Wednesday, December 11, 2013 12:23:35 AM
"The Supreme Court of British Columbia issued a ruling late on Monday on a challenge by Pacific Booker Minerals Inc. (NYSEMKT: PBM) to an earlier ruling by the provincial government that denied the mining company an environmental permit to proceed with a new copper and gold mining project. The court has ruled that the government’s ruling “failed to comport with the requirements of procedural fairness” and has ordered the government to reconsider Pacific Booker’s petition."
"The company’s Morrison Copper/Gold Mine is a major reserve of copper and gold, with an estimated recoverable total of 1.37 billion pounds of copper and nearly 659,000 ounces of gold."
659,000 oz X $12,500 per oz = $823,000,000 in estimated gold
1.37B lb x $3.25 per lb = $4.8 BILLION in estimated copper
Court Issues Favorable Ruling on Pacific Booker Mine, Shares Zoom Up
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