$3 Billion in Platinum to be Salvaged from Cape Cod Wreck

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CapeCodOnline: A Portland, Maine-based company is hoping to retrieve at least one box of platinum ingots from a World War II shipwreck off Cape Cod—and thereby salvage its own operation.

Greg Brooks, co-founder and principal of Sub Sea Research LLC, believes that 1.7 million ounces of platinum ingots worth an estimated $3 billion is still with the Port Nicholson, a steam-powered 481’ British freighter that reportedly sank 50 miles northeast of Provincetown after being torpedoed June 16, 1942.

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