Local aviation historian Matt Rimmer, and the International Group for Historic Aircraft Recovery (TIGHAR) are fighting to preserve the wreck, having christened her the 'Maid of Harlech', they're seeking donations to raise the wreck next year.
Because of the plane's historical significance as the oldest surviving Eighth Air Force combat veteran and the fact that it's covered by the Military Remains Act we can't tell you exactly where it is, but we are looking forward to seeing this wonderful piece of local history preserved for Wales.
You can find more information about the plane, and donating to the project at the TIGAR website.