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 16, 2003 11:27am

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Post# 6096232

RE: what is KTE bring to table

The new company KTE will have 17,900,000 shares fully diluted and all the assets of the two companies. Current gas production of 10 mmcf/d will help pay off the loan fairly quickly. CF will be much higher because of the small number of shares. I don't know how fast the Buick well will decline, but the company says the amount of water is declining and they don't expect it to increase. KTE is gaining on the news.

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