Pacific Booker Minerals has engaged Tetra Tech to conduct a Pre-Feasibility Study for its Morrison Copper-Gold Project, a key step in advancing the project in British Columbia. This study aims to update resource estimates and economic assessments.
On August 21, 2026, Pacific Booker Minerals Inc. announced the start of a Pre-Feasibility Study (PFS) for its 100%-owned Morrison Copper-Gold Project in central British Columbia. Tetra Tech Canada Inc. will carry out the study, which will include an updated Mineral Resource Estimate and a thorough economic analysis. Results are expected by early 2027. This marks an important step forward for a project that has been under exploration for decades.
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Pacific Booker Minerals Inc.
BKM.V
BKM.V
Pacific Booker Minerals Inc.
WealthAwesomeMarket cap
$53.22M
52W high
$3.50
52W low
$0.76
1W change
+9.37%
Beta
-0.92
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on BKM's historical volatility
30-Day Vol
84.4%
Annualized
90-Day Vol
117.6%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$3.35
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$2.97 | C$2.22 – C$3.98 |
| 60 trading days | C$3.15 | C$2.09 – C$4.76 |
| 90 trading days | C$3.35 | C$2.02 – C$5.54 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Long-term investors should keep an eye on the PFS progress, as it may offer insights into the project's viability and potential value.
What the Pre-Feasibility Study Means for Morrison Project Valuation
The Morrison Copper-Gold Project currently has a market cap of CA$53.22 million. The upcoming PFS could significantly impact its valuation based on the updated resource estimates and economic assessments. Investors should look for the study results, expected in the first quarter of 2027, which will provide vital insights into the project's future.
Bull case
- Tetra Tech's involvement brings experienced professionals who are already familiar with the project, increasing the chances of a successful PFS.
- An updated Mineral Resource Estimate could uncover more valuable deposits, making the project more appealing to investors.
- The study will reflect current engineering standards and economic conditions, potentially leading to better project economics.
Bear case
- There are risks associated with the PFS, such as possible delays or negative findings that could affect the project's viability.
- Changes in market conditions or regulatory requirements could disrupt the project's timeline and increase costs.
- Investors should be aware of the speculative nature of mineral resource estimates, which don’t guarantee future economic viability.
The Importance of the Pre-Feasibility Study
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The Pre-Feasibility Study is a crucial step for Pacific Booker as it aims to provide a detailed assessment of the Morrison Project's potential. This study will not only update the Mineral Resource Estimate but also evaluate the project's economic viability under current market conditions. Investors should pay close attention to the findings, as they will guide future development decisions and investment opportunities.
Engagement of Tetra Tech: A Strategic Move
Tetra Tech's involvement is significant due to their previous experience with the Morrison Project. Their familiarity with the deposit and engineering design will likely enhance the quality of the PFS. The multidisciplinary team assembled for this study includes experts in various fields, ensuring a comprehensive approach to the project's evaluation.
Financial Implications of the Study
With the recent exercise of stock options generating approximately CA$2.07 million for Pacific Booker, the company is well-positioned to fund the PFS and other operational needs. This financial backing is crucial for maintaining momentum in the project's development and addressing any unforeseen challenges that may arise during the study.
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