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 18, 2014 3:02pm

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Post# 22672346

RE:RE:Still In

I checked the NR again and all it says is that the funds were put into Escrow. There is no mention of a bank or trust. Who controls the Escrow Account? What bank were the funds placed into? What country is the Escrow Account located in? You can see where I am going with this. I can put funds into Escrow but that does not mean that the Escrow Account is going to pay anything to anyone. If it is the PNG that controls that Escrow Account then I don´t care what the Escrow Agreement calls for payment will be up to PNG and although the Escrow payment is a good sign it does not mean the NUS will get the funds easily or without changes to the % owned by PNG.

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