Just curious or will you join the expl bandwagon on it doesn't matter until we get a recovery permit?
EXPL management isn’t concerned with a clown show and has never made comments regarding a state issued recovery permit. They certainly wouldn’t be stupid enough to issue 5.2B shares and nearly $20B on 3 projects that produced essentially ZERO results.
EXPL’s paid in capital is around $3MM with less than 60MM OS. They have files on over 1400 wrecks and they’ve narrowed that down to a couple dozen wrecks that would be potential projects.
They have located, along with their partner over a dozen wrecks. They have written off a few wrecks they’ve located as having no valuable cargo. And when I say wrecks, I don’t mean something like the ring area that has a few fittings. That isn’t a wreck. It’s debris that may not even be from a wreck. And has been pointed out, the fittings (rings) aren’t what one would find on a 1700’s ship.
But to your “if” premise, the tech could be proven anywhere in the world, but the victim clown show is pretending the FBAR is holding up history in the making. But “if” the toy found treasure and it could be proven a recovery permit wouldn’t be needed for it to be a positive for SFRX.
The simple question is why would anyone in their right mind spend so much time and money on a project without ownership rights?
It’s mind boggling.
Plus, SFRX isn’t even dealing with the owner of the Concepcion. Not that Spain would deal with them.
They have a quasi legal team as well as a quasi BOD.
As explained before, EXPL blew off 1-2 ft of sediment off this wreck in 3500 ft of water while working on a project with the History Channel. This is a wreck site, not a few fittings. The ballast stones and some of the hull are visible, but there’s nothing to indicate treasure was aboard, so they moved on.
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