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Post by walnut on Apr 13, 2014 11:32:57 GMT -5
Thanks Maxi It's been quite clear to me that if the goldmine ever rockets up I'll be a $Millionaire, but it won't be worth shit....bwahahahahaaaa! At least it might be worth at least shit, which will be batting better than .500, might look pretty good after it all shakes out and it is the only thing worth anything.
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Post by walnut on Apr 13, 2014 11:35:59 GMT -5
Hey our flagstone mine has begun producing, looks to be a good property, started selling loads. Now we are looking for more leases in the area.
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Post by senescent on Apr 13, 2014 12:14:12 GMT -5
Hey our flagstone mine has begun producing, looks to be a good property, started selling loads. Now we are looking for more leases in the area. So how much does a 10 carat flagstone sell for?
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Post by walnut on Apr 13, 2014 12:25:42 GMT -5
We get anywhere from $100 to $200 per ton for flagstone, which is quite a lot if you think about it. How much is hard rock gold ore worth, and what is left per ton after extraction costs? Then what is left after covering the fixed costs? Flagstone is more lucrative. Our yield on $ invested is much higher.
I don't remember what a carat weighs or I would break it down haha
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Post by senescent on Apr 13, 2014 16:52:24 GMT -5
I only want 10 carats - so that has to be less than one cent. The stone business certainly sounds worthwhile (I don't suppose you want/need a partner). Where gold wins is AFTER it is refined - much more portable.
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Post by walnut on Apr 13, 2014 21:32:49 GMT -5
Yeah, who knows, there is virtually unlimited growth potential and the bigger quarries have 12 or 15 large excavators and dozens of loaders, would soak up quite a bit of capital pretty quick. So far it has been paying its own way as we have been getting started. Here is a picture of some really high grade brown flagstone from our quarry, the market is weeks behind on this stuff right now. Most quarries are turning down new customers.
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Post by jacksrbtr on Apr 13, 2014 21:42:04 GMT -5
Yeah, who knows, there is virtually unlimited growth potential and the bigger quarries have 12 or 15 large excavators and dozens of loaders, would soak up quite a bit of capital pretty quick. So far it has been paying its own way as we have been getting started. Here is a picture of some really high grade brown flagstone from our quarry, the market is weeks behind on this stuff right now. Most quarries are turning down new customers. Beautiful stuff!
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Post by novie08 on May 10, 2014 16:52:16 GMT -5
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Post by jacksrbtr on May 10, 2014 17:15:01 GMT -5
That piece is dated January 2013 fwiw.
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Post by jacksrbtr on May 10, 2014 17:29:41 GMT -5
Took Blueskies down to Arlington this morning to let her pay her respects to her Dad who is buried there. He was a MSgt in the Korean War who won the Purple Heart. She headed on up to Jersey shortly thereafter.
Goodluck Blue!!!
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Post by crumbdon on May 11, 2014 18:54:37 GMT -5
Yeah, who knows, there is virtually unlimited growth potential and the bigger quarries have 12 or 15 large excavators and dozens of loaders, would soak up quite a bit of capital pretty quick. So far it has been paying its own way as we have been getting started. Here is a picture of some really high grade brown flagstone from our quarry, the market is weeks behind on this stuff right now. Most quarries are turning down new customers. Wish it didn't cost so much to cart a bunch of that stuff to N. Utah. I want to do a lot of flagstone and gravel around some areas where I'm building my deck & patio. That would go beautifully with everything I'm doing. Nice stuff, Walnut!
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Post by walnut on May 11, 2014 19:48:02 GMT -5
Thanks!
Yeah, trucks are expensive, and they like backhauls, so anywhere out in the great American West including Utah is really tough.
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