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excellent info. thanks spooky.
With the way it is being manipulated, do yall think that, say, a $10k buy would move the needle?
check out the Nautilus 3 month chart
http://tsedb.globeinvestor.com/invest/investSQL/tsx.show_chart?iaction=Generate&pl_period=3D&pl_primary_listing=NUS-T
early entry into deepwater gold mining, anyone? another potential DPDW customer?
http://www.nautilusminerals.com/s/Media-NewsReleases.asp?ReportID=204302&_Type=News-Releases&_Title=Deep-Sea-Copper-Gold-Company-Moves-Up-to-TSX
August 23, 2007
Deep Sea Copper-Gold Company Moves Up to TSX
--------------------------------------------------------------------------------
News Release Number 2007 - 31
Vancouver B.C., Thursday, August 23, 2007 - Nautilus Minerals Inc. (TSXV & AIM: NUS) is pleased to advise that as of Friday, August 24, 2007 trading in the Company's common shares will move from the TSX Venture Exchange (TSXV) to the Toronto Stock Exchange (TSX).
David Heydon, Nautilus CEO, commented: "Since our listing on the TSXV in May 2006, Nautilus has made significant strides towards the development of the world's first deep sea copper-gold mining operation in the territorial waters of Papua New Guinea."
"The North American and UK investment community and mining industry have been very supportive of our endeavours. The move to the TSX is another important milestone as we build an international company with securities across the world's major investment markets."
The move to the TSX does not affect trading in the Company's common shares on the London Stock Exchange's AIM market.
For more information regarding the TSX listing visit the recent TSX news release: http://www.tsx.com/en/news_events/news_releases/8-22-2007_TSX-NewListingNUS.html.
. . . from Public release date: 19-Feb-2006
[ Print Article | E-mail Article | Close Window ]
Contact: Steven Scott
scottsd@geology.utoronto.ca
416-978-5424
Natural Sciences and Engineering Research Council
The dawn of deep ocean mining
The big question for these companies is the economic potential of undersea deposits of polymetallic sulphides. These sulphur-rich sea floor ore bodies are produced worldwide in underwater volcanic regions by "black smokers." The black smokers are formed when seawater seeps into the porous sea bottom, is heated and re-emerges through vents carrying dissolved minerals. When the hot water hits the cold sea floor water, the minerals precipitate, creating chimney-like towers called black smokers. Over time, these towers collapse and accumulate to form ore deposits, some of which are rich in gold, silver, copper, lead and zinc.
Dr. Scott was the first mining geologist to explore black smokers. In 1982 he joined members of the Scripps Institute of Oceanography and the Woods Hole Oceanographic Institution in the submersible Alvin to explore newly discovered black smokers 2,000 metres below the waves in the Gulf of California off the coast of Mexico. He says that after more than two decades of promoting the possibility of mining the deposits created by black smokers, the launch of the present ventures is a move that's required mining companies to cross a watery psychological barrier.
"Twenty years ago, most mining companies didn't want to hear about this possibility. They thought it was too difficult. But now some are seeing that it's a lot easier to go down through a couple of thousand metres of water than through a couple of thousand metres of rock," says Dr. Scott, who is the Director of the Scotiabank Marine Geology Research Laboratory and the Norman B. Keevil Professor of Ore Genesis at the University of Toronto.
Presently the deepest undersea mines – diamond mines off the coast of southern Africa – are under just a few hundred metres of water. But Dr. Scott points to the offshore oil and gas industry as an example of the possibility for change. The international oil and gas industry went offshore starting in the mid-1940s. Today, about a third of the world's oil comes from under the sea. There are producing wells in 1,500 metres of water off the coast of Brazil, and there's drilling at 2,500 metres depth in the Gulf of Mexico.
The key challenge for new marine mining companies will be developing the technology to extract the ore from the watery depths, says Dr. Scott. He envisions the use of "deep sea versions of robotic coal mining machines" with the ore piped up to mining ships, or semi-submersible platforms as used by the offshore oil industry. He notes that deep sea robotics is a mature industry, driven in large part by the needs of offshore oil exploration and recovery.
http://www.eurekalert.org/pub_releases/2006-02/nsae-tdo021706.php
. . . from Public release date: 19-Feb-2006
[ Print Article | E-mail Article | Close Window ]
Contact: Steven Scott
scottsd@geology.utoronto.ca
416-978-5424
Natural Sciences and Engineering Research Council
The dawn of deep ocean mining
The big question for these companies is the economic potential of undersea deposits of polymetallic sulphides. These sulphur-rich sea floor ore bodies are produced worldwide in underwater volcanic regions by "black smokers." The black smokers are formed when seawater seeps into the porous sea bottom, is heated and re-emerges through vents carrying dissolved minerals. When the hot water hits the cold sea floor water, the minerals precipitate, creating chimney-like towers called black smokers. Over time, these towers collapse and accumulate to form ore deposits, some of which are rich in gold, silver, copper, lead and zinc.
Dr. Scott was the first mining geologist to explore black smokers. In 1982 he joined members of the Scripps Institute of Oceanography and the Woods Hole Oceanographic Institution in the submersible Alvin to explore newly discovered black smokers 2,000 metres below the waves in the Gulf of California off the coast of Mexico. He says that after more than two decades of promoting the possibility of mining the deposits created by black smokers, the launch of the present ventures is a move that's required mining companies to cross a watery psychological barrier.
"Twenty years ago, most mining companies didn't want to hear about this possibility. They thought it was too difficult. But now some are seeing that it's a lot easier to go down through a couple of thousand metres of water than through a couple of thousand metres of rock," says Dr. Scott, who is the Director of the Scotiabank Marine Geology Research Laboratory and the Norman B. Keevil Professor of Ore Genesis at the University of Toronto.
Presently the deepest undersea mines – diamond mines off the coast of southern Africa – are under just a few hundred metres of water. But Dr. Scott points to the offshore oil and gas industry as an example of the possibility for change. The international oil and gas industry went offshore starting in the mid-1940s. Today, about a third of the world's oil comes from under the sea. There are producing wells in 1,500 metres of water off the coast of Brazil, and there's drilling at 2,500 metres depth in the Gulf of Mexico.
The key challenge for new marine mining companies will be developing the technology to extract the ore from the watery depths, says Dr. Scott. He envisions the use of "deep sea versions of robotic coal mining machines" with the ore piped up to mining ships, or semi-submersible platforms as used by the offshore oil industry. He notes that deep sea robotics is a mature industry, driven in large part by the needs of offshore oil exploration and recovery.
http://www.eurekalert.org/pub_releases/2006-02/nsae-tdo021706.php
Spooky, you may be correct about the Mako LARS. But if not, so much the better. Even if that's not the one described, that just means that they built another one like it for someone else. We do know for sure that DPDW did manufacture/assemble at least some of the components of the one in the Mako pics, and that is a nice piece of equipment. But again, we already know they make great things. Nice to see confirmation though, any chance we get.
Awesome stuff, JDS. Thanks. Every little bit of knowdlege you pass my way gets stored along with the lonely rest! This is literally foreign lanquage to most laymen, but we stockholders should be voraciously eating it up! Great job. I already gave you my boardmark last week, but i'd give you another if I could!
mystic
. . . and, nice post ;}
EBIDTA
One of the things that impressed me in the DD we did Sunday night (and thanks again JDS) was that Electrowave was involved in the JOIDES project as far back as mid '06. We've all talked about the synergies before, but it is remarkable to me that DPDW has its foot in the door 3 different ways in just this one government/industry project (Proteus, rig instrumentation via Electrowave, and possibly syntactic foam via Matrix). Surely they could quickly utilize Mako's technologies and rental equipment here also. This business application model could conceivably be replicated/duplicated with lots of drilling clients. Just doing rig instumentation and tackling active heave problems seem like it would line up multiple customers. Impressive acquisition strategy to fill lucrative niches in deepwater, imo. Sounds good to me.
thanks again JDS.
But before I go to bed, let me just say this: It is rather interesting that in this one very big project, our little DPDW has at least 3 probable applications: 1)Proteus (active heave), 2)Electrowave (rig instrumentation), and 3)Matrix (syntactic foam). You think management knows WTF it's doing? What an acquisition/application business strategy. And, with ElectroWave being involved as early as 6/06, DPDW could have ended up been involved even without SLB (though it's certainly nice to have them).
i gotta go to bed! yall tear it up! nite all!
....so, DPDW is involved both with their rig instrumentation system issues via Electrowave and with their active heave problem via DPDW's very own Proteus?????
Actually, further into the minutes, I keep finding better kernels. Check this out: (Looks like both SLB and ElectroWave were DPDW's "foot in the door" here, as ElectroWave was involved by 6/06 according to the minutes. This is from JDS's original link, I'm just scrolling through the PDF minutes of meetings in one of the site's links. Wait, here's the link: http://joiserver.joiscience.org/sodv/downloads/cdt_minutes/Drilling%20and%20Vessel/Drilling_Vessel_C....
See below.
Detailed Discussion
IODP employees met with Transocean last Friday to discuss their Rig Instrumentation
System (RIS). Derryl said Transocean could not easily implement what we have currently
without making major changes in their system let alone provide more.
Transocean has a reliable system, but it does not have the flexibility we require.
ElectroWave designed their system, but they don't write the software. Transocean writes
the code. Jim Blackwell with ElectroWave attended the meeting last Friday. He said they
may be able to help us. A meeting with ElectroWave is anticipated after OTC (May 1-4).
Drilling & Vessel CDT Meeting M.doc 4 6/28/2006
....so, DPDW is involved both with their rig instrumentation system issues via Electrowave and with their active heave problem via DPDW's very own Proteus?????
Maybe this is why they needed a Proteus (not that we really care why):
Again, from the 4/06 minutes:
2. Rig Instrumentation
Summary
IODP employees met with Transocean last Friday to discuss their Rig Instrumentation
System (RIS). The representative from Transocean did not think his management would
be willing to make changes for us. Their system does not meet our needs as is it now, so
they are not likely candidates.
The biggest problems with the current RIS are depth control and WOB, which are tied
together. They are a problem because the hookload measurement is an erratic number
because of the active heave (AH).
surely the foam would be small potatos compared to Proteus, but it's nice to know DPDW has a direct line on all the foam anyone needs. apparently that stuff can be used on a whim in any number of ways.
From the Scientific Ocean Drilling Progam's April 26, 2006 Drilling and Vessel Systems Conversion meeting minutes:
Mike suggested the 4500 m working depth may not be adequate if we go to deeper depths
often. Gene suggested we could put syntactic foam on the instrument frame to help
defray the payload weight. The payload is only 2000 lb; most of the weight is from the
cable.
uh . . .syntactic foam . . .Matix??? ring any possible bells also?????
Sweet JDS. First mark from me.
1.1.3 LDEO Project Management
LDEO personnel have been working on specifications and alternatives for
the new SODV arrangement plan including locations for the Schlumberger
projects (i.e. wireline heave compensator, winch, MAXIS unit, and
workshop) and how to incorporate the needs for delivering the contractual
obligations into new space constraints.
Work by Deep Down on delivering the wireline heave compensator
continues to be on schedule. LDEO personnel have been training
personnel, planning for shipyard activities, outlining responsibilities and
tasks for a sea trials period and working on support documentation for new
and old systems associated with logging infrastructure and future
operations.
black candles and gaps. it all sounds so voodoo.
tothe, not to put too fine a point on it, but if flippers get locked out then that means they guessed wrong, and i was simply wondering out loud if most admit it when they are wrong (or as you put it, locked out). i admit, it was sort of a rhetorical question. it's hard for most to admit when wrong. admittedly. ;)
Short term . . .Fidelity=bullish. Americanbulls=bearish. Hmmm. I'm long, so I don't really care. Except that I'll be interested to see which is correct. Do most flippers admit when they are wrong?
Brikk, thank you for that post. As a neophyte here, I appreciate it very much. -- mystic krewe
yall have a good evening.
When we are not down here working on the coast, we take our sisters fishing so they can show off the big fish they catch. The GOM is good for lots of fun stuff.
http://i24.tinypic.com/snp0k9.jpg
at your service
TS, you keep giving us that caliber of analysis, and I'll keep sending Mako pics. What a great deal for me! BTW, I completely agree with your hedge opinion. Anyone who lives in the oil patch can basically tell you that we are always the reverse of the rest of the country. Housing meltdown? Try to find a soft housing market in south LA right now. When oil booms, down here we boom. Usually that means pain for the rest of the country. I agree about the hedge DPDW provides. The reverse is that all that capital is also flowing into finding alternative energies. That's probably the main silver bullet that can take down this werewolf right now . . . and what are the odds of that? Not much judging from current CW. But when that day comes, it will be great for the rest of the world, and we in the oil patch will again be reverse and will really be hurting. Thanks again for all the insights.
Hi Sky. Yes, I know for a fact that they do.
No problem Ben . . . the least I could do.
Thanks for that info Rocket
Sulphur, I think you're absolutely right regarding Electrowave. As for Mako Deep Water, I don't know about that.
Brikk, I went through the pics I took today and realized I didn't post this one. This is a different shot of the control module for the LARS. The front door, to be exact. Enjoy.
http://i24.tinypic.com/2zt9fzl.jpg
And thanks to all you other guys that I haven't mentioned yet, like Sulphur, who post great stuff (and pics) too.
Thanks AJ. Really, it was no big deal. I'm literally down the street from Mako, and I've been knowing those guys for quite some time. If I come across anything else that I think might be of value, I'll put it up.
4mars, from what I know, all the applications you mentioned are doable with the Lynx rover. I know that it has proven itself in O&G, but I can't imagine it would be limited to that. Basically, any job that needs a set of eyes and a pair of pliers (to oversimplfy) down deep can use this stuff.
Thanks to everyone for the compliments and the marks (though I don't quite know what that means -- kinda new here). I couldn't respond to you guys until I paid for an upgraded ihub account. Spooky, yes, I basically stumbled across DPDW through alot of local contacts, Mako being one of many. I can tell you guys this: I've known the guys at Mako my whole life, and they are top notch. I took the pics today with my phone, so they aren't the best, but they give you the idea of the kind of quality we're dealing with here . . .IMO.
Spooky, I went to Mako at lunch and most everyone was at lunch. Interesting though that the owner, Mr. Marcell, was working. Great guy, and I consider him to be a good friend. And yes, quite a bit of talk about DPDW.