Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Pacific Booker Minerals Inc PBMLF


Primary Symbol: V.BKM

Pacific Booker Minerals Inc. is a Canada-based natural resource exploration company. The Company's principal business activity is the exploration of its mineral property interests, with its principal mineral property interests located in Canada. The Company is in the advanced stage of exploration of the Morrison deposit, a porphyry copper/gold/molybdenum ore body, located approximately 35 kilometers (km) north of Granisle, British Columbia and situated within the Babine Lake Porphyry Copper Belt. It has a 100% interest in certain mineral claims located contiguous to the Morrison claims. The Company is proposing an open-pit mining and milling operation for the production of copper/gold/silver concentrate and molybdenum concentrate. It is located within 29 km of two former producing copper mines, Bell and Granisle. The Company also holds a 100% interest in certain mineral claims located in the Omineca District of the Province of British Columbia.


TSXV:BKM - Post by User

Comment by CopperBull2021on Jul 01, 2022 6:09pm
154 Views
Post# 34796802

RE:RE:Kent Zehr is not qualified to assess Morrison.

RE:RE:Kent Zehr is not qualified to assess Morrison.
People are delusional if they think the BC Ministry is suddenly going to give PBM a bunch of attention, ie "tell them what needs to be done" in a meeting.

People are friggin stupid if they think PBM might "determine what additions or amendments to the proposed project would be necessary for its approval IN THE NEAR FUTURE."

PBM had 10 friggin years to draft a proper SAIR and move the project forward.  PBM drafted SAIRs that mocked what was *clearly* asked for in orders and emails and then argued with the Ministry about how it thought it should get a certificate.   And now the same people expect to get a meeting with the Ministry ?  How stupid can people be ?

A SAIR isn't on the table anymore.  That ship has sailed.  It is way, way premature to "ask what needs to be done".   The first step is a project scope proposal and a terms of reference.  The discussion about what changes need to be made to the project will come out in the course of discussions with the stakeholders once that work has been completed.

Shareholders don't get this but, regardless of what John says, the FN were only a small part of why the certificate wasn't issued.  The Ministry has serious doubts about some of the technical aspects of the mine.   They want PBM to look at an alternative design, if only to appease them.  It is within their power to do so.

John and crew have had 4 months since the denial to develop a plan to move forward and table it and they have done nothing.  The hiring of Kent Zehr to produce his "report" is a complete joke.  His reference to "other matters at play" does nothing but perpetuate conspiracy theory bullshit.  The Ministers (3 sets of them, from 2 different parties) clearly outlined the work they wanted PBM to do numerous times.  PBM, like a stubborn student, refused to do their homework.  What did PBM expect to happen ?  John was friggin delusional if he ever actually thought PBM had a chance of getting a certificate.  He should be sued for fraud for every time he told someone that on the phone.

Shareholders don't realize this, but John, Ruth and Erik need to be replaced.  This company needs to be rebuilt from ground zero with new, competent leadership.   80% of what John tells people is complete BS.  He is in way over his head in dealing with issues.  He has no ltechnical background in mine development.  He should have never been CEO of this company to begin with.   John is a stock promoter.  PBM needs a leader with experience in mine development.

Here is the sequence of events that needs to happen to rebuild PBM.  If you want something to change you have to change what you are doing.

1) Fire John, Ruth and Erik.  Do not keep them on as advisors.  Everything they know has been well documented.  Cancel their share options.  At this point anyone who supports John is an idiot.

2) Start a search for a new CEO, secretary and head engineer.

3) Have the head engineer start drafting the proposed project scope statement as well as the terms of reference document.

4) Hire a new CEO and secretary.

The legislative window that would have allowed PBM to obtain federal environmental approval from obtaining provincial approval has expired.  Morrison will also be subject to federal approval.  This needs to be looked into and the process started so that overlap between the two applications can be minimized. 

Any and all references that PBM a) "should have" gotten the certificate, b) should sue the government and c) that back door dealings or the FN caused PBM to not get the certificate need to be killed from now on.  Read that sentence again, especially if you are a regular poster on this site and especially if your name is $100,000Salmon.    

None of those things matter.  All of those things are in the past. The only thing that matters is replacing the current management team with new, competent people and moving forward with a completely new EA proposal.

He's another tip: real companies issue forward looking news releases.  Decisions get made at board meetings.  Investors don't call up the CEO for the latest information on the company.  PBM isn't going to get new investment until it looks professional and acts professional.  Investors get what investors demand.  Stop allowing this company to act like the Bad News Bears of the mining industry. 

Good luck.   

<< Previous
Bullboard Posts
Next >>