Nautilus Minerals Inc NUSMF

BMO numbers.

[krogh]

Thanks. There must be a full report, but it is probably only for BMO clients. I thought they would mine 2mt a year. But in any case, 492,600 ounces of gold, 4.54 million ounces of silver, 337.3 million pounds of copper and 67.5 million pounds of zinc should give much more than $4 per share in cash flow. BMO has probably used some very low metal prices. I would just like to see the numbers. It was the first tme I saw an estimate of CapEx. I actually thought, that we could start mining with the money already raised. But, of course some more money will be raised at some point. I just hope we stay around 130 million shares FD. I don't think there is a problem with the resource. It is gigantic when you combine all the deposits. The depth might not be important for many years, since it might be cheaper to take near surface material at Solwara1 and then move the ship to the next Solwara. This is the beginning of a new mining world. The low hanging fruits will be mined first at very low cost relative to the metal value. I am probably naive, but I am looking at CAD10 per share in cash flow in the beginning and then more when they build more ships. There is no upper limit to the number of ships in the longer run. Exploration has hardly scratched the surface yet. This is the most exciting stock that I know of. It will not be the best performer, but the story is fantastic, and NUS can keep growing in the long run. We might have the largest resource of any mining company including all majors. And there is almost no CapEx in going to a new deposit with a ship. Cheers.