Subsequent Events	9 Months Ended
Jan. 31, 2012
Subsequent Events
Subsequent Events [Text Block]	NOTE 9 SUBSEQUENT EVENTS On February 7, 2012, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Eurasian Minerals Inc., a Canadian company (“EMX”), pursuant to which the Company will be merged with a wholly-owned subsidiary of EMX (the "Transaction") and each outstanding common shares of the Company will be converted into the right to receive 0.45 of an EMX common share and $0.11 in cash. The Transaction is expected to close in the second quarter of 2012 and the Company’s shares will cease trading thereafter. The Transaction is subject to, among other things approval of the Company’s shareholders at a special meeting to be held to approve the Transaction. The Transaction is also subject to receipt of all necessary regulatory and stock exchange approvals and other customary closing conditions. In the event the Company’s board of directors changes its recommendation or terminates the Transaction under certain circumstances, Company has agreed to pay EMX a termination fee of $4 million.

Subsequent Events

9 Months Ended

Jan. 31, 2012

NOTE 9 SUBSEQUENT EVENTS

On February 7, 2012, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Eurasian Minerals Inc., a Canadian company (“EMX”), pursuant to which the Company will be merged with a wholly-owned subsidiary of EMX (the "Transaction") and each outstanding common shares of the Company will be converted into the right to receive 0.45 of an EMX common share and $0.11 in cash. The Transaction is expected to close in the second quarter of 2012 and the Company’s shares will cease trading thereafter.

The Transaction is subject to, among other things approval of the Company’s shareholders at a special meeting to be held to approve the Transaction. The Transaction is also subject to receipt of all necessary regulatory and stock exchange approvals and other customary closing conditions. In the event the Company’s board of directors changes its recommendation or terminates the Transaction under certain circumstances, Company has agreed to pay EMX a termination fee of $4 million.

Bullion Monarch Mining, Inc. (NEW) 10-Q