Earnings Call Excerpt
Pacific Booker Minerals Inc. (PBM)
Wall Street Analyst Forum
March 27, 2008 11:50 am ET
Executives
Erik Tornquist - Executive Director, VP and COO
Presentation
Operator
Hi, good afternoon ladies and gentlemen. I'd like to introduce the next company, and this afternoon's metals and mining program. It is not just precious metals and mining program, but some diverse metals, including companies in the industrial metals and moly sector. We actually have two companies that are in the moly industry today, we had Thompson Creek earlier. We deliberately put a precious gold company in between the two so that the break out for Thompson would not compete with the group meeting for another company in a similar segment, so that was our logic there.
I would like to introduce Pacific Booker Minerals; they are in the final stages of completing Feasibility Study and Environmental Assessment of the Morrison copper/gold/molybdenum deposit located in Central British Columbia. Pacific Booker Minerals is proposing a 30,000 tonnes per day open-pit mining and milling operation for the production of copper/gold and molybdenum concentrate from the Morrison deposit.
The measured/indicated mineral resource is 206,869,000 tonnes, 0.46%, copper equivalent, and the inferred mineral resource of 56,524,000 tonnes grading at 0.47% copper equivalent. The Morrison deposit has the advantage of existing regional infrastructure to service the proposed mine. The start of the operation is targeted for the first quarter 2010.
I would like to introduce Erik Tornquist, who is the Executive Director, Vice President and Chief Operating Officer to be the primary speaker but he is accompanied today by Gregory Anderson, President and Chief Executive Officer of the company and John Plourde, Executive Director.
Erik Tornquist
Good morning and thank you for coming. Pacific Booker Minerals, we are demoting the Morrison Property. It's copper/gold/molybdenum and I have silver in bracket because we did not do sufficient essaying on silver to use it in a Feasibility Study. However, it will be used as an opportunity to enhance our project.
Our forward-looking statement basically says that there are no guarantees or life. I won't read the whole statement.
Pacific Booker Minerals, Inc. is trading on the Toronto Stock Exchange as BKM, and we are also trading on the American Stock Exchange as PBM. Pacific Booker Minerals owns 100% of Morrison property which is located in Central British Columbia, 65 kilometers northeast of Smithers and 35 kilometers north of the village of Granisle. And we are in the process of completing our Feasibility Study and our Environmental Assessment. We are proposing an open-pit mining and milling operation for the production of copper/gold/moly concentrate.
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