Sunken Treasure: A Mining Stock for the Bold

It may sound like science-fiction: a state-of-the-art ship that moves across the ocean surface while a trio of remotely operated, custom-built machines cut, dig, dredge, and slurry gold ores from the seabed. It could be very real. Nautilus Minerals, which will — if its project off the coast of Papua New Guinea succeeds — be the world’s first seafloor mining company also represents an attractive, priced-to-move play for bold lovers of the shiny yellow metal.

Jules Verne’s famous submariner Captain Nemo piloted his opulent vessel the Nautilus to the sites of shipwrecks around the world to harvest their gold in the classic adventure story 20,000 Leagues Under the Sea. Nautilus Minerals (TSE: NUS), a Toronto-based mining company …

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