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Salvage Rights Auction
Transcript of Salvage Rights Auction
Through much research we have decided that salvaging would best be accomplished by either partnering with another person or entity to complete the salvage of the cable or to sell the salvage rights to someone through auctioning the cable to the highest bidder over $2,000,000.
Any and all documentation needed in order to follow through with any salvage project will be provided by insured & certified mail upon request.
The highest bid over two million after a 90 day period will receive the sole salvage rights to this cable valued at
If you decide to enter into the auction contact us at the e-mail address below for further details.
Once contacted we will send you auction rules and instructions needed to enter your bid into the auction.
Please respond to;
Y. James at;
Greetings! Let me begin by introducing myself and telling you a little bit about me. This letter comes to you with great anticipation for a generously profitable year ahead .
My name is Yvonne James. Two years ago my husband and I applied for and did receive through the US Army Corps of Engineers, the salvage rights for the longest section of the Transatlantic Cable, (referred to as the Transpacific Cable).
It runs from Telegraph Cove, British Columbia, to NewZealand. The path that it takes to get from one place to the other brings the cable ashore and back out to sea again a total of four times. This section of the cable is referred to as ’the shore end’ cable. The rest is called ‘deep water cable’.
The cables’ composition is primarily copper wire encased in Gutta-Percha’ sap, which has kept the cable protected as it is impervious to sea life and causes it to weigh one fifth of its normal weight while in water. This also makes it easier to pull off the ocean floor.
There is one more thing about Gutta-Percha sap; it is easily removed by any heat source, such as steam. This makes it environmentally friendly.
The copper weight of the cable is greatly multiplied as thirty miles of ‘shore end’ weighs approximately thirty tons. Therefore, of the four times, the weight adds up to 240,000 lbs. The ‘deep water’ cable has a weight of 500 lbs. per mile. Since there is a total of over 10,000 miles of cable and 120 miles of ‘shore end’ that leaves 9,880 miles of the ‘deep water’ cable. This puts the ‘deep water’ cables’ copper weight at 4,940,000 lbs. Adding the ‘shore end’ cables’ weight puts the total at 5,180,000 lbs. of # one Copper.
Approximately every 50 miles a ‘repeater box’ has been added that was constructed of an indeterminate amount of copper casing and copper bolts. Inside each of the 200 boxes is an indeterminate amount of gold and silver connections. These ‘repeater boxes’ greatly increase the overall value of the cable.
Due to circumstances beyond our control and financial hardships we’ve had to make some tough decisions and are forced to sell our rights to this cable to the highest bidder.
The cable (not including the ‘repeater boxes or their contents), is worth a minimum scrap value of $17,000,000 in US currency, based on the price of copper per pound at closing of the NYSE as of the date of this letter.
The highest bid over $2,000,000 will buy our rights to the cable. We feel that this is more than an appropriate starting bid amount, as through our research we have found no other investment, world wide, that $2,000,000 will bring a return of over $17,000,000 , and more accurately upwards of $20,000,000 as quickly and securely as this will.
This letter has been simultaneously sent via the internet to every business in the industry that deals in the purchase of scrap metals.
All bids will be recorded as they are received and can be viewed by all other bidders as they are being placed through our web site that has been created specifically for this auction.
The bidding begins when you receive this letter and ends midnight, (pacific time) thirty days from receipt of this notification.
The winner will meet with us in person at our residence in Vancouver, Washington with-in 72 hours of the closing of this auction to finalize this transaction.
Good luck in the year ahead, and may all your investments yield the highest prosperity yet and may you be the highest bidder.
Sincerely Investing in our futures,
John & Yvonne James
This page is being added as reference for your information or in the case you need assistance in knowing where to look for resources regarding the cable and it's salvage value:
1. This cable has been coated with Gutta-Percha sap. This makes it impervious to sea life and salt water.
2. The cable weighs approximately 1/5 its weight in water as it would otherwise weigh on dry land.
3. The Gutta-Percha coating itself easily melts away by means of any heat, or steam introduced to the sap coating. This makes the cleaning environmentally friendly as there is no need to burn anything.
4. Last year we watched a push tug pushing a barge down the inside passage, beginning in Alaska and ending, we believe in Telegraph Cove. This is where our cable begins.
5. We believe it would be beneficial for you to view the film at the start of the presentaion in order to give you a better idea of what equipment would be necessary in the salvage of the cable. The only difference being, the cable they salvage in the short film had much less copper content and was coated with a different coating.
6. One final note, we find this to be the most interesting of all;
Approximately every 50 miles there is a device called a repeater. This device contains an undisclosed amount of silver and gold connections. We wont know exactly what their content is until we have one on deck and can open it for inspection.
They even built a new ship just to lay the cable
Cable Salvage Rights Auction
View this video clip from OPBS.org
The section of cable that runs from Vancouver Island to Fanning Island has a gross weight of 7,700 tons and aprox length of 3,540 miles. The remaining cable has a weight of 15,400 tons and a length of 6,460 miles. This makes the total length from Vancouver Island to Fanning to Fiji to New Zealand approximately 10,000 miles, with an overall weight of more than 21,751 tons.
Length & Weight
If there are 21,751 tons of copper in the total length of this cable from Vancouver Island to NewZealand, that's 43,502,000 lbs of cable at $3.00; US price for scrap copper is $130,506,000.
These figures do not include the repeater boxes that are found every 50 miles, that include their own weight in copper and an undisclosed amount of weight in gold and silver connections.
Copy and paste in your web browser to view video.
If after the auction the winner is a cash bid, (rather than an accepted offer to partner with us to salvage the cable), one half of the bid amount will be due with-in 72 hours of closing the auction. The remainder, due upon completion of the cables' salvage.
Over time there have been many different denomination that have been recorded as assumed amounts. Therefore we have chosen to figure under the amount by not including in our figures the repeater boxes and the shore end cable weights that have been suggested.
Although the cable circumnavigates the globe more than 16 times this small piece is ours. Just think about the possibilities!
To join in send your bid to firstname.lastname@example.org
Auction begins today and ends on June 10, 2014