Like someone said, it is only a matter of money. In the middle 60's, I was a member
of the crew which righted and salvaged the 120ft barquentine "Ramona" on Bermuda's North Rock breaker.
She was on her way from Nova Scotia
to the Caribbean
after a refit
, got caught in an onshore storm, and came over the breaker to rest in a sandhole in the reefs
She was partially awash and filled with sand. We put flotation eqipment down low on her submerged side, and inflated it to help break the hull
suction, and lift
her. Tugs to her North in deep water, pulled by lines attached to her tackle-reinforced masts.
When she was upright we pumped her out, worked her thru the reef, and into the Dockyard.
After much work the money ran out, and after years she was un-ceremoniuosly sunk in the graveyard to the North of the Dockyard.
As I said, its about the money.
A number of lives were lost
, and, IIRC, her Captain
was prosecuted for various charges.