Pacific Booker Minerals Inc. (TSXV:BKM,NYSE:PBM) released information on the Morrison Copper/Gold Project’s economic effects. The total expenditures for the life of the Project are estimated to be at approximately $2.5 billion and the total increase in the Gross Domestic Product during the two-year construction period is expected to total $208.6 million. The information provided above is taken from the Environmental Assessment Certificate documentation prepared by the BCEAO (report dated August 21, 2012) for the Morrison Copper/Gold Project.
As quoted in the press release:
The contribution to government tax revenues during the two year construction period will annually generate $22 million in direct tax revenue, of which $9.5 million would go to the federal government and approximately $12.7 million would go to the province. In addition, the supply industry will generate $7.1 million in federal tax revenue, $5.7 million in provincial tax revenue and $0.9 million in municipal tax revenue. The total annual government tax revenue is estimated to be $35.8 million per year for a total of $71.6 million.
Click here to read the Pacific Booker Minerals Inc. (TSXV:BKM,NYSE:PBM) press release
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MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1846.53 | +0.13 | |
| Silver | 21.75 | +0.03 | |
| Copper | 4.30 | +0.02 | |
| Palladium | 1968.65 | +11.53 | |
| Platinum | 957.67 | +3.19 | |
| Oil | 110.35 | -1.86 | |
| Heating Oil | 3.62 | -0.05 | |
| Natural Gas | 8.06 | -0.25 | |