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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 May 31, 2021 7:12pm
244 Views
Post# 33299502

RE:I have been shorting up here

RE:I have been shorting up hereHi Amordeck,

Pacific Booker hasn't performed the requested 2015 SAIR work.
in fact, they have done nothing other than issuing stock
options and entertaining investors for the past two years.

i also note that the Gold Commissioner stated that there was
no indication that PB would be granted authority to mine in the
near future.

That being said, the price of copper and gold has risen to the
stratosphere, so in my mind, there is a real chance that the
mine will be approved by both the Province and Indian Band
and PB stock will rise to the stratosphere. Note that the Province
granted the Band $ 30,000,000 recently, and this year advanced the
payment dates. Why would the Province pay this money and
obtain nothing in return ? Is it possible that the money was to
obtain Band approval for the Morrison mine ?

Shorting PB stock on your part seems fairly rash given the
potential jump in PB's stock price.
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