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

Bullboard Posts

Comment by Dave4444on Nov 03, 2009 7:49pm

270 Views

Post# 16449926

RE: RE: good for NUS

Currently, NUS is a science experiment, nothing more. The company has already stated that the current resources cannot be profitably mined. They will start mining, but at a loss as it is a science experiment for the big companies backing them. They have lots of cash, but will spend it over time on the science experiment and eventually have nothing to show for it other than interesting information. They will not move on to new project on land and so, either the under sea stuff works or it does not. Currently, it does not work at a profit.

Bullboard Posts

How to decrease sector risk by owning hundreds of mineral assets