Nautilus Minerals Looking to Ocean Floor as Next Frontier

Belgian dredging company Jan De Nul is building a 191-metre specialized deep-sea mining ship to be named the Jules Verne to be used. The plan calls for copper and gold ore to be mined from the sea floor and pumped to the ship, then transferred to barges for transport to a land-based concentrator.

Pacific International Securities analyst Michael Gray said the company and its management should be taken seriously.