Summary
Profits hinge on finding gold and silver, which is why the stock market took notice in the past IS months as Odyssey found the two promising wrecks in the English Channel and the Spanish wreck - code-named "Black Swan," which Odyssey hypothesizes is the remains of the Mercedes. Odyssey Discoveries > "BLACK SWAN" - Odysseys code name for the wreck from which it recovered gold and 17 tons of silver off the seafloor in 2007 in international waters near Cadiz, Spain. Odyssey filed its admiralty action last year on the wreck site. > "FIREFLY" - Odysseys code name for a wreck 12 miles off North Carolina that has produced some gold and silver. > "BLUE CHINA" - Project name for an unidentified sailing ship carrying primarily china that Odyssey found in 2003 while hunting for the Republic.
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Extract
Treasaure, Interrupted
In October 1804, four Spanish frigates approached the port of Cadiz in southwestern Spain, laden with South American treasure. The loot was meant to bankroll Spain, nominally neutral but tacitly allied with Napoleon against Britain. Four British frigates met the treasure fleet.
In the ensuing Battle of Cape St. Mary, the British captured three of the Spanish ships. The fourth, the Mercedes, exploded. Historical novelist Patrick O'Brian integrated the conflict into one of his nov...See the full content of this document
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