|
Post by melhill1659 on Feb 2, 2018 10:50:46 GMT -5
|
|
|
Post by rockjunquie on Feb 2, 2018 15:58:19 GMT -5
Man, that malachite is SWEET!
|
|
|
Post by broseph82 on Feb 2, 2018 17:45:42 GMT -5
OMG, please post more pics! I love seeing those huge boulders of stuff!! Awesome finds for those in here hounding
|
|
|
Post by melhill1659 on Feb 2, 2018 19:38:24 GMT -5
I'll post more as I cut guys.
|
|
|
Post by socalagatehound on Feb 2, 2018 21:36:30 GMT -5
Man, that malachite is SWEET! Yes it is!
|
|
|
Post by fernwood on Feb 4, 2018 8:59:39 GMT -5
I love malachite. Those are great ones.
|
|
zzyzzyx
having dreams about rocks
Member since October 2017
Posts: 60
|
Post by zzyzzyx on Feb 4, 2018 12:29:59 GMT -5
These are all cool. Had no clue people buy rocks.
|
|
|
Post by captbob on Feb 4, 2018 12:46:30 GMT -5
Had no clue people buy rocks.
|
|
wcminer
off to a rocking start
Member since February 2018
Posts: 17
|
Post by wcminer on Mar 2, 2018 14:20:49 GMT -5
... I know longer care what a slab costs as long as it can be profitable. Food for thought. What say you? In other words, you've got to spend money to make money... This is probably TMI and pulling the curtain back a bit too far but ... my general rule when I'm standing in front of a slab considering purchasing is "I make $40-$50 cabs" or I don't bother, plain and simple. Inside my head $40 means $36(+) and $50 means $55(-). It's just a range I shoot for and whether it's a small slabbette or a giant slab, if I think it won't meet at least one cab in this range I put it down. From there, I start taking a close look at the slab by getting it completely dry (so cracks are visible) then take a very quick inventory of potential cabs, using my thumb as a measuring stick. I high-grade them by design and the high quality ONES are wowzers! cabs that may sell in the high range, FOURS are just those extra pieces of the slab you know you should cab but will probably never get to, or will give away before you do. From this assessment that really only takes only a few seconds, I quickly calculate my costs vs. revenue potential. If costs are 25% or less of the revenue potential I will consider the purchase. In other words I won't hesitate on a $10 slab that contains contains at least (1) ONES grade potential cab that will sell in the 40-50 range. Additional ONES and TWOS from the same slab I calculate into the equation. THREES are considered by not calculated - these are probably low side, $36 cabs. Additional cabs that are FOURS I do not bother with. These are bonus revenue if I cab them but probably will take a long time for me to get to them if I don't give them away first. There are also times when it's the "collective" purchase of a certain type of slabs that I will combine calculations on. Obviously I don't get a calculator out but roughly figure it in my head. In other words I'm not afraid to toss a lesser quality slab into the purchase group if it contains one beautiful ONE potential. Using just the four Bed 79 egg slices I bought as an example - these slabs cost around $15 on average and will produce (7) cabs in the ONES and TWOS class and (2) THREES. Potential revenue $350 on a purchase of $60 - I would do this deal in my sleep. Conversely, two of the Black Rock Desert slabs I bought were in the $45 each range (a steal compared to internet prices) so it's a little more careful calculation required. The vendor that had the BRD material had literally hundreds of gorgeous slabs of it and I literally got flustered and close to panic because the choices were just too many in the limited amount of budget and time I had left. I have not planned these out yet but I think I will do OK on those too - not as good of margins but I won't lose money either. Sooooooo, you’re saying I sold you the slabs for too little? Lol.... just kidding
|
|
Tommy
Administrator
Member since January 2013
Posts: 12,652
|
Post by Tommy on Mar 5, 2018 15:39:18 GMT -5
Sooooooo, you’re saying I sold you the slabs for too little? Lol.... just kidding Haha you weren't supposed to see that. After factoring in our overhead costs - gas, food, etc. it's nice that you left a little meat on the bones!
|
|
wcminer
off to a rocking start
Member since February 2018
Posts: 17
|
Post by wcminer on Mar 5, 2018 15:47:08 GMT -5
Sooooooo, you’re saying I sold you the slabs for too little? Lol.... just kidding Haha you weren't supposed to see that. After factoring in our overhead costs - gas, food, etc. it's nice that you left a little meat on the bones! I don’t see the point in gouging..... I cab as well mine. I know what the value of the slab and what its worth as a finished product. But that’s the thing, it needs to be worked, there has to be money made on the crabbers end to pay for time and supplies, and I know most people aren’t as quick and efficient as I am. Soooooo.....
|
|