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 Apr 11, 2011 4:58am

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Post# 18412183

RE: RE: RE: nice recovery

Drilling info way overdue. Last time they released positive drilling results the share price went down as the market seemed to waiting for either the PNG JV announcement or a major partner JV announcement. I would think they would want to announce the JV partner first (I hope) this time then follow it up with drilling news. Fingers crossed on that one. As for the vessel when I spoke to them they said they were going to charter one and modify it. In 2006 NUS had announced an agreement with Jan De Nul forecasting a cost of approx. one hundred and twenty million for construction although that deal was cancelled in 2007.

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