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.

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Nautilus Minerals Inc

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Comment by dropshotvolleyon Mar 28, 2011 2:36pm

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Post# 18351099

RE: RE: Annual Report +++

Yes I agree the pending JV news is growing stale and the next two months (probably three months including delays for the PNG government to sign off if they do) is key. If they don't land the JV partner they also probably won't have the signature from the PNG government either so no doubt the "stock flounders and is nothing more than a cods breath ..." There could also be another PNG government delay until a JV partner(s) of more months continuing what appears to be this game of chicken. Regardless, if there are more delays and no JV parter(s) share price could drop to say $1.50 or lower. However, there is still drilling news to come and in the worst scenario with zero partners they still have funds to DRILL, DRILL, DRILL which would keep the play in action. Questions - This was probably announced before but what is the status of Solwara 1. Is it open in any directions? And. Does Rogers actually own any NUS stock as I can not seem to find this information anywhere? Please reply.

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