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 musingon Aug 31, 2011 12:46pm

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Post# 18998387

RE: placement price

I'm not disappointed. I like that the investors are large funds and institutions and that Anglo is involved. One way or the other more money was needed to move the project forward. The money is, in effect, being used for infrastructure, mobile infrastructure, necessary to move the project forward. I also like that many of the investors already have significant equity in the company. These are sophisticated investors who have dipped more than a toe into the business risk. Those investors are in far, far better postition to evaluate the business proposition that certainly myself.

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