Nautilus Minerals Share Discussion Threads

[venture traveller] 19/8/2010 14:56

Just found out about these. I wondered if anyone can help.

The market cap is 213mm, but they do not appear to be making any money at all at the moment.

Is this valuation purely on the potential? If so, then how much is the Solwara prospect going to be worth if it gets going?

Sorry to be asking what may seem basic questions, but sometimes this is a more productive way of finding out.

thanks

VT.

[andrbea] 18/8/2010 11:34

Nautilus prepares for SMS drilling in second half of 2010
16 August 2010

[nellie1973] 13/8/2010 16:58

Tipped in press-BUY

[smarm] 12/8/2010 09:13

wols - looks to be getting closer to me. The discussions with JV's are taking time because there are several of them (I surmise). Once the deals are done...well, it's just a timeline to get the job done.

The customised 'fishing' machines are going to be bought at $85m per each and will work 40% of the time. 5 days on, 1 day maintenance (something like that). They are in discussions over the 'boat' that will stay in place to house maintenance/crew etc. and then barges will ship the 'stuff' to shore. They've got permissions on the dock. I'm struggling to see where it can fail....other than badly designed machines (they will be bespoke) that don't do the job.

It all seems very real.

Nobody but you and me interested.

LOL.

S

[wolstencroft] 11/8/2010 19:47

I still hold from years back - a sleeper like NPE was I think, one day it will shine

[andrbea] 09/8/2010 07:58

July 19 2010

Which raises the question: Can deep-sea mining ever be carried out in a responsible way?

A Toronto-based company, Nautilus Minerals, is leading on this front. It is conducting the engineering phase of a sulphide-mining project in the Bismarck Sea, within the territorial waters of Papua New Guinea. As part of an environmental impact assessment required by that country's government, the company committed to reducing sediment plumes and long-term damage to the seabed ecosystem – including by leaving some of the area around the vent undisturbed so the endemic organisms there can recolonize the mine site.

[andrbea] 09/8/2010 07:56

looking at the spike a month ago, found this (about volumes):

July 13

The strong investors' interest and price appreciation towards the Canadian stock were proved yesterday by almost nineteen times higher than the three-month average volume traded.

This was the NUSMF volume record for the last five years.

[andrbea] 04/8/2010 08:06

BBC - The Deep
Episode 1 yesterday
same subject material as NUS in a way

hydrothermal vents, rich in minable sulphides....

all good stuff!

[andrbea] 29/7/2010 10:25

nus mentioned

[andrbea] 27/7/2010 15:14

nus has a head start on the Chinese project.. and the Indian one:

By Dr. M, on March 21st, 2010
The National Institute of Ocean Technology (NIOT) in India's motto is "The Technology for Harnessing the Wealth of the Ocean Starts Here." In April, NIOT will start the next phase of fields trials at 1000m for deep-sea mining equipment. Trials of the crawler were already successfully completed at 500 meters.

Why such the interest in deep-sea mining with initial costs near Us $32 million?

The Indian Ministry of Earth Sciences has taken a lease from the International Seabed Authority on 75,000 sq km in the Indian Ocean (map from the ISA of the mining province here). The manganese nodules and other rare minerals present in the sector are conservatively worth Us $50 billion. Thankfully the crawler will not be ready for operations for another 2 years.

[andrbea] 27/7/2010 08:23

July 8

The ISA will consider China's SWIR application next spring when they update their Mining Code on cobalt-rich crusts. Before then considerable debate over potential environmental ramifications of deep-sea mining is likely.

/...

Off Papua New Guinea, Canadian company Nautilus Minerals is already mining the seafloor for copper and gold in a deepwater project called Solwara I.

[andrbea] 26/7/2010 14:18

same article...


July 19, 2010
China Kicks Off Deep Sea Mining Race

////...


China filed its application on the very first day it was legally entitled to do so. It was only last month – after six years of negotiations – that parties to the UN convention agreed on regulations specific to the mining of "polymetallic sulphides."

These sulphur-bearing minerals, found around underwater geysers called "hydrothermal vents," often contain large quantities of gold, silver, copper, nickel and cobalt – which are used in the batteries and electronics of laptop computers, cellphones and hybrid cars.

But China's foray into deep-sea mining is not a serious threat, since other countries can file their own applications.

[andrbea] 26/7/2010 14:16

July 19 2010

A Toronto-based company, Nautilus Minerals, is leading on this front. It is conducting the engineering phase of a sulphide-mining project in the Bismarck Sea, within the territorial waters of Papua New Guinea. As part of an environmental impact assessment required by that country's government, the company committed to reducing sediment plumes and long-term damage to the seabed ecosystem – including by leaving some of the area around the vent undisturbed so the endemic organisms there can recolonize the mine site.

As the International Seabed Authority establishes detailed regulations and vets mining applications, it should ensure that practices beyond 200 nautical miles follow some combination of these Canadian models.

While the opening of the ocean depths is challenging, the risk of conflict is slight. Even China, hungry with growth, is playing within the rules.

[dcomd99] 26/7/2010 08:50

andrbea,

Although I sold a few when the share price was above 160p, I kept most of my shares because I thought it was possible that the Chinese could offer to be a partner with NUS. It will be interesting to see where NUS share price settles. This will be the time to buy back I suspect.

[andrbea] 26/7/2010 08:43

July 7

China has filed an application with the International Seabed Authority to begin mining sulphide deposits about a mile below the surface of the Indian Ocean. Chinese exploration has found metals such as copper, nickel and cobalt, as well as gold and silver, in large quantities near underwater geysers driven by volcanic activity.

A Canada-based company, Nautilus Minerals, is already extracting sulphide deposits within the territorial waters of Papua New Guinea.

[andrbea] 26/7/2010 08:41

14 July

The Chinese are the first to want to mine sulphide deposits, rich in mineral ores, in international waters, in the Indian Ocean. They hope to extract copper, cobalt, nickel, zinc, gold and silver. They have submitted an application to the International Seabed Authority (ISA)an independent organization that oversees seabed minerals. The ISA was formed in 1994, and is still in the process of writing up its Mining Code, the regulations and policies it is to enforce.
A Canadian company, Nautilus Minerals of Toronto, has begun work on a seabed mine in the waters of Papua New Guinea, and is the first in the world to do so. It hopes to be in operation by 2011 or 2012. The company's website says it has adapted the deep-sea technologies of the oil and gas industries in its mining operation.

[smarm] 23/7/2010 14:43

wols - you called this very well. I was in and out....but still watching with interest.

S

[grupo guitarlumber] 18/7/2010 07:27

cheers but had to take this link





i hope it works, if not i'll try again in the week

enjoy your sunday

[andrbea] 16/7/2010 08:22

chart link (nus.to)

[andrbea] 16/7/2010 08:20

July 15

The drilling programme will focus on improving the resource and geotechnical understanding at Nautilus Minerals' Solwara 1 Project, as well as scout drilling at other prospects on the company's 100 per cent owned tenements in the Bismarck Sea.