News Analysis: The Commercial Value to Bermuda of an additional 150 mile Radius of Seabed, beyond its present 200 mile Radius, in the Atlantic Ocean could be enormous. This additional area of 350,000 km2 [135,136 mi2] could contain Surface Seabed wealth of Manganese Nodules, Microscopic Gold, and the like. Additionally, Hydrocarbon Deposits might be extensive if Sub-Surface Seabed Drilling occurs.
Abundant Marine life could further economically benefit Bermudans [in areas physically removed from the aforementioned mining activities].
If Mr. Perinchief prevails in the Legal Arena, thus giving Bermuda this additional physical area, his contribution to the country would be priceless.
Reference: http://www.royalgazette.com/article/20131104/NEWS07/131109924