Seafarer Exploration Corp (SFRX)

[northofadollar]

Some details given by KK in an interview given about a week ago:


"One of my shareholders says, 'It's like having a lottery ticket with no expiration date,'" said Kennedy, whose company is based in Tampa. The salvaging operation is expected to begin next week.

By the positioning of the anchor's fluke, or barbed end, they determined that the ship anchored offshore during a storm. By the distribution of lead musket balls, lead hull sheathing, cannonballs and serpentine jade from the ship's ballast pile, they estimated how far the ship was dragged by the storm before it sank.

The boat in question, though it will remain unknown until something is found that dates it, was probably a Spanish galleon from the 1500s hauling gold plundered from the Incas.

The ship might also be from two Spanish fleets well known to treasure hunters, from 1715 and 1733, most of whose ships sank in storms.

Weighing 600 to 700 tons, the 60- to 70-feet-long ships barely traveled four knots an hour, with 100-foot masts to offset their weight.

"We're pretty confident in that site," said Kennedy.