Second Time's The Charm? Plans Underway For Titanic 2

How would you like to book a trip on the Titanic.

An Australian billionaire is betting you'd pay a lot for a trip.

Mining tycoon Clive Palmer plans to build an exact replica of the ship.

It will be called Titanic 2.

It would follow the same path as it's namesake from Southampton, England to New York.

It will also have the same interior and cabin layout as the original.

Passenger will also wear costumes from that era.

It's rumored that some people have offered up to a million dollars for a ticket.

Titanic 2 is expected to set sail in 2016.