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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

Post by $500,000Salmonon Feb 20, 2021 1:31pm
280 Views
Post# 32619073

$2000 for every woman, man in child in BC!

$2000 for every woman, man in child in BC!The politicians need to know that this is a significant project, with substantial ($10 billion) financial implications.

There are approx 5 million people living in BC

At today's prices the mine has approx $10 billion in ore.
Over $7 billion of copper, approx $2 billion in gold, plus silver, moly and rare earth metals.

That's $2,000 per citizen

I am baffled how the article referred to the mine:
 "the Morrison Lake copper-gold mine is comparatively small"

$10 billion is a lot of money. Our politicians spend a lot of time arguing over a lot less.

I recall that John found out that the BC Liberals changed the name of Pacific Booker Minerals in their report to something similar, but different enough that it would go unnoticed. At the same time, and perhaps more importantly, they somehow got away with reducing expected mineral tax revenue by 60 or 70%. As I recall, by reducing mineral tax expected revenues the BC Liberals were able to reclassify the mine to a small project with less than $100 million in mineral taxes. 

This is obviously not the biggest mine in BC, however it is indeed substanial. The Morrison mine has more ore than was recovered in both the Granisle and Bell mines combined.

Politicians need to know that there is $10 billion in ore. It is hard to ignore and sweep a $10 billion project under the rug.


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