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 06, 2012 1:24am

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Post# 20322934

RE: PNG's opening statements?

Thanks for that one. Interesting to see the PNG legal argument and their spin. A couple of years ago we were looking for a major JV partner. With what is going on now ... good luck. Maybe the Chinese will take the gamble. Arbitration may lead to nothing really being resolved here even with the Australian judge. I wonder what happens if one of the two NUS or PNG do not agree with Arbitrators decision? Court action? Where? In the PNG court system? Again, I think drilling season is in November through February? Best bet is to drill and drill to prove up as big of a high grade resource as possible. This will help to force it closer to production IMO.

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