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<p>[QUOTE=&quot;Del Pinto, post: 2138880, member: 73128&quot;]I suppose people here have no idea how &quot;lucrative&quot; salvage ops are<i>n&#039;t</i>, in fact.</p><p><br /></p><p>OM&#039;s share (80%) of the bullion recovered from SS Gairsoppa was valued at $80 mln; however, the upfront COSTS were $27 mln and a syndication deal ($30.5 mln) split their take.</p><p><br /></p><p>OM Net: $28.2 mln on 2,792,000 Ozt Fine Silver.</p><p>OM&#039;s net revenue, per Ozt Ag recovered: <b>$10.09/Ozt</b></p><p><i>Easy Money</i>? I don&#039;t think so. But if salvagers could make a numismatic profit, they&#039;d certainly try.</p><p><br /></p><p>The OM company&#039;s 10k reports &quot;We have experienced a net loss in every fiscal year since our inception except for 2004&quot;</p><p><a href="http://ir.odysseymarine.com/secfiling.cfm?filingID=1193125-14-101158" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://ir.odysseymarine.com/secfiling.cfm?filingID=1193125-14-101158" rel="nofollow">http://ir.odysseymarine.com/secfiling.cfm?filingID=1193125-14-101158</a></p><p><br /></p><p>Who actually commissioned &amp; paid for the SS Gairsoppa commemorative ingots/coins, initially?</p><p><br /></p><p>&quot;Today, the Sunshine Mint has been commissioned to take the precious silver that was excavated from the Gairsoppa and turn it into 10 troy ounce bars and 1 troy ounce rounds.&quot;[/QUOTE]</p><p><br /></p>

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