Morris serves as the Chairman of EnShale, Inc., and of Bullion Monarch Mining, Inc. He has been a Director of Craftmade International Inc. since October 2002. He has been a Director of Bullion Monarch Mining Inc. since 1969. Mr. Morris serves on Lake Cypress Springs Water Board which has the responsibility for overseeing the operations of Lake Cypress Springs. He served as a Director of Frost collection, Inc. from 1988 to 1990. He served as a Director of JumboSports, Inc. since March 1998.
Mr. Morris graduated from Texas Tech University with an M.B.A. in 1962. Mr. Morris received a Bachelor of Science degree in Geology from Brigham Young University in 1966. He finished graduate studies at Colorado School of Mines and McKay School of Mines in Nevada.
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