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Pacific Booker Minerals Inc V.BKM

Alternate Symbol(s):  PBMLF

Pacific Booker Minerals Inc. is a Canadian 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, BC 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 is in the design stage of the exploration and evaluation of the Morrison property.


TSXV:BKM - Post by User

Comment by Loughatorickon Jan 23, 2022 4:40pm
209 Views
Post# 34350349

RE:RE:Consensus ?

RE:RE:Consensus ? If we don't obtain an EAC, it would appear that we have three choices.

Option 1 - Re-apply for EAC. This option isn't promising as we would be applying under the 2018 Act. The province says that before they will entertain an application, there must be evidence of Native buy-in to the project. As the Lake Babine Nation has been dead-set against the mine, I can't see any use in pursuing this option unless Pacific Booker needs proof that this option is not viable.

Option 2 - Go to court to challenge the denial under the 2002 Act. In my opinion,
the EAO asked for way to much additional information in 2015. It appears that
they asked for so much information in order to indefinitely postpone having
to give Pacific Booker an EAC without paying any money to cancel our claims.
In addition, the Government scrubbed the EAO 2012 assessment, taking out the
no adverse effects conclusion and didn't consider the Lake Behaviour studies conducred
by Pacific Booker in 2015/16/17. Further, Pacific Booker didn't receive expected assistance
from the EAO in designing the requested documents research.So it appears that court would find that Pacific Booker was not treated fairly and direct the Government to reconsider the denial.

Option 3 - Ask court to direct the Government to buy out our mineral lease because we spent millions to develop a safe mine and Government has no desire to issue a permit.

i am not a lawyer, so that is my two cents opinion. I have read other shareholders expecting government to pay 3x's damages. We would need to prove government was acting with bad intent.
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