- Joined
- Jun 3, 2007
- Messages
- 1,304
- Reaction score
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- Location
- Sebastian, Florida
- Detector(s) used
- A sharp eye, an AquaPulse and a finely tuned shrimp fork.
- Primary Interest:
- Shipwrecks
- #1
Thread Owner
I am contemplating a project at the moment with magnetometer(s), sidescan or multibeam and sub-bottom profiler to map a series of known shipwrecks that have been surveyed piecemeal by different operators using different equipment with different parameters in different decades...actually, different centuries. The results range from useless to quite valuable, but since the information is held closely by the owners for decades, who really know what is out there? I have heard for years about mag surveys done here and there and everywhere, but it is hard to know the who/what/when/where/how of it all.
There is no centalized archive or one vendor that a contractor/subcontractor can contract with to make use of the results so it seems like one big project is in order with the end result being a definitive geophysical survey of the area.
Phase 1 of the project will be +/- 44 sq nautical miles in 2 -10 sq nm bites.
Phase 2 will be in the neighborhood of 100 square miles.
For the 2 mags, MB sonar and a sub-bottom profiler we are looking at $200K in equipment, 4 small, cheap autonomous surface vessels, Sampson for a mobile operations center as well as Showdown for a chase boat and a couple of aerial drones. That is about a 200,000ish dollar survey of the area using a half million in assets. (This stuff ain't cheap).
What is the possible payoff? $500,000,000, we think.
How do we make the best use of the results? (You can't dig em all yourself) Partner with other salvors on a cash or (more likely) percentage-of-finds arrangement.
What are the odds of making the investment money back? IMHO, 70%.
What are the odds of making a Major Find ($10 million or more)? IMHO 60-70%.
What are the odds of finding the 20-40 tons of silver that is believed to be still missing? I think 40-50%.
Why would a 70 year old guy want to start a project that might not pay off while he's still mobile? I started this quest late in life. I've been at this, pretty much 24.7.365 for 12 or 13 years. Just because I can't be standing on the boat when the pile comes up doesn't mean it's any less important to me.
What do YOU think?
>> I do have to add that I had originally written this as a reply to another thread "MB and SS Bathymetry, AIS, VIIRS, visible satellite, IR satellite to find undocumented and potentially valuable shipwrecks." , but realized that I still have little idea what that thread was about so I just posted it as a standalone.
<reason for edit -my late night ramblings often need grammar check, spelcheck, accuracy check and either deletion or expansion>
There is no centalized archive or one vendor that a contractor/subcontractor can contract with to make use of the results so it seems like one big project is in order with the end result being a definitive geophysical survey of the area.
Phase 1 of the project will be +/- 44 sq nautical miles in 2 -10 sq nm bites.
Phase 2 will be in the neighborhood of 100 square miles.
For the 2 mags, MB sonar and a sub-bottom profiler we are looking at $200K in equipment, 4 small, cheap autonomous surface vessels, Sampson for a mobile operations center as well as Showdown for a chase boat and a couple of aerial drones. That is about a 200,000ish dollar survey of the area using a half million in assets. (This stuff ain't cheap).
What is the possible payoff? $500,000,000, we think.
How do we make the best use of the results? (You can't dig em all yourself) Partner with other salvors on a cash or (more likely) percentage-of-finds arrangement.
What are the odds of making the investment money back? IMHO, 70%.
What are the odds of making a Major Find ($10 million or more)? IMHO 60-70%.
What are the odds of finding the 20-40 tons of silver that is believed to be still missing? I think 40-50%.
Why would a 70 year old guy want to start a project that might not pay off while he's still mobile? I started this quest late in life. I've been at this, pretty much 24.7.365 for 12 or 13 years. Just because I can't be standing on the boat when the pile comes up doesn't mean it's any less important to me.
What do YOU think?
>> I do have to add that I had originally written this as a reply to another thread "MB and SS Bathymetry, AIS, VIIRS, visible satellite, IR satellite to find undocumented and potentially valuable shipwrecks." , but realized that I still have little idea what that thread was about so I just posted it as a standalone.
<reason for edit -my late night ramblings often need grammar check, spelcheck, accuracy check and either deletion or expansion>
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