Posted by: Margaret Rouse
|“October 17, 2007. A Spanish warship forced a US treasure hunting vessel back into port at gunpoint yesterday as it tried to leave Gibraltar in the latest episode in a battle over what is claimed to be the world’s largest recovery of treasure from the sea.”|
Ok, it’s not exactly a treasure chest. It’s a ship. At least I think it’s a ship. Lots of rumors surrounding this one.
To protect the location of the treasure, Odyssey, the marine salvage company, has code-named the robot dive “Black Swan.” The excavation of “Black Swan” site follows Odyssey’s successful excavation of the SS Republic, a shipwreck lost in 1865 off the US coast. The deep ocean robot excavation of the Republic wreck had a retail value of over $75 million. Black Swan is rumored to be worth $500,000,000. That’s one reason Spain is so interested.
I’m going to get my niece Alex a share of Odyssey stock this Christmas. Should be a fun one to follow.
CNN Money has more info.