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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Post by Bernardbaruchon Nov 25, 2002 10:25pm

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Post# 5615745

Big buying

I bought the stock today because I believe that two 30% wells totalling 60mm cf/d gas could give NUS $1.50/per share incremental cash flow. The stock has $4 to $5 potential. Downside is $0.50, and the news is good so far. Nice risk/reward ratio. BB long NUS

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