Friday, May 18, 2007
Avast ye Matey
A shipwreck off the coast of England yielded more than just a jump in share price (up 57%) for Oddysey Marine Exploration (OMR). Oddysey retrieved "half a million silver coins and hundreds of gold coins...from an Atlantic colonial-era shipwreck in the largest such find of its kind." The excavation produced around 17 tons of colonial-era silver and gold coins estimated to be worth $500 million. Now that's some booty.