pacific booker minerals inc
(BKM:Venture)
pacific booker minerals inc (BKM) Snapshot
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Open
C$3.51
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Previous Close
C$3.79
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Day High
C$3.91
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Day Low
C$3.51
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52 Week High
09/26/12 - C$14.95
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52 Week Low
10/5/12 - C$2.80
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Market Cap
48.0M
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Average Volume 10 Days
2.3K
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EPS TTM
C$-0.25
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Shares Outstanding
12.3M
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EX-Date
--
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P/E TM
--
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Dividend
--
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Dividend Yield
--
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Pacific Booker Minerals Inc. engages in the exploration of mineral property interests in Canada. It primarily holds a 100% interest in the Morrison Project, a copper/gold exploration project located in British Columbia. The company was formerly known as Booker Gold Explorations Limited and changed its name to Pacific Booker Minerals Inc. in February 2000. Pacific Booker Minerals Inc. was incorporated in 1983 and is headquartered in Vancouver, Canada.
pacific booker minerals inc (BKM) Top Compensated Officers
pacific booker minerals inc (BKM) Key Developments
In March 2013, Pacific Booker Minerals Inc., through its counsel at Hunter Litigation Chambers, filed two separate requests to the Environmental Assessment Office (EAO), the Ministry of the Environment (MOE) and the Ministry of Energy, Mines, and Natural Gas (MEM) to access records under the Freedom of Information and Protection of Privacy Act. The purpose of these requests was to obtain further information regarding the government's decision to deny Pacific Booker's application for an Environmental Assessment Certificate in connection with the proposed Morrison Copper/Gold Mine. The first request, submitted on March 7, 2013, was for a copy of a report containing the recommendations of the Executive Director of the EAO, as submitted by the EAO to the MOE and the MEM on or about August 21, 2012 (as well as any subsequent or revised versions of the Recommendations). The EAO provided a copy of the August 21, 2012 Executive Director's Recommendations as per the request. In contrast, the MOE responded to the first request on April 8, 2013 and advised that no records were located in response to the request. Pacific Booker has serious concerns with the MOE's response. The EAO was under a statutory obligation pursuant to the Environmental Assessment Act to provide a copy of the August 21, 2012 Executive Director's Recommendations to the MOE. The MOE's contention that it does not have a copy of the August 21, 2012 Executive Director's Recommendations raises questions about whether the Environmental Assessment Act has been complied with and whether the MOE has properly discharged its statutory duties to provide documents to the public in response to freedom of information requests. Pacific Booker's second freedom of information request, submitted on March 20, 2013, was for: all documents submitted by the EAO to the MOE and/or the MEM between August 1, 2012 and October 1, 2012; and all documents relating to the denial of Pacific Booker's application for an environmental assessment certificate. On April 9, 2013, the MOE again advised Pacific Booker that no records were located in response to the request. The EAO and MEM have not yet responded to Pacific Booker's second request. The MOE's position that it has no documents in its possession that are responsive to either of Pacific Booker's freedom of information requests raises serious questions about the adequacy of the MOE's record-keeping, or alternatively, about whether the MOE is properly discharging its statutory duties to search for and provide records to the public under the Freedom of Information and Protection of Privacy Act. Pacific Booker is currently considering all of its options and may file a complaint with the Office of the Information and Privacy Commissioner regarding the MOE's handling of these requests.
Pacific Booker Minerals Inc. reported unaudited earnings results for the third quarter and nine months ended October 31, 2012. For the quarter, the company’s loss from operations was CAD 687,570 against CAD 1,024,160 a year ago. Loss and comprehensive loss for the period was CAD 687,570 against CAD 1,024,160 a year ago. Basic and diluted loss per share was CAD 0.06 against CAD 0.09 a year ago. Net cash used in operating activities was CAD 176,341 against CAD 176,871 a year ago. The company incurred CAD 49,467 in exploration & evaluation expenditures on the Morrison property, compared to the incurred expenditures of CAD 81,638 for the previous quarter of the fiscal year. Revenue was CAD 389 against CAD 2,006 last year. Loss before other items was CAD 687,959 against CAD 1,026,166 last year. For the nine months, the company’s loss from operations was CAD 499,181 against CAD 2,996,502 a year ago. Loss and comprehensive loss for the period was CAD 499,181 against CAD 2,996,502 a year ago. Basic and diluted loss per share was CAD 0.04 against CAD 0.25 a year ago. Net cash provided by operating activities was CAD 1,126,502 against net cash used in operating activities of CAD 734,962 a year ago. Purchase of equipment, vehicles or furniture was CAD 649. The large amount on the statement of comprehensive loss is the gain from the settlement of the Rescan litigation, in the amount of CAD 1.8 million, reducing the loss for the period. The company recovered geotechnical fees from the Rescan litigation settlement in the amount of CAD 186,402 and incurred CAD 258,130 in exploration & evaluation expenditures on the Morrison property, for a net expenditure of CAD 71,728, compared to the expenditure of CAD 924,562 in exploration & development during the same period in the previous fiscal year. Revenue was CAD 3,239 against CAD 7,585 last year. Loss before other items was CAD 502,420 against CAD 3,004,087 last year.
Pacific Booker Minerals Inc. provided some information on the conclusions of the Canadian Environmental Assessment Agency on the Morrison project. The EAO Environmental Assessment concluded that there are no significant adverse environmental effects. This was supported by an EAO commissioned independent 3rd Party review. In addition, the Executive Directors' report stated that the EAO determined that there would be no significant residual adverse effects from the proposed Project on water quality and fisheries resources.
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Industry Analysis
BKM
Industry Average
| Valuation | BKM | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 1.5x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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To contact PACIFIC BOOKER MINERALS INC, please visit www.pacificbooker.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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