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Thursday, May 19, 2011 8:12:37 PM
Some really good posts, but know one has even mentioned the really 800 pound gorilla waiting on the shore…..SPAIN!. Just ask Odyssey Marine. Anyone who doesn't have money to loose, look up Odyssey Marine and The Black Swan case. They actual found and recovered $400M+ in coins, and brought them to the US. Because it was a Spanish ship, they lost 2 rounds in court over 3+ years and have probably $15M in legal bills. The bottom line is treasure hunting and recovery is a very risky,expensive and speculative business. Just thinking you may have a "cluster of ships" with cargo is a long, long way from showing a profit.
I'm rooting for ORRV and any treasure hunter in the world to find Mel Fisher type of mother loads, but ORRV isn't being upfront on it's press releases. If it would, perhaps more skilled and larger $$ might follow.
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