Post by Hot Christian Stocks on Dec 17, 2012 20:52:31 GMT -5
www.stockmeets.com
First things first, “Welcome” to all of our new members and “Congratulations” to everyone else for the big 127 % winner on Friday. Tonight we’re watching a situation that could be even more exciting; tonight all eyes are turning towards an exciting company that is literally finding fortunes on the ocean floor:
• salvage
• gold
• shipwrecks
• marine recovery
Sounds like something out of a pirate movie. Sounds intense. Sounds like a lot of money could be at stake… and there is: 650M dollars USD. That’s a head turning number, and it’s caught our attention today. So, without further delay, let’s get right to it:**
Tonight’s breaking hot profile is *Earth Dragon Resources, Inc. (EARH)
Earth Dragon identifies opportunities globally in the recovery of precious metals on both land and sea. The Company’s wholly owned marine salvage division, Project X, Inc., is in the planning and financing stage of recovering 3 WWI wrecks that research shows to contain gold and other precious metals.
Just over a week ago, Project X entered into a new joint venture agreement with Deep Marine Salvage to create a joint venture to salvage cargo from certain identified shipwrecks. The joint venture was formed for the financing and salvage of 3 World War I shipwrecks, which the Company’s management believes to contain cargo consisting of precious metals.
Earth Dragon has a lot going their way right now and everyone is anticipating the outcome of upcoming salvage efforts:
• If gold and silver prices were to remain around today’s levels, the Company could potentially receive up to approximately 650 mln usd from the recovery assuming 100% of the cargo on all 3 wrecks is salvaged.
• The UK government already issued 3 licenses for these wrecks to the Company’s joint venture partner in December 2011. This is massive news as obtaining a license can often be one of the largest issues facing deep-sea treasure salvage operations.
• Research indicates a large amount of gold cargo on 2 wrecks and silver cargo on the third.
• With recovery operations on their salvage targets scheduled to begin in May 2013 the Company may not be too far away from a potentially enormous discovery.
• The Company just announced that their subsidiary, Project X along with its Joint Venture partner, Deep Marine Salvage, have completed the final survey of their two primary salvage targets. This news can be read here:
Earth Dragon Resources Announces Final Survey Completed on Primary Salvage Targets
You must remember when Odyssey Marine Exploration discovered the US Civil War era shipwreck of the SS Republic and recovered over 50,000 coins and 14,000 artifacts from the site with an estimated value of 180 mln usd.
Odyssey Marine Exploration is one of the largest shipwreck salvaging companies in the world and the value of the Earth Dragon’s target shipwrecks reach far beyond that of the SS Republic.
That same Company also discovered the expected shipwreck of the Nuestra Senora de las Mercedes and recovered an estimated 500 mln usd worth of silver and gold coins from the ocean floor. This discovery included over 500,000 silver coins, hundreds of gold coins, worked gold and other artifacts. However, because the Company did not have a previous agreement with the government of Spain they were taken to court and then forced to send the entire 500 mln usd treasure trove back to Spain.
Part of why EARH is such a unique opportunity is that they have already been granted 3 licenses by the UK government to salvage all 3 of the wrecks.
The number of shipwrecks that could potentially be loaded full of treasure is mind boggling. During WWI alone, hundreds of ships carrying thousands of tons of valuable cargo were lost to enemy action. The Germans and their Allies were highly effective as they sunk over 2,828 of the 5,100 merchant ships lost, with a total of 21,570,720 tons of shipping.
During WWII the total value of all cargo lost is estimated at over 80 bln usd at today’s prices.
Earth Dragon is in an exciting industry. Salvage efforts can lead to unfathomable paydays as you can see from the numbers above. They are on the doorstep of three massive salvage efforts right now, making this situation quite unique… so don’t wait, start your research right away:
www.projectxcorp.com
www.earhweb.com
finance.yahoo.com/q?s=earh
Earth Dragon could be onto something massive, don’t sit on your hands; start your research right away.
Remember, sometimes everything can seem to be in line for a perfect situation and still go against you. So be smart, use the stops to protect your position and follow your rules.
As always, we encourage you to do further research. Also, when you find yourself in a position to profit, it is often wise to do so.
Best Regards,
-Team at StockMeets.com
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