MEXP has been moving steadily higher since touching .0105 last week.  The stock is last @ .023 today and it seems that smart investors are snapping up cheap stock at these levels. Today alone the stock is 21%.

PSC was a buyer of MEXP yesterday and we expect to pick more stock down here before it takes off.

MEXP announced last week that they are resuming operations.  We are going to be in the Dominican Republic in march to visit with MEXP and get on site updates of the company’s activities.  This resumption of activities is a solid buy signal for PSC so we will buy what so we can be positioned to profit when MEXP recovers more treasure.

Marine Exploration Ready to Resume Salvage Operations; Authorities Authenticating Packing Seal from Sunken Wreck Which Could Considerably Increase Valuation of Treasure

http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=U-b006133-U:MEXP-20100212&symbol=MEXP&news_region=U

The excitement about the wreck is building again. Members can listen to this audio interview about the project.

Marine Exploration, Inc. Releases Radio Interview Discussing the Shipwreck Industry, High Tech Salvage Tools, and Treasures to Expect

http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=U-b005448-U:MEXP-20100218&symbol=MEXP&news_region=U

Bert Webber is in charge of the expedition.  The man is a legend in treasure hunting circles.  He has successfully uncovered massive finds in the past and he seems set to take this new expedition to the finish line as well.

http://repeatingislands.com/2009/09/23/dominican-republic-companies-search-for-treasure-bearing-shipwrecks/

We met Mr.Webber during our last visit in the Dominican Republic.  He was introduced to us at the Dominican Government offices where the company was displaying the haul of gold and silver from their first recovery effort.

He explained to us the historical significance of the find and he gave us a good idea of how much the treasure was worth.  Once the pieces are cleaned he told us that some of the treasure will find it’s way to auction.  Cash seems to be around the corner for MEXP.  We were told by MEXP that what we saw is just a small part of the expected haul.  This should get very big and very profitable.

This link is a good due diligence piece which gives you a clear idea of how big a treasure find can be the Dominican Republic.

http://www.real-estate-dominican.com/index.php?option=com_content&view=article&id=103:sunken-treasure-and-the-dominican-republic&catid=62:dominican-history&Itemid=78

Please remember to do your due diligence on MEXP.