Pacific Booker Minerals Reiterates 2009 Feasibility Study for Morrison Copper/Gold Project

Pacific Booker Minerals Inc. (TSXV:BKM,NYSEMKT:PBM) reiterates its 2009 Feasibility Study for its Morrison Copper/Gold Project, as defined by National Instrument 43-101, released in February 2009.

As quoted in the press release:

The proven and probable mineable reserve was estimated to be 224.25 Mt with an average grade of 0.33% Copper, 0.163 g/t Gold and 0.004% Molybdenum. The Capital cost estimate was CDN $516.68 million (including a CDN $59.92 million contingency allocation) and operating cost was CDN $8.15 per tonne milled over the life of the mine. The Pre-Income Tax Internal Rate of Return (“IRR”) was 20.05%, based on metal prices of (four year trailing average as of January 12, 2009) Copper ($2.75), Gold ($658.32) and Molybdenum ($29.23) . The Net Present Value (“NPV”) at 8.0% discount rate was CDN $495.9M.
Using a 5.0% discount rate, the NPV based on the Feasibility Study is estimated to be CDN $790M.

Click here to read the Pacific Booker Minerals Inc. (TSXV:BKM,NYSEMKT:PBM) press release
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