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 carolinacoaston Jun 02, 2012 10:17pm

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Post# 19975035

RE: RE: RE: Sometimes life SUCKS

Makes the Atlantis II Deeps a better bet, as it's been described as mineral-laden mud the consistency of toothpaste, and open at depth, huge resource, sponsored by the Saudis who expected to develop it 2014. No more news on DFI than just that, and they also have tanked due to their affiliation with any Canadian exchange (the ultimate death spiral). But Nautilus doesn't have their ducks in a row, and this went up on sheer enthusiasm, only. Ocean mining fad has come and gone, also. Had it continued, someone would have noticed the potential A II Deeps possesses and moved forward.

Investment-wise, neither are worthy of being called a buy, IMO.

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