The treasure, 200 tons of silver valued well over $2,000,000 at the current price of silver, making it the largest recovery of precious metal in history and Odyssey Marine Exploration Inc. has the sole rights of salvaging the treasure. Odyssey's take is 80% of all silver recovered from the shipwreck. The only problem , is that this treasure lays at the bottom of the ocean with more than 15,000 feet of water separating it from the Florida based Odyssey team who has located it about 300 miles off the coast of Ireland.
Now the article doesn't give a look into the sinking of the SS Gairsoppa, but I thought I would.
Running Low on fuel the SS Gairsoppa left the relative safety of her convoy and set course for neutral Ireland. The plan was to refuel at Galway Harbor, but she never made it. At 0800 on the Feburary 16th she was spotted and circled by a German Focke—Wulf Fw 200 and by 2230 of that same day she was being tracked by the German U-Boat, U101 under the command of Ernst Mengersen. 38 minutes later the SS Gairsoppa was rocked by an explosion from a torpedo strike on the starboard side. She plummeted to her final resting spot some 15,000 feet beneath the ocean's surface. Along with her everyman save 7 perished.
Andrew Craig Senior Project Manager at Odyssey says "We've accomplished the first phase of this project - the location and identification of the target shipwreck - and now we're hard at work planning for the recovery phase," Andrew Craig, Odyssey senior project manager, said in a statement.
Odyssey is confident that they can recover the silver "Given the orientation and condition of the shipwreck, we are extremely confident that our planned salvage operation will be well suited for the recovery of this silver cargo," said Craig.
Neil Cunningham Dobson, Odyssey's top marine archaeologist, said "sadly most of her crew did not survive the long journey to shore." "By finding this shipwreck, and telling the story of its loss, we pay tribute to the brave merchant sailors who lost their lives,"