Wednesday, September 28, 2011

Ship sunk by U-boat found with $235 mil in silver

A British ship that sank in 1941 after a German U-boat’s torpedo attack in the North Atlantic has been found with 200 tons of silver on board worth an estimated $235 million.

The 412-foot S.S. Gairsoppa was located by U.S. -based Odyssey Marine 300 miles off the coast of Ireland at a depth of about 15,000 feet.

There was only one survivor from the steamer’s 85 crew.

Odyssey will reportedly get to keep 80 percent of the silver’s value as per the exploration firm’s contract with the U.K.’s Department of Transport.

For the full BBC report: www.bbc.co.uk

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