Deep Blue Marine is a company focused on deep water research, exploration and recovery of treasures, including artifacts, from shipwrecks all around the world. The company’s business plan consists of researching, project development, locating, recovering and marketing the treasures found.
Since Beacon Equity Research covered the company in October of this year, the company has made significant strides in implementing its business plan. The latest developments are a testament of Deep Blue’s success as it builds a multi-faceted business that generates revenues from multiple avenues.
The rising gold prices have increased the value of coins and other treasures. The weakness of the U.S. dollar, significant increases in oil prices, concern of inflation, and terrorist activity have been key causes of the recent increase. Several experts are expecting gold prices to exceed $850 per ounce by the end of this year.
In the initial research firm’s report, Analyst Victor Sula, PhD stated, “The Company has already made a significant discovery at Terry’s Site, is exploring another promising site and is researching several additional locations. In addition, the visibility it will gain through a reality TV series documenting the Company’s research and exploration activities, should help DPBM attract financial partners. As a result, we are initiating coverage of DPBM with a Speculative Buy rating and a $0.06 price target.”
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