Nautilus Minerals Share Discussion Threads

[andrbea] 27/1/2011 08:41

Japanese Govt. to subsidize robotic deep-sea mining research
As Japan's seabed mineral resources are being eyed by China, South Korea and European companies, the Japanese government has assumed the lead in robotic deep-sea mining technology research.

Author: Dorothy Kosich
Posted: Monday , 10 Jan 2011

[andrbea] 27/1/2011 08:38

if you think NUS is crazy to mine at 1600m, look at Japan (at 2000m)

Japan deep-sea robots to seek minerals

First Posted 13:14:00 01/07/2011

Filed Under: Science & Technology, Science (general), Mining and quarrying

TOKYO--Resource-poor Japan plans to use deep-sea mining robots to exploit rare earths and precious metals on the ocean floors around the island nation within a decade, a media report said Friday.

The state-backed Japan Oil, Gas and Metals National Corp (JOGMEC) plans to deploy the remote-controlled robots at depths of up to 2,000 metres (6,600 feet), the Yomiuri Shimbun said without naming sources.

[andrbea] 27/1/2011 08:35

drawing of the mining technique

pro's and con's of the mining technique discussed here:

[rohirrim] 26/1/2011 17:29

smarm, not saying I disagree with you about why the price has risen so much, just personally think that the effect of the PNG gov possibly investing is already in the price now, and confirmation of their investment if it happens, will not materially affect the current price any further, all IMHO.
As the previous few posts have alluded to, it's all down to the technology working....

[paxman] 26/1/2011 16:37

smarm

'I am told by those who know more than I that this cannot be done...the technology simply does not exist to defy pressure and gravity at that depth to bring up heavy solids but NUS management say that they are going to push boundaries.'

This is the multi billion dollar question. Rescue submarines, which are crewed, can operated at depths much deeper than Solway 1's 1600 metres so pressure in itself isn't I think a problem.

The key question is can Nautilus's riser pump work over such a distance. That I think is then a question of the slurry to sea water ratio. If you keep the slurry content low then the sea water plus slurry won't hopefully be too heavy.

[smarm] 26/1/2011 16:16

rohirrim - that is not why the price is rising. Look at the resource.

S

[rohirrim] 26/1/2011 15:34

dcomd99, I hope you are right but I think the possible investment by the PNG gov has probably been more or less fully priced in over the last few days, along with a few more people jumping on board because the share has hit a few more peoples radars.
I think the next leg up may depend on further news on resources found and cost (and timing)of extraction.
Either way am happy to hold and enjoy the ride, having bought in at 79.5p (just wish I had bought a hell of a lot more!!!!)

[cashandcard] 26/1/2011 15:32

paxman,

'Better to be ahead of the crowd. Often my best investments are made in companies few people have recognised'


I agree with you. You may want to have a look at 'ame'. Ver much under the radar at present.


Cash

[smarm] 26/1/2011 15:28

dcom - I agree. It's a guess but do you think the 30-day option was to do with waiting for those drilling results? Why would they not take the option. It's fascinating and we don't have long to wait.

I am told by those who know more than I that this cannot be done...the technology simply does not exist to defy pressure and gravity at that depth to bring up heavy solids but NUS management say that they are going to push boundaries.

paxman - me too but it's darn hard being ahead of the crowd these days. They move like a swarm. I was a bit late to the party at 121 and missed a few p in teh middle but am happy enough now!

S

[dcomd99] 26/1/2011 09:09

I think the big news will be whether the government of PNG decides to invest. If they do, I think this will really take off.

[paxman] 26/1/2011 08:11

I'm interested. Better to be ahead of the crowd. Often my best investments are made in companies few people have recognised.

Nautilus could be the mining story of the next few years. Their land position is amazing. The grades are so much better than onshore deposits.

The big question is: Can they cost effectively bring the slurry the 1600 metres to surface? They've costed it at around $70 a tonne. If they are right they are going to make tens of billions of dollars exploiting their deposits.

[smarm] 25/1/2011 19:34

More seriously...isn't it amazing that a most interesting story is unfolding here and nobody is the least bit interested.

S

[smarm] 25/1/2011 19:25

paxman - you're hired!

;-)

S

[paxman] 25/1/2011 18:43

smarm

The journalist who wrote the article is called Mohammad Bashir. The article quoted an arguably critical piece in the Post-Courier newspaper for which Mr Bashir works. So I amusingly referred to the journalist as a bashir ( basher - get it!).

I'm free for stand up comedy at birthday parties etc.

[smarm] 25/1/2011 15:39

paxman - what do you mean by 'bashir journalist'?

S

[paxman] 25/1/2011 15:30

Seems like the market's not put off by the bashir journalist.

[smarm] 25/1/2011 15:11

TORONTO, ONTARIO--(Marketwire - Jan. 25, 2011) - Gold grades of up to 20.8 g/t and copper grades of up to 37.7%
have been confirmed in assay results from seafloor drilling at the Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS)
Solwara 1 project in the Bismarck Sea in Papua New Guinea.

[smarm] 25/1/2011 15:08

Drilling report.

S

[smarm] 25/1/2011 15:07

Suddenly moving today....do we know why?

S

[paxman] 19/1/2011 17:24

andrbea - 19 Jan'11 - 15:18 - 578 of 579

pro's and con's of the mining technique discussed here:




Seems to me that the journalist who wrote this is a bashir.

[andrbea] 19/1/2011 15:22

really shooting up now (Toronto)

[andrbea] 19/1/2011 15:18

pro's and con's of the mining technique discussed here:



it also says:

"We are told that the project is estimated to cost about K1.04 billion and the PNG government has retained an option to take up to a 30 percent stake in the project as a joint venture partner. This option, we understand, is exercisable within one month. Should the government decide to exercise this option; it will contribute funds to the project in proportion to its interest, including its share of the costs incurred to date."