Treasure Stock Rockets up 80% On New Find

Associated Content ^ | 05-19-07 | Ranger

[af_vet_1981]

• How many people pay a million dollars for an autographed baseball ?
• 17 tons of silver, do you know how many tarnished coins that could represent ?
• You don't need to eat gold. You trade it. It is a commodity.
• What did the first SpiderMan comic cost ? If you were one of a handful of people who preserved it, and sold it when it was in demand, you made smart money. If you buy it now, you spent stupid money.

[af_vet_1981]

I heard this story mentioned on TV this afternoon. They said the find could be worth $500 million.

In their dreams, before marketing expenses

Let's say they have 17 tons of silver and pretend it is coinage instead of bars for simplicity. Let's say that represents half a million coins/items for simplicity. Let's say they broker a deal with a major grading/authentication service and only pay $25 per item delivered back for marketing. That is $13 million in authentication services, delivery, handling, and insurance alone. Perhaps they cut those costs in half.

How much would you pay for an ounce of cleaned up silver ?

They need to get about $850 each for these (not $1000 because I know they have some gold to go with it to raise the rest of the figure to $500 million).

Really, how much stupid money is there really out there ? After the real estate correction ?

[Vn_survivor_67-68]

here it goes, south.....

http://finance.yahoo.com/q/bc?s=OMR&t=1d&l=on&z=m&q=l&c=

[af_vet_1981]

Interesting call
I would not short the stock though since you would be buying into it at some point. I would simply pass on both it and the coins/artifacts. They are certain to be overpriced for years. Later, when the market is saturated, you will see them come down in price on a venue like Ebay.

[avid]

Spain says the new found stinks: http://www.msnbc.msn.com/id/18785078/?GT1=9951

The situation about the Sussex wreck doesn’t appear to be as smooth as they stated in the press release (linked in #15), either. If the gold is from the Sussex, these perps should get arrested and the Odyssey confiscated.

[Vn_survivor_67-68]

interesting post from yahoo/OMR message board posted 2 hrs ago:

Project renamed to Black Hole (6 Ratings) 22-May-07 07:28 am
Where is it? Can’t tell you
How much is it worth? Can’t tell you
We recovered 500,000 coins, only 6,000 have been restored.
Are there claims? there probably will be
Are you partners with Disney? umm.. yes.
Is the timing with the movie a coincidence? no no.. just VERY fortunate
How much did you make last year? $5M- about the same as a gas station
You are burning cash at $23M a year, how will you support yourself? We may have to scale back operations.
Will you make $500M off the haul? Well, there are legal, SG&A costs, marketing, etc.. so thats a GROSS figure.

This is all taken from the famous Q&A and various PRs out there.

Rate it:
awful/not related to \pooraveragegoodexcellent

[Vn_survivor_67-68]

just FYI:

John Edwards Stakes Claim on Pirate Booty

By Brett Arends
Mutual Funds Columnist

snip......Even less well known is who owns OMR.

Biggest shareholder: New York-based Fortress Investments, a private equity and hedge fund manager. Senior adviser and major investor: John Edwards.

Edwards’ personal financial disclosures show he’s an investor in the exclusive Drawbridge Global Macro Fund, which owns the 9.9% stake in OMR.

http://www.thestreet.com/_yahoo/funds/followmoney/10358370.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA