Monday, May 12, 2014 2:44:51 AM
Investor Update Nautilus PDF dated APRIL 29TH,2014
Highlighting the future events in this PDF file.
Future events,as they always do, will drive the price of the stock.
- Option to take up to a further
15% interest within 12
months of the Agreement
becoming unconditional
//////////////////////////////////////////////////
Funds will be released to Nautilus within 6 months of being placed in escrow if Nautilus secures:
– the charter of a vessel
– certain intellectual property rights for the State with its existing contractors
- A joint venture between the parties for the ongoing operation of the Project shall then be formed
- Petromin PNG Holdings Limited (“Petromin”) shall be the
company securing the funding on behalf of the State
- If the conditions of the Agreement are satisfied the Arbitration concerning Nautilus’ claim for damages related to the termination of the State Equity Option Agreement dated 29 March 2011, shall be dismissed
//////////////////////////////////////////////////
– Assembly work on the Auxiliary Cutter and Collecting Machine is due to commence in June 2014
– Riser system: >50% complete. Delivery expected by Q1 2015
– Pump: full scale loop testing to commence Q2 2014 with delivery expected by mid 2016
//////////////////////////////////////////////////
Vessel – remains the critical path for the Project
– Looking at securing a suitable vessel arrangement
– In discussions with potential vessel building partners
– Tender process currently underway with shipyards experienced in
building offshore construction vessels
– Vessel solution to be in place before end Q4 2014
//////////////////////////////////////////////////
Auxiliary Cutter chassis and Collecting
Machine chassisto arrive at SMD
facility to commence assembly June 2014
Factory Acceptance Testing on Bulk
Cutter July 2014
Vessel solution in place By end Q4 2014
Updated project capex and schedule By end Q4 2014
Auxiliary Cutter assembled Q1 2015
Collecting Machine assembled Q1 2015
//////////////////////////////////////////////////
Looking to accelerate our impressive pipeline
of projects
In discussions with a number of interested
parties regarding
– seafloor massive sulphides in other jurisdictions
– nodules in the Clarion Clipperton Zone (CCZ)
– Equipment partnering/Joint Ventures (JVs)
- Exploring potential JVs to bring projects
forward with interests at project, asset, and/or
corporate level
- Assay results recently reported from the
polymetallic nodule survey program to the
CCZ support the findings in the independent
NI 43-101 minerals resource estimate*
//////////////////////////////////////////////////
- Satisfy Nautilus’ Conditions Precedent
- Receive the State’s full capital contribution in escrow by July 31, 2014 DONE 09-May-14
Move forward with the Solwara 1 Project
– Accelerate equipment build
– Secure vessel solution
– Ensure continued government and
community support
- Maintain licences and permits
- Accelerate development of additional
assets
http://www.nautilusminerals.com/i/pdf/2014-April-Webcast-Presentation.pdf
My Posts are my opinion protected by my first amendment right to free speech
You don't drown by falling in the water; you drown by staying there.
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM
Avant Technologies Launches Advanced AI Supercomputing Network and Expansive Data Solutions • AVAI • Apr 23, 2024 8:00 AM
BestGrowthStocks.com Issues Comprehensive Analysis of Triller Merger with AGBA Group Holding Limited • AGBA • Apr 22, 2024 1:00 PM
Cannabix Technologies to Present Marijuana Breathalyzer Technology at International Association for Chemical Testing (IACT) Conference in California • BLO • Apr 22, 2024 8:49 AM
Kona Gold Beverages, Inc. Prepares for First Production Run Set to Launch May 17, 2024 • KGKG • Apr 22, 2024 8:30 AM