For you Treasure Seekers

In February 1941, the SS Gairsoppa was traveling from Calcutta, India, to Liverpool, Britain, with a cargo of silver, tea and pig iron when she became separated from the rest of her convoy in bad weather.

As the crew battled to bring the ship, which was running low on fuel, safely in to port at Galway in Ireland, she was struck by a torpedo from a German U-Boat.

More than 30 of the 85 sailors on board the SS Gairsoppa are believed to have made it onto lifeboats, but only one, Second Officer Richard Ayres made it safely home, landing in Cornwall after drifting at sea for two weeks.

http://www.thedenverchannel.com/news/29 ... etail.html

Yep, saw this and calculated that at about $38 an once 200 tons of silver is worth around 20 billion. that ought to buy a few rounds. Ok, they only get to keep 80% or around 19 billion.

It was a great story. I was wondering how much money that was. Thx Rock Doc

I have to wonder what you'd have left after hiring a competent salvage company, getting all of the required permits and licenses from the crown, and probably having to cut the crew in for a piece of the profit. All of that assumes that you have a successful recovery, what happens if you have to go back for a second or third try? It isn't uncommon to burn up a few million dollars just getting this kind of crew assembled and on board a ship much less the cost of any ROVs and other specialized tools needed to recover items from the bottom of the sea.

If you have a potential 20 billion there to recover, I doubt you would have trouble getting 100 million or more in financing to support this operation.