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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Post by dropshotvolleyon Aug 31, 2011 12:08am

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Post# 18996492

PNG Audit

From what I have heard the PNG representatives have been in the Brisbane office working on the audit relating to the 25M payment. Of course the payment was supposed to have been made August 1 but I think we all knew it was going to be delayed. As for the new NI-43-101 for Solwara 1 that is being worked on or may be released October, November or December. I could not really get a firm commitment as to whether the the NI-43-101 was being worked on and due for release. I would assume that drilling results for the other Solwara prospects would be released at the same time. It would be interesting to see from Ridgeback if there has been any change in institutional ownership although institutions report quarterly, bi yearly and some yearly so there may not be any major changes at this point.

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