SFRX, what does the operations model look like?
This is a repost from Goldenboy17
#SFRX
$SFRX
There is a BIG difference between DEEP water salvaging and SHALLOW water salvaging. Deep water isn't looking for a needle in a haystack, they are looking for a needle in a whole field of haystacks.
Deep water - drive around in a boat for years looking anywhere in the ocean along certain multi-thousand mile paths hoping almost blindly to find a wreck sitting on the bottom of the ocean. This is a very different strategy from shallow water. Much less likely, much harder, much more expensive and the treasure is much deeper, miles deep sometimes. Also, once it is found, treasure is likely to be claimed by various countries who say it belongs to them and the treasure is then tied up in court for years.
Shallow water - Dig in a three square mile zone where evidence (anchor, boat remnants, cannons, ballast stones, etc) has been found to indicate a treasure ship has sunk. Use a mag survey to determine large iron hits which indicate cannons, usually grouped together. This is where the ship sank. The cannons were right above the payload on the ship. Where there are cannons, nearby will be treasure. Newer technology , just last couple of years, can pinpoint much more accurately and can determine not just iron but other metals as well. The hardest part of shallow water is that the ship and or its treasure is not visible, it is usually buried under the sand near the bedrock. So uncovering the treasure is more difficult than treasure just sitting on the bottom like in deep water. Good thing about shallow water is that of 62 cases brought by overseas countries to claim treasure found in coastal waters of Florida, all 62 were lost by the foreign countries. The two current SFRX wrecks are very close to the shore, very safe and should not even be challenged. The new site is closer and in more shallow water than Juno. Mag hits look amazing on both.
What has been the biggest challenge for salvaging wrecks in Florida over the past 20 years is the inability of anyone to get a permit. Everyone knew, NOBODY gets a permit to salvage in Florida. Then along came Kyle Kennedy and SFRX.
So we no longer need any comparison of deep water and shallow water wrecks because they are very different. There is no comparison.
The more you learn about SFRX and its unique situation, the more you realize the opportunity you have in front of you.
This is a repost from Goldenboy17
#SFRX
$SFRX
There is a BIG difference between DEEP water salvaging and SHALLOW water salvaging. Deep water isn't looking for a needle in a haystack, they are looking for a needle in a whole field of haystacks.
Deep water - drive around in a boat for years looking anywhere in the ocean along certain multi-thousand mile paths hoping almost blindly to find a wreck sitting on the bottom of the ocean. This is a very different strategy from shallow water. Much less likely, much harder, much more expensive and the treasure is much deeper, miles deep sometimes. Also, once it is found, treasure is likely to be claimed by various countries who say it belongs to them and the treasure is then tied up in court for years.
Shallow water - Dig in a three square mile zone where evidence (anchor, boat remnants, cannons, ballast stones, etc) has been found to indicate a treasure ship has sunk. Use a mag survey to determine large iron hits which indicate cannons, usually grouped together. This is where the ship sank. The cannons were right above the payload on the ship. Where there are cannons, nearby will be treasure. Newer technology , just last couple of years, can pinpoint much more accurately and can determine not just iron but other metals as well. The hardest part of shallow water is that the ship and or its treasure is not visible, it is usually buried under the sand near the bedrock. So uncovering the treasure is more difficult than treasure just sitting on the bottom like in deep water. Good thing about shallow water is that of 62 cases brought by overseas countries to claim treasure found in coastal waters of Florida, all 62 were lost by the foreign countries. The two current SFRX wrecks are very close to the shore, very safe and should not even be challenged. The new site is closer and in more shallow water than Juno. Mag hits look amazing on both.
What has been the biggest challenge for salvaging wrecks in Florida over the past 20 years is the inability of anyone to get a permit. Everyone knew, NOBODY gets a permit to salvage in Florida. Then along came Kyle Kennedy and SFRX.
So we no longer need any comparison of deep water and shallow water wrecks because they are very different. There is no comparison.
The more you learn about SFRX and its unique situation, the more you realize the opportunity you have in front of you.
1
