Nautilus soars after PNG arbitration win

PAPUA New Guinea-focused deepsea explorer Nautilus Minerals has hit a seven-year high after an arbitration win sent stocks soaring 51% on the Toronto Stock Exchange.

Nautilus soars after PNG arbitration win Nautilus soars after PNG arbitration win Nautilus soars after PNG arbitration win Nautilus soars after PNG arbitration win Nautilus soars after PNG arbitration win

The company’s stocks rose to C55c (A55c) following its success in a long-anticipated arbitration case against the state of Papua New Guinea, which will see the company receive a cash payout of $US118