Copyright 2003, Odyssey Marine Exploration, Inc., Used By Permission.
http://news.bbc.co.uk/2/hi/uk_news/6672725.stm
It isn't easy to find sunken treasure. Odyssey Marine is a publicly traded company (AMEX OMR) that has spent several years perfecting the art. Besides the latest treasure find that could be the Merchant Royal, in 2003 they have located the SS Republic http://shipwreck.net/ssrepublic.shtml worth $75Mil in treasure; and they have an unprecedented partnership with the United Kingdom in their search and recovery of the HMS Sussex. http://shipwreck.net/sussex.html
