Pacific Booker Minerals Inc. Provides Information on Economic
Effects
VANCOUVER, Feb. 6, 2013 /PRNewswire/ -- Pacific Booker
Minerals Inc. (NYSE MKT: PBM), (BKM.V) provides information on the
Morrison Copper/Gold Project's economic effects.
The total Project expenditures during the life of the Project
are estimated to be approximately $2.5
billion.
Provincial Gross Domestic Product (GDP) is a measure of the
value added to the provincial economy by activities attributable to
the Project. During the two year construction period, the total
increase in GDP from the Project's direct, indirect, and induced
effects are expected to total $104.3
million in each year of construction for a total of
$208.6 million.
The Project will provide 1,117 jobs per year during the two year
construction period. In each year of the construction period, the
Project and Supply Industry employees would benefit from
$78.7 million in household income for
a total of $157 million.
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.
During the 21 year operation period, the total increase in GDP
from the Project's direct, indirect, and induced effects are
estimated to total $50 million
annually for a total of $1,050
million ($1.05 billion). The
Project will provide 601 jobs per year during the 21 year operation
period. In each year of operation, the Project and Supply Industry
employees will benefit from $34.9
million in household income for a total of $723.9 million.
The contribution to government tax revenues during the 21 year
operation period will annually generate $5.4
million in direct tax revenue, of which $2.9 million would go to the federal government
and $2.5 million would go to the
province. In addition, the supply industry would generate
$3.0 million in federal tax revenue,
$2.5 million in provincial tax
revenue and $0.7 million in municipal
tax revenue. The total annual government tax revenue is estimated
to be $11.7 million per year for a
total of $245.7 million.
The total tax revenue from construction and operations is
$317.3 million in federal, provincial
and municipal taxes. Please note that the Provincial Mineral Tax
calculation is not included in this calculation.
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, and is available at the following
link, in Table 10 (on page 109) and Table 11 (on page 111).
http://a100.gov.bc.ca/appsdata/epic/documents/p224/1349109655841_1ff0dffc5745a57aff5cecf9e76f0725433a5b85003d9c2116bbf658733375a8.pdf
Please copy and paste this link into your internet browser if you
experience any difficulties with it.
If you would like to be added to our email newsgroup, please
send your request by email to info@pacificbooker.com.
Contact:
Gregory R. Anderson
Director, CEO and President
1-800-747-9911
1-800-234-3680
SOURCE Pacific Booker Minerals Inc.