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 Sep 28, 2011 7:03pm

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Post# 19095847

RE: NUS Healthcheck

I don't think they will spend any money and blow the bank unless they are 100% sure they will be able to raise more funds. Back in 2008 they shut lots down after the Lehman event. They have or will soon have over 200M in the bank so I don't think there is much worry about being able to survive. As for world economic events by the time they get to production hopefully things will be on the upswing. Even if world economic events are still weak and commodity prices (copper in particular) continue to weaken if their production is economically successful the grade should ensure success. Still no news on PNG payment of 25M or the boat at this point. I would like to see NUS SP drop significantly for average down opportunities but it has held up pretty well even with Morgan dumping a bunch of stock.

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