Nautilus Minerals Inc NUSMF

Metals & Mining Industrial Metals & Minerals

Nautilus Minerals Inc is a Canada-based company engaged in the exploration and development of the ocean floor for copper and gold-rich seafloor massive sulfide deposits and for manganese, nickel, copper, and cobalt nodule deposits. Its primary segment is Mineral Property Exploration in Australasia. The exploration activity involves the search for deep-water copper and gold-rich seafloor massive sulfides in the western Pacific Ocean and nodule deposits in the eastern Pacific Ocean. Its principal project is the Solwara 1 Project in Papua New Guinea (PNG) in the Bismarck Sea.

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Nautilus Minerals Inc

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Comment by jak54on Aug 26, 2010 3:54pm

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Post# 17387275

RE: RE: Missed deadline for JV

M10
Without a JV this company will not move forword to production of solwara 1.The 30 mil spent on exploration will
cause the share price to fall.Next year they'll have 143mil in the bank and so on until there's nothing left. Management will have done OK hell employment for 10 years plus a good nest egg for those still their.
Right now the company is asking for 250-300mil to by into this venture.So if it l take s 500mil to mine solwara and they have 150mil left.They.re gona come up short even with a JV.
jak54

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