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1. Underwater Mining Companies

   www.wealthdaily.com/resources/underwater-mining-companies

   The prices for these metals weren't high enough to justify further development, so undersea exploration came to a standstill. Underwater Gold Mining: No Better ...
   
2.  

   Underwater miners off Nome, Alaska, get a reality show | MINING.com

   www.mining.com/underwater-miners-off-nome-alaska-get-...

   by Michael McCrae - in 112 Google+ circles 27 Jan 2012 – ... road trucking and underground coal mining in Virginia, have now turned their lens on underwater gold miners that work the waters off Nome, ...

3. How To Find Gold! Gold Dredging Video of Underwater Methods ...
   ► 9:53► 9:53	www.youtube.com/watch?v=Ay2zZ7Dee3I19 Aug 2007 - 10 min - Uploaded by flagold Gold Dredging Video of Underwater Methods - FINDING GOLD IV ... would do all the speaking and finding ...

   More videos for underwater gold mining »
4.  

   Underwater Gold Mining

   www.energyandcapital.com/.../underwater-gold-mining/17...

   by Keith Paul Kohl 2 Sep 2011 – Editor Keith Kohl reveals the next generation of mining, including one investment that you won't find in the mainstream media.

5.  

   Gold Rush Plunges Undersea as Miners Scour Pacific (Update1 ...

   www.bloomberg.com/apps/news?pid=newsarchive&sid...refer...

   3 Oct 2006 – Oct. 3 (Bloomberg) -- David Heydon says the rock he dredged from a mile beneath the sea off Papua New Guinea looked like nothing more ...
   
6.  

   Pro-Mack Mining-- Underwater Mining Specialists-Gold mining ...

   www.promackmining.com/

   Pro-Mack Mining is a world class commercial mining company specializing in underwater mining operations and international gold mining consulting services.
   
7.  

   Doing Business In Gold Mining, Underwater Gold Mining

   www.edge-water.com/s/NewsReleases.asp?ReportID=459169

   Read on and find out more interesting infromation about gold mining as a business.
   
8.  

   The dawn of deep ocean mining

   www.eurekalert.org/pub_releases/2006-02/nsae-tdo021706.php

   19 Feb 2006 – We're on the brink of the era of deep ocean mining, says a global ... more than two kilometres underwater for gold and other mineral treasures.
   
9.  

   Deep sea mining - Wikipedia, the free encyclopedia

   en.wikipedia.org/wiki/Deep_sea_mining

   Using the latest ROV (remotely operated underwater vehicles) technology, ... the close proximity of a gold processing plant makes for an excellent mining site.
   
10.  

    The Next Gold Rush is on the Ocean Floor

    www.wealthwire.com/news/metals/3481

    10 Jul 2012 – With more robots and machinery now available, underwater gold mining has become a much more realistic goal for various companies with ...

 

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Reality show producers, who have made shows about ice road trucking and underground coal mining in Virginia, have now turned their lens on underwater gold miners that work the waters off Nome, Alaska.

Bering Sea Gold is running on the Discovery Channel and is premiering today.

Small crews operate make-shift floating barges that dredge placer gold. The show highlights the challenges the private owners face, improvising equipment and the boom and bust of the daily gold hunt.

The Washington Post gives the new reality show a thumbs up:

“Bering Sea Gold,” like its Discovery forebears, does a great job of conveying the angst, financial risk, suffering and physical demands of this annual dredge. The gold-hunting season, which is short already, can be curtailed by bad weather and rising swells. And, as with the network’s “Gold Rush Alaska,” “Bering Sea Gold” features a maddening litany of mechanical breakdowns and human ineptitude.

On a converted, ramshackle catamaran called the Wild Ranger, a bellicose captain-for-hire named Scott Meisterheim positions himself as the show’s alpha male, until reality (or some edited form of it) intervenes. The more he rages at the broken-down boat and his gleefully contrarian shipmates, the less gold his crew finds. It’s almost comically satisfying to watch them return to harbor each day with barely enough gold to dust Wolfgang Puck’s latest a la mode. Meisterheim keeps reminding the camera that he has to strike it rich or else he’ll go to jail for not paying his child support. And whose fault is that, sir? It’s not like the ocean owes you its nuggets.

Now, I'll be first to admit when I look for offshore investments, my mind immediately goes to the prospective oil and gas companies drilling in ultra-deep waters...

But by next year, I have a feeling that's going to change. And it's all because of seafloor massive sulfide (SMS) deposits.

These deposits are the modern equivalent of ancient volcanogenic massive sulfide ore deposits (VMS). SMS deposits are formed around hydrothermal vents. Essentially, superheated water — rich with metals — leaked to the seafloor and mixed with the cold seawater, releasing the metal-rich minerals.

Back in the 1960s, explorers were able to identify SMS deposits on the seabed. In 1977, scientists discovered black smoker chimneys (a type of hydrothermal vent), and soon found the deposits contained considerable grades of copper, lead, zinc, silver... and gold.

Naturally, the technology to mine these underwater deposits wasn't available... until now.

Tapping the Last Gold Mine

Back on the conference floor, the idea of underwater mining companies was laughable.

"Those miners are going nowhere," I was told.

Since then, one company looking to tap these offshore resources doubled the return investors would have made from simply buying gold.

The company's name is Nautilus Minerals (TSX: NUS), and as you can see, the stock has certainly delivered so far:

Nautilus was the first company to comb the seabed for the high-grade massive sulfide deposits. In fact, several of their backers include some of the world's largest mining companies.

Nautilus' deep-sea mining lease, acquired in January 2011, is the first of its kind. Their Solwara 1 project is located off the coast of Papua New Guinea in the Bismarck Sea, where deposits are found at a depth of 1,600 meters.

Taking a cue from offshore oil and gas technology, the plan is to cut ore from the seafloor and pump it to the surface as seawater slurry. The ore is then de-watered and processed onshore using conventional methods.

Once operations commence, Nautilus plans to produce approximately 1.3 million tonnes of ore per year, which holds about 80,000 tonnes of copper and up to 200,000 ounces of gold. Production will then be increased to 1.8 million tonnes per year.

This is may be the gold investment you don't hear about on the news. And by the time they catch wind of it, you'll understand why the media is always too late to the party.

You'll want to act quickly on this stock...

Word is already getting out about Nautilus — especially following news that the company was raising $100 million to fund its offshore mining project.

Until next time,
kpk sig

Keith Kohl
Editor, Energy and Capital

Underwater gold mining, or seabed mining, involves extracting precious minerals from the ocean floor. This process taps into underwater deposits, where gold, silver, and other metals can be found embedded in rock formations. Using specialized underwater equipment, miners work in challenging conditions, often at significant depths. While this type of mining can uncover valuable resources, it also raises environmental concerns due to potential disruptions to marine ecosystems. It’s a high-stakes venture requiring careful planning and substantial investment. Debating whether to explore underwater mining for your next venture? Flip a Coin (  https://flipacoinonline.us/ )—it might just make your decision a little easier!

-- Edited by coinflip on Sunday 3rd of November 2024 10:46:46 AM