$15B Juno valuation Kyle has claimed on several occasions came from folks associated with Mel Fisher’s organization. This was the first time I heard Kyle go into such detail about how it came about, and man was it laughable.
So I reached out to Mel Fisher’s Treasure (MFT) and asked about it. Feel free to do the same.
My question.
The response.
Earlier today an affiliate dismissed Gary’s response by saying it was just a conversation someone had with Kyle 15 years ago, which is just as laughable as Kyle explanation of how it came about.
A legitimate valuation would be part of MFT’s research files……FOREVER, and Gary would know about it.
And who ever came up with it should be happy own it, as this would be one of the greatest finds EVER.
Regardless, do this means there is no treasure at Juno. Of course not, but it’s likely a very minimal amount if there is.
A wreck that had $15B would be littered with treasure. SFRX was not the first to explore the site, which dates back to 1987. No treasure has been found there.
I recently bought a block of private placement shares from the company for two trusts and all of Goldenboys answers are congruent to my most recent conversations with the company in January.
My overall takeaway is SFRX is managing the current permits issues as best as they are able, and they are planing well for the future.
SFRX has stated they believe the Melbourne site may hold the remains of a Spanish vessel from 1715 as a few artifacts salvaged by their partner almost 2 decades could be linked to the Concepcion. And they may have come from the Concepcion, but there’s a problem with that.
The US and Spain have an agreement in place, along with other nations, not to allow the disturbance of their vessels.
If someone finds a Spanish vessel in US waters, then it’s off limits. If someone finds a US ship in Spain’s waters, it too is off limits, unless permission is sought and granted.
SFRX has a permit to EXPLORE the Melbourne site, they do not have permit to RECOVER items from the site. If they wish to remove an artifact they are required to submit a request to the state and obtain permission to do so.
For some reason in Nov 2020 they decided to salvage about a dozen items from the Melbourne site without permission, and when the state realized it, SFRX was told to cease operations at the site.
After some whining by SFRX, along with some back and forth with the state, it was explained in the simplest terms why permission is to be sought and granted in order to disturb a Spanish vessel.
Here’s is a link to what Dr. Parsons was referencing in the correspondence above. SFRX could bypass the state altogether by getting permission from Spain, but that ain’t gonna happen, and SFRX ain’t gonna try.
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