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COMMENT
They have been around for over a decade. The idea was to mine on the ocean floor, where there could be silver, copper and some precious metals. Environmentally, there is a lot of resistance to this. It is low tonnage, but high grade. They eventually ran out of capital and went bankrupt.
metal mines
DON'T BUY

It is an interesting science project. It is hard to tell if they will make money or not. It is hard enough mining this, but at these depths even harder. It is hard to get a handle on their reserves. Prefers techniques that he knows work.

metal mines
COMMENT
Ran into difficulties with the Papua New Guinea government. These are sub-sea miners and are going under the ocean where there are huge deposits of base and precious metals. (Haven’t found the precious metals yet.) Being backed by some of the majors. In a 5 to 10 year time frame, he thinks this is going to work.
metal mines
HOLD
Pushing the envelope by mining under the ocean. If you buy this, you are buying into what they are trying to do and you ride it out. Still at the stage where it looks really good but he can't put numbers to it.
metal mines
PAST TOP PICK
(A Top Pick Jan 8/08. Up 54%.)
metal mines
PAST TOP PICK
(A Top Pick Jan 8/09. Up 48%.)
metal mines
DON'T BUY
Ocean floor exploration. Have a little rift off the coast of New Guinea. An interesting scientific experiment but doesn't think it is really an economic endeavour.
metal mines
SELL
(Market Call Minute.) Have a lot of cash, but it is more of a science project than at mining project.
metal mines
TOP PICK
Huge underwater land package in the Pacific Ocean. Have a resource in Papua New Guinea. Market cap of $150 million and its cash position is about $250 million.
metal mines
TOP PICK
Pioneering seafloor mining and well advanced on their first development project off Papua New Guinea. Trading at not much more than the value of its cash in the banks.
metal mines
TOP PICK
On the forefront of very important frontier of the mining industry. About to begin development of the world's first seafloor copper/gold mining operation.
metal mines
PAST TOP PICK
(A Top Pick Mar 7/07. Down 38%.) The knock on base metals hurt them. About to begin production on a deposit that is both base metals with a significant gold credit. Mining on the sea floor is a new thing and the market gets nervous. They own the space and he believes mining is going to evolve into the sea floor.
metal mines
DON'T BUY
This is one of those companies that he won’t believe it until he sees it. Dealing with mining on the ocean floor requiring new technology.
metal mines
RISKY
Mining the sea floor for precious metals. Has a position in it as a hedge. 3 or 4 major global players have given this company money. It might do very very well but it's very speculative.
metal mines
BUY
Likes the concept of mining the ocean floor. A lot of advantages in an environment, better grades, etc. Have good partnerships. Expensive.
metal mines
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Nautilus Minerals Inc.(NUS-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Nautilus Minerals Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Nautilus Minerals Inc.(NUS-T) Frequently Asked Questions

What is Nautilus Minerals Inc. stock symbol?

Nautilus Minerals Inc. is a Canadian stock, trading under the symbol NUS-T on the Toronto Stock Exchange (NUS-CT). It is usually referred to as TSX:NUS or NUS-T

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In the last year, there was no coverage of Nautilus Minerals Inc. published on Stockchase.

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Nautilus Minerals Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Nautilus Minerals Inc..

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Is Nautilus Minerals Inc. worth watching?

0 stock analysts on Stockchase covered Nautilus Minerals Inc. In the last year. It is a trending stock that is worth watching.

What is Nautilus Minerals Inc. stock price?

On 2019-04-03, Nautilus Minerals Inc. (NUS-T) stock closed at a price of $0.05.