Blair summarized his position in a draft prospectus:
When we went to work at the Island two years ago, we knew comparatively nothing about the conditions as they existed. We supposed at that time that the Money Pit was not over 120 feet deep and that the treasure was not over 110 feet down. Our work has since proved that the Pit is not less than 180 feet deep, that there are two tunnels instead of one, and that one of them is not less than 160 feet down, and that there is treasure at different points in the Pit, from 126 feet down to 170 feet, without a doubt. We have also found out that the work done by the Halifax Company is a greater hindrance to the procuring of the treasure than is the original work.
We now claim that there is nothing that can prevent us getting the treasure.
All that was really certain was that the treasure hunt on Oak Island that had begun in the eighteenth century would continue into the twentieth.
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