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Pacific Booker Minerals Inc V.BKM

Alternate Symbol(s):  PBMLF

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

Bullboard Posts
Comment by ChristyClarkon Apr 02, 2015 1:03pm
264 Views
Post# 23592152

RE:bargain prices !

RE:bargain prices ! It will definitely double from the current $5.80 share price with the certificate in hand. The NPV of the mine is over $500M using rolling 4-year metals prices and an 8% discount rate, which is conservative. The current low price reflects permitting risk. The mining world will flood into this the week the cert is issued, up to about $180M market cap point is my guess, or $15/share. Do not forget that Renmark was hired in 2013/2014 to cultivate potential investors, who in my opinion will feel comfortable allocating money after the risk is off the table. Also, with a 12m share float, the price will explode on a cert - after all, we have all been waiting in agony for years, will you sell your shares for sub $15 after a cert is issued?
Bullboard Posts