SalvOcean’s Appeal
There is little that SalvOcean has the kind of appeal and opportunity that will appeal to investors hence the decision to list the company on the Aquis stock exchange in London. Just the idea of massive amounts of precious cargo at the bottom of the sea that can with modern techniques be identified and retrieved with relative ease is something that will stimulate interest, some of it in no doubt a swashbuckling way.
It can very often take years to get a mining project over the line, and with enormous cost. The idea of a relatively quick turnaround on identified targets that are known historically, can be regarded as a shortcut to obtaining large amounts of legacy precious metal. We know that in the days before wire transfer the main way of transferring large amounts of physical wealth was by the ocean. This reached to peak during war time, hence the opportunity for SalvOcean, and its shareholders
Next Steps
Salvation is a company which is due to list on the Aquis market in coming months. It is affectively an offshoot of Britannia Gold Limited, a company formed in 2017. SalvOcean is looking to maximise the knowledge, expertise and value created in Britannia Gold over the years especially in terms of IP and WIP. The initial project is called Zeus, of which SalvOcean will use Britannia‘s expertise. There are in addition two more salvage programs on tap to follow in Zeus’s footsteps. As a rule of thumb, the cost of recovery versus the potential reward on each project has a 5 or even 10 to 1 or more ratio. So a cost of a few million Pounds could lead to a reward of £10 million or much more, and the more expensive salvages could lead to rewards in the hundreds of millions, or even billions. All of this can represents attractive and “quick” risk / reward as compared to mining in the ground.