Nautilus Minerals Inc NUSMF

news on the web site.

[krogh]

This stock is trading strangely. I was totally wrong when I bought two weeks ago. I should have waited. Whatever, that is impossible to know in advance. More importantly, there is a news release on the web site. Nautilus has received sampling results from Placer Dome. The grades are in line with the earlier surface values. The average grades of the new samples are: 15.5 g/t Au, 9.6% Cu, 138 g/t Ag, 5.1% Zn, 0.8% Pb and 199 ppm Mo. This should correspond to a metal value of around $1200 per ton! The total size of the two sampled zones is 1300 m along strike, between 80 and 200 m in width, and at least 20 m in depth. Then there is 20 m of chimney rising above the sea floor. Let us say 1300m x 150 m x 30 m = 5.9 million m3. With a density of 2.5 tonnes/m3, the total rock weight is around 15 million tonnes. The value of this metal at current market prices is around 18 billion dollars! It could be bigger; many holes terminated in mineralization. And they have at least 12 other unexplored zones left for the future. If they have more than 12 other zones and they are comparable to this first zone, then it is an almost unbelievable resource. And the operating costs and upstart costs should be small, which makes it totally amazing. The high grades make the metal extraction from gthe rock much cheaper. It is basically just metal and a little rock. Okay almost! I guess we are waiting for a few things now: When will they get permits? When will they start mining? What will happen to the joint venture with Barrick(Placer Dome). My hope is that they have timed the stock listing with a period of high activity such that the shareholders will not just be waiting and waiting In the best case, we will have an undiscounted NPV of more than 100 billion dollars in a few years! Cheers.