Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: jpthoma1 who wrote (86564)	7/8/2007 11:37:43 AM
From: zebra4o1	Respond to of 313859

Interesting find. It looks like these regulations will apply to deposits outside of country territorial waters. "The draft regulations on prospecting and exploration for polymetallic sulphides in the deep sea area beyond national jurisdiction..." So far Nautilus is concentrating on deposits within territorial waters where the legal situation is clearer. Nautilus moved up there conference call to Monday. Would have been a long wait until Wednesday to hear why the Jan de Nul deal fell through. biz.yahoo.com

To: jpthoma1 who wrote (86564)	7/8/2007 1:39:39 PM
From: jackjc	Respond to of 313859

Very good info, thanks jp. At first read looks like the govs/states want a 10% interest for free, another 10% free after costs recovered, and right to buy in up to 30% more. Not clear if any payment made for the last 30% ?? Lessee, as usual I think the gov gets the better deal, no cash invested but share in the profits.

To: jpthoma1 who wrote (86564)	7/9/2007 4:15:38 PM
From: ogi	Read Replies (1) \| Respond to of 313859

Thanks for that link JP, I actually find it a positive that the U.N. is looking at ways to have mining rather than ban it and that their mandate is for international waters not the territorial waters that NUS is working in. NUS is currently conducting extensive environmental studies and have enlisted the help of numerous distinguished scientific organizations well as the gov't of Papua New Guinea. What is interesting as well is that NUS has pledged to make all data public. stockwatch.com Also there are no plans to mine the areas around active vent systems, just dormant ones. It would be very easy to make a case that the mining they propose would have far fewer environmental negatives than any mine on land. Cheers, Ogi