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Gold/Mining/Energy : OMEX - Odyssey Marine Exploration Inc

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From: scooper4/7/2008 2:31:08 AM
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I read the article. The upshot is that OMEX principals exaggerated claims in the past but this time they have the HMS Merced, for which there is plenty of documentation and which had a million dollars worth of gold and silver in 1622 - perhaps $1 billion worth now (not $4 billion, because it's in piastres, not British pounds, and they are worth 25 percent of the pounds, which earlier reports valued at $4 billion). This is the now-fabled "Black Swan," and I think there's a good case that because it was on a commercial voyage Spain will have no claim to it, and of course the British have signed an agreement with OMEX on it. While it shows how dicey the early days were and how expensive the whole proposition is, it also shows that they have the treasure of the century.
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