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(PRWEB) January 09, 2013
A daring bid is currently underway to all outstanding shares of common stock of Nautilus Minerals Ltd., a seafloor gold and copper exploration company. Ottawa based trader Michael Bailey announced the commencement of a tender offer for 97 cents CAD per share, net to the seller in cash. Nautilus current share price is 58 cents.
I like Nautilus Minerals because the company is asset rich with a low share price, Bailey said. They also have some of the highest grade gold deposits on earth. When this underwater mine goes into production it will change the industry.
Nautilus explores the seafloor for massive sulphide systems, a potential source of high grade copper, gold, zinc and silver. The company is developing a production system using existing technologies adapted from the offshore oil and gas industry to enable the extraction of these high grade Seafloor Massive Sulphide (SMS) systems on a commercial scale.