[Black Pill] i've realized u can make a gross margin of $18.60 from...

[brocode]

i've realized u can make a gross margin of $18.60 from extracting 1 gram gold from 80lbs of gold ore. (super realistic extractioon, sometimes u get more).

this is includes the purchasing cost of gold ore, just fyi.
so $18.60 after selling 1 gram of gold metal after extraction and paying for ur 80lbs of gold ore.

but then machinery, equipment, petrol, cooling, electricity costs put u at a place where u need to extract at least 100 grams of gold a day to make this sustainable.
the equipment we can use is relatively cheap compared to large scale gold extraction proccesses, which are more efficient yet more expenses and are only pragmatic when using large amounts of ore.

mining less than 100 grams of gold a day will not be cost efficient. I've calculated and researched most costs at varying factors and this is the most ideal bare minimum with the current small-scale technology.

so extracting 100 grams of gold a day => $1860 gross margin, where 1000-1200 will go to the running expenses with the most efficient equipment.
so profit per day will be $860-$660.

around 22 days => $18920 to $14520 (just profit, after all costs).

this is very nice, but there can be MORE extraction of value. the flaws associated with less profit margins here are:
1) operating costs
2) cooling costs
3) time needed to seperate the actual gold from the sulphide ore.
there is massive room for improvement in these 3 things both at large scale and small scale levels.

[brocode]

sometimes i mire myself too much for thinking about these creative places where no one is willing to look

[cryingIRL]

Too long, stayed poor.

[brocode]

Too long, stayed poor.

the starting capital is quite some cost, if u have the starting capital u will legit be making a shit ton of money.
but alas i dont have the starting capital.

im gonna have to stick in the education field and work in corporate to develop some machines WAY better at operating at less costs. that is important. im gonna do this.

[eldajaal1488]

thats impossible if u arent rich from start

[brocode]

thats impossible if u arent rich from start

it does need some starting capital but not as much as we think
like $50k is enough for small scale.
yeah if u wanna do a full scale plant in uganda its gonna cost more but by urself after buying gold ore from third party its not much.

its hard to set up in western and central europe, UK, and china and pretty much very easy anywhere else in the world.