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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.


GREY:NUSMF - Post by User

Nautilus Minerals Inc
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Comment by kroghon Jun 09, 2007 2:29pm
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Post# 12918630

RE: In situ value of Solwara 4,6,7,8

RE: In situ value of Solwara 4,6,7,8Malom, I think we more or less agree. The 30 meters was arbitrary; using 15 meters would half the estimate. But it could also be much more than 30 meters. Only the future will show. About the maximum drill depth of approx. 18 m. That was basd on two things. Firstly, no drill hole was deeper than this, and many of them (if not all) ended in mineralization. Secondly, in the technical report on Sedar it is stated that Nautilus is negotiating about buying a better drill with a maximum deptgh of 15m. I wouldn't imagine that they would replace a deep hole drill with a 15 m drill. So that is how I imagined that they couldn't go deeper. The report is the one posted on Jan 5, 2007 on Sedar. Look at page 56. Cheers.
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