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Gold/Mining/Energy : OMEX - Odyssey Marine Exploration, Inc. (Shipwrecks &more)

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To: Will C who wrote (2)5/19/1999 3:46:00 PM
From: Will C   of 4
 
E-mail from the company:

"Dear Odyssey Members;

A new shipwreck project, called the "Republic", has been added to our summer
expedition plans! In addition to the search for the "Cambridge", we also plan
to be searching for a gold rush era steamship, code named "Republic".

The "Republic" sank after the civil war carrying approximately 48,000 troy
ounces of gold. While the bullion value is approximately $13,000,000, much of
it may have been shipped as dust, nuggets, and privately minted coins and
bars from the gold field district, potentially increasing the value of the
cargo.

We recently reached an agreement with researchers and insurance interests
that gives Odyssey approximately 80% of the net revenue generated by the
project.

A side scan survey for the "Republic" has already been completed, which
revealed 64 anomalies. Several of these anomalies are potential targets. We
plan to begin inspecting targets with our "Phantom" ROV this summer.

To read more about the fascinating story of the "Republic" go to
shipwreck.net

To read the "Republic" Press Release go to
shipwreck.net

As always, we welcome your comments and suggestions."
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