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Wednesday, March 02, 2011 10:43:06 AM
Email From StockCastle.com...
Fellow Investors,
Billions of dollars in lost gold, silver, and other precious cargoes lie in the wreckage of ships lost over the centuries throughout the world's oceans. Experts believe that more gold lies lost at the bottom of the worlds oceans than in all the banks of the world.
Oceanic Research and Recovery (ORRV) is a quietly traded stock, however there is a lot of volatility when there is a good chance that they have located a new shipwreck with precious cargo.
They are currently recovering a shipwreck, in international waters, called Project - Blue Midas, where the confirmed cargo in the shipwreck exceeds 2 Billion Dollars.
However, the project with the most potential for ORRV is in the Philippines, which is unique because for millennia it was a center of commerce for ships of all nations. For 3 years they have been working on this project and rumors from the locals are that they might have found something very big!
To show you what a big shipwreck looks like here are 3 examples from modern vintage shipwrecks:
Wreck 1
11,500 tons of copper ingots at current market prices of $8,940 per ton = $102,810,000
Wreck 2
7,600 tons of tin ingots at current market prices of $14,740 per ton = $112,024,000
Wreck 3
6,200 tons of nickel ingots at current market prices of $26,000 per ton = $161,200,000
If the locals are talking and there is buzz in the market there is a good chance that they might announce a new find soon, which is why ORRV is our next pick. If its true that they found a valuable wreck than the price of the stock will go soaring, so try to get in before the price gets too high!
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