Hollund Industrial Marine Inc. (HIMR)

[reprose]

While most everyone knows that money doesn’t grow on trees and trees don’t grow underwater, it turns out that there are significant timber reserves that exist in lakes created by dams. In British Columbia there are three lakes that are estimated to hold almost $2 billion worth of standing timber submerged by dams built for producing hydroelectricity. The cold, anoxic environment of the lake bottom prevents the decay or decomposition of the wood. Although there have been ongoing efforts to salvage timber and logs that sank in rivers and lakes while on their way to processing plants, the harvesting of standing submerged timber is relatively recent.