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Nautilus Minerals Inc NUSMF

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

Bullboard Posts
Post by kroghon Oct 10, 2007 5:03am
347 Views
Post# 13545670

19m or 90m? Easy to confuse by ear.

19m or 90m? Easy to confuse by ear.There has been no drilling results to 90 m published. I don't think their drill can go deeper than around 20m. What they have seen are holes of around 19m ending in mineralization. The deposit is probably deeper, but they don't know yet, IMHO. But we have enough metal to meet a production goal of 2m tonnes per year. I don't see a problem with our resource size, but who knows. We will also be able to increase the annual tonnage. Cheers.
Bullboard Posts