Oceanic Research and Recovery Inc. (PINKSHEETS: ORRV), and Deep Marine Salvage Inc, today announced that they have agreed upon their first intended “cluster” of 5 commodity based salvage targets. These targets have been selected from our vast portfolio of shipwrecks lost in northern hemisphere waters. The combined manifested value of these cargos is a minimum of $2 billion at current commodity prices, and consists of platinum, gold, silver, copper and zinc. “This cluster has been selected not only because the wrecks are close to each other but because they also lie at shallow depths”, said Scott Heimdal, CEO of ORRV. “On the water time is money, the faster you can put it on the deck the higher your margins”, continued Mr. Heimdal. “Working depth is a big factor in feasibility planning.
