Your New Recommendation: Blue Water Ventures International, Inc. (OTC: BWVI)
Background
Unusual by most standards, Blue Water Ventures International, Inc. is engaged in exploration, discovery, and recovery of historical cultural artifacts, cargo, and treasure from ocean shipwrecks to be marketed through auction houses, websites, and directly to the public.
The Company also leases its crew and vessels to other entities involved in discovery and recovery from ocean shipwrecks, with operations focused on shallow water search and recovery projects in less than 150 feet of water.
The Company also focuses on deep-water salvage of both historic and modern-day shipwrecks.
To date, BWVI has recovered treasure from the wreck of the Santa Margarita, a Spanish galleon wrecked off the coast of the Florida Keys in 1622.
On the ship’s manifest, at the time of sinking, were 166,574 silver “pieces of eight” treasure coins; more than 550 ingots of silver weighing some 10,000 pounds; and over 9,000 ounces of gold in the form of bars, discs, and bits.
There was also a substantial store of contraband — a fortune in “unregistered” treasure having been smuggled on board to avoid paying a 20% tax to the Spanish king.
It is focused on deep-water targets, which include merchant ships from World War I (WW1) and World War II (WW2).
It uses archaeologically sound recovery methods, which are predicated on technology targeting shipwrecks primarily in North and Central America, as well as the Caribbean.
The Company focuses on the Margarita, 1715 Fleet, and Ghost Fleet expeditions.
Vital Statistics
Ticker: OTC: BWVI
Share Value: $0.10
Shares Outstanding: 34.82 million
Market Cap: $3.48 million
52-Week High: $0.06
52-Week Low: $0.24
12-Month Target: $0.30
Growth Drivers
With this company, the two most important elements of future growth are future potential of wreck sites and current marketability of existing resources recovered.
In both of these arenas, BWVI is well positioned.
Not only is its main target, the Santa Margarita, expected to yield another $10–$20 million of lost riches, but the legal disposition of this yielded material is stable and easily transferrable.
Last year, on August 15, the company announced that three of its signature pieces of treasure recovered from the wreck of the Santa Margarita were successfully sold at auction, realizing gross proceeds of $396,000 for the Company and its co-owner.
The sales of the Company’s three lots were included in the consignment of a larger collection of treasure that yielded nearly $2 million in gross sales proceeds.
W. Keith Webb, the Company’s president and CEO, commented:
While the Company is pleased that three of our lots sold, the results of the auction clearly demonstrate that the market for unique treasures and antiquities is indeed brisk and vibrant.
Less than two months later, the company took an active step to streamlining the process of liquidating its finds.
On Sept 30, 2015, BWVI announced that it has created Blue Water Treasures, Inc. (BWT) as a subsidiary to engage in the marketing, sales, and monetization of rare and unique treasures recovered from around the world.
While BWT’s efforts will commence with the marketing, sale, and monetization of treasure and artifacts recovered by BWVI, BWT will also seek to market, sell, and monetize treasures recovered by others, as well as replicas derived from such treasures and artifacts.
BWT’s efforts to monetize its treasure and artifacts will begin with the development of an exclusive line of treasure and nautical-themed jewelry consisting of:
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unique, one-of-a-kind pieces set with original treasure
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a series of precious metal reproductions
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other pieces, some of which will contain historical silver or gold
BWT will also seek to market high-value treasure that it acquires through the auction process.
The Company’s recent success in the auctioning of its signature treasure pieces has demonstrated how the auction process can provide a quick and profitable means to monetize treasure and other unique artifacts.
The Company has taken steps to update its website and promote and expand its social media footprint so that interested parties may follow its activities online.
Additionally, BWT is also developing its own website and establishing its own social media presence.
BWT’s website will include an online store that sells treasure and nautical-themed jewelry, historical artifact replicas, and related items directly to the public.
The Company anticipates that both website projects will be substantially completed in time for this year’s holiday season.
Conclusion
Blue Water Ventures, though dependant on non-recurring income, nevertheless sits on a very reliable source of income, as well as an established process for turning finds into cash.
At today’s pricing, with shares trading at nearly 60% below 52-week highs, the stock is a bargain for new investors.
I recommend building a position at or under $0.15.