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 Jun 02, 2012 4:34am

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Post# 19973946

RE: RE: Sometimes life SUCKS

We all knew the PNG was not going to come up with the funds. Of course they were/are looking for the free ride. I posted that a long time ago. Vessel financing was taking to long also. I had already written that possibility off some time ago. NUS will have to fund the whole thing by themselves or with a partner(s). Who knows maybe 700 million shares outstanding but I doubt we are going to see any underwritings by brokers now? ORT also seems to be having problems getting stock to move anywhere but down but it would seem closer to being able to self finance the SGA plant via the production of high quality alumina. I am going to hold NUS and write the whole thing off. Monday probably another NUS slaughter maybe down to .80 or so. What to do? Drill, wait and look for more partners, wait for market to recover over the next who knows how many years. Drilling very expensive under water but what the heck. Time for a new CEO?

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