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 gharibmon May 04, 2003 2:01pm

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Post# 6064689

RE: when is takeover

The 2002 AR is on https://www.sedar.com according to AR the Buick well is currently producing at 16 mmcf/d and that current company production including their 30% interest in Buick is 10 mmcf/d and 150 bbls/d that is 1817 boe/d. If we value the company at a coservative $25000 per flowing barrel it would fetch 45.4 M$ with 28.4 M shares (fully diluted) that is $1.60 a share. On the other hand established reserves are 12.9 Bcf and 864,000 bbls or 3.014 mmboe (mostly gas) add to that very highly prospective gas acreage and you get roughly the same value.

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