Nautilus Minerals Inc NUSMF

Pre Lim SF Prospectus + New Tech Report

[dropshotvolley]

IMO great news!!!
No underwriting share price level or dollar amount to be raised yet for preliminary short form prospectus (this I think is standard) but lead dealers TD and Credit Suisse. I have not had time to read the whole prospectus but looks like:
Anglo, Teck and Metalloinvest are going to participate.
The recent 2011 drilling campaign has been completed and a NI43-101 Technical Report will be released Q4 2011 which will update Solwara 1 and maybe include Solwara 12.
PSF Prospectus also includes (this may have been reported in the original NI43-101 Technical Report before but I never investigated close enough before) that at Solwara 1 there is:
Indicated: 870 kt 6.8% Cu, 4.8 g/t Au, 23 g/t Ag and 0.8% Zinc but there is ALSO an Inferred resource of : 1,300 kt 7.5% Cu, 7.2 g/t Au, 37 g/t Ag and 0.8% Zinc. As well, there is a description of all grab samples from the Solwara tenements (have seen this before) but in addition all the results of the grab samples from Tonga are included which also look very good.
I think I saw that there is to be more drilling during 2011 at Solwara 1, 12 and 5.
There is also a new Technical Report released on SEDAR May 3, 2001 that have not had time to read and don't really understand why it was released.
Looks to me like drilling information will come next maybe in an effort to prove viability, move the stock price up to reduce dilution and get the underwriting oversubscribed.
Looks great to me even if stock price does nothing looks like a buy again!!!
Buena suerte para todos!