Seafarer Exploration Corp (SFRX)

[hedge_fun]

997 days since we were told Timmy’s Toy.......

worked.

Kyle said long long ago when they got on site it should only take a few days.

Don’t forget it was “operational” over 2 years ago, and they had scanned in mass. Timmy said…..”near term.”

”In defense of the first quarter, we were very successful in a lot of ways,” said Kennedy, noting that the SeaSearcher became operational during this time with 3D imaging. “Just with the imaging we have, we’ve seen hundreds of targets,” he shared. “During this quarter, we also finally got the last part of the metal interrogator,” said Kennedy, adding that Reynolds was uncompromising on the performance and precision of the piece. “By being that way, we have a finished product that will now reach the depths that we want it to reach to identify and discriminate against various types of metals – gold, silver, iron, and etc.”

Jolly then asked Reynolds about the progress of the SeaSearcher. “The SeaSearcher, like Kyle said, went operational in the first quarter,” said Reynolds. ”By ‘operational’ what we mean is that we’ve actually started scanning the area in mass,” he continued. “We’ve scanned hundreds of acres of area already, and have identified over a thousand target areas,” said Reynolds. “The SeaSearcher right now, even without the metal interrogation or discrimination element of it, is actually identifying target areas and working in concert with the prior data to help drive the operations.” He then shared that the integration of the metal interrogating technology is currently undergoing final calibration steps and will be used to help isolate the current target areas.

“When is your outlook on the timeframe for that?” asked Jolly. “Some things get driven by weather, so the best I can say is the very near term,” said Reynolds. “We’re out there every day that the weather permits and pushing forward.”

“Where do you see the company going from here, and do you have any outlooks for the second and third quarters?” asked Jolly. “As you can imagine, this device is going to change the world for us. It is absolutely amazing what it does. And because of that, I’m very confident for this next quarter, because now we have the finished product in our hands,” said Kennedy. “Also during the first quarter, we started on some new technology to prevent cave-ins in the holes that we dig. We also are working on a device to bring fresh water down to the bottom so that we can see better,” shared Kennedy. “So, when you look at all of the technologies that we’re bringing to the table, the only thing we’ve got is pure upside. I just can’t be more positive than where we’re at right now.”

https://seafarerexplorationcorp.com/discussing-the-potential-of-the-2nd-and-3rd-quarter-of-2020/