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Odyssey Marine Exploration Inc. Message Board

  • mbuldar mbuldar Mar 9, 2012 3:30 PM Flag

    PRXI! What could it mean for OMEX?

    PRXI has doubled in the last 3 months. It looks like investors are getting excited about the Titanic auction results to be announced in April. It's amazing that the appraisal in 2007 for the artifacts came in at $189 million and the market cap of the company is $150 million.

    This could lead to two positive conclusions with respect to Odyssey:

    1) If a company that owns just artifacts and no bullion or coins (at least that I'm aware of) can trade at a $150 million market cap, imagine how much the Victory and Gairsoppa could be worth!

    2) The success of this Titanic auction could get investors much more excited about shipwrecks and Odyssey's backlog.

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