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<p>[QUOTE=&quot;Collector1966, post: 1242972, member: 17919&quot;]That news item is from 12 years ago. The American researcher who is quoted as saying that the gold should be easy to mine is a vulcanologist, not a mining engineer. In the meantime, the price of gold has risen from a little less than $300 to nearly $1800.</p><p><br /></p><p>Having a close relationship with the Japanese mining industry, I have heard various glowing reports of big, easy-to-mine undersea finds. But those reports are usually written by people who don&#039;t understand the basics of mining. Here is a Bloomberg Japan report from 2008 about Mitsubishi Mining teaming up with British companies to form a joint venture to mine undersea minerals. But the article states that &quot;because there has been almost no development of undersea mining in the world, it is fraught with problems&quot;.</p><p><br /></p><p><a href="http://www.bloomberg.co.jp/apps/news?pid=infoseek_jp&amp;sid=autR6xF8kcyo" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bloomberg.co.jp/apps/news?pid=infoseek_jp&amp;sid=autR6xF8kcyo" rel="nofollow">http://www.bloomberg.co.jp/apps/news?pid=infoseek_jp&amp;sid=autR6xF8kcyo</a></p><p><br /></p><p>Having discussed a similar find with a Japanese mining engineer a couple of months ago, it is apparent to me that the technology is still not developed enough to make mining these deposits an economically feasible undertaking.[/QUOTE]</p><p><br /></p>

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