The wreckage of the RMS Titanic may soon be lost, thanks to a newly discovered rust-eating bacteria.
Researchers at Dalhousie University in Halifax, Nova Scotia, in Canada have been examining the bacteria eating away at the remains of the famous ship as it sits on the ocean floor.
Using DNA technology, Dalhousie scientists Henrietta Mann and Bhavleen Kaur and researchers from the University of Sevilla in Spain were able to identify a new bacterial species collected from rusticles (a formation of rust similar to an icicle or stalactite) from the Titanic wreck. The iron-oxide-munching bacterium has fittingly been named Halomonas titanicae.
The bacteria have critical implications for the preservation of the ship's wreckage.
"In 1995, I was predicting that Titanic had another 30 years," Mann said. "But I think it's deteriorating much faster than that now. Perhaps if we get another 15 to 20 years out of it, we're doing good ... eventually there will be nothing left but a rust stain."
I'm still here, waiting for a press release or for August 19th, 2011 when they announce that PRXI gets control of the artifacts. When we get the spike I will sell. This is money I would normally have in a CD, but you can't make money in a CD... so this seems like a good risk / reward to me.
So if you owned a house with a cost of $250,000 (not generating any income) and had real value of $450,000 and perpetual annual growth of 2%-3% would you sell it? Or if this opportunity presented itself would you buy it? Secondly, how much did it cost Premier to recognize at least $135 million in artifact value? April 2012 this stock will be much higher than it is today.