New Zealand Gold Prospecting & Metal Detecting Forums Archive

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If only I could afford it... anyone want to go into partnership? - Large working scale gold claim - Hokitika

NuggetHead		Posted : Monday, 16 December 2013 12:05:30 PM(UTC)
Rank: Gold Nugget Groups: Registered Joined: 19/10/2011(UTC) Posts: 42 Thanks: 11 times Was thanked: 19 time(s) in 11 post(s)		http://www.trademe.co.nz...al/auction-653377071.htm

FossickFester		Posted : Monday, 16 December 2013 12:47:52 PM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 14/09/2013(UTC) Posts: 174 Location: Tasman Thanks: 63 times Was thanked: 35 time(s) in 31 post(s)		Seems like it does alright..... Makes me wonder why their selling.....

DrunkBrother		Posted : Monday, 16 December 2013 1:31:19 PM(UTC)
Rank: Gold Ingot Groups: Registered, Moderators Joined: 27/11/2011(UTC) Posts: 911 Location: Auckland Thanks: 21 times Was thanked: 206 time(s) in 161 post(s)		Rubbish, they say that production is 1800 OZ a year, that is 2 700 000$ NZD a year turnover. and they sell for 1.2 m$?
		2014Rings PlT/PD=0 GOLD=30 STG=53 Junk=46
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Metal Kiwi		Posted : Monday, 16 December 2013 2:18:31 PM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 19/06/2011(UTC) Posts: 1,210 Location: Auckland Thanks: 498 times Was thanked: 484 time(s) in 322 post(s)		Originally Posted by: DrunkBrother Rubbish, they say that production is 1800 OZ a year, that is 2 700 000$ NZD a year turnover. and they sell for 1.2 m$? Maybe the mine has been tested for that gold production but not achieved it yet. My first impression was that they need another processing line as machinery has a habit of breaking and when that one line stops so does the cash flow. MK
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FossickFester		Posted : Monday, 16 December 2013 3:02:40 PM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 14/09/2013(UTC) Posts: 174 Location: Tasman Thanks: 63 times Was thanked: 35 time(s) in 31 post(s)		Maybe they had Todd Hoffman running it... no wait, this ones producing some gold... LOL :)

NuggetHead		Posted : Monday, 16 December 2013 5:18:58 PM(UTC)
Rank: Gold Nugget Groups: Registered Joined: 19/10/2011(UTC) Posts: 42 Thanks: 11 times Was thanked: 19 time(s) in 11 post(s)		I echo your comments DrunkBrother..... I too calculated a yearly payday of 2.7 or so Million... they do say price by negotiation, and that the rateable value is 1.2 million, but not what the exact price is. Still it seems that there is lots of land not yet mined, testing would tell if it was a go'a or not I guess, costs heaps just to get your own holes drilled too eh.... Sigh... TAKE THE PLUNGE, ALIENS WILL INVADE IN THE NEXT FEW YEARS ANYWAY, SO WHEN THAT HAPPENS THERE WILL BE NOTHING TO WORRY ABOUT..... pity my wife does not share my view :P What about this one: http://www.trademe.co.nz...75037851&permanent=0 And these two... http://www.trademe.co.nz...er/auction-536031121.htm So many potentials... so many risks... Will stick to fossicking for awhile yet I feel. Edited by user Monday, 16 December 2013 5:20:32 PM(UTC) \| Reason: Not specified

Cleggie		Posted : Monday, 16 December 2013 5:27:24 PM(UTC)
Rank: Gold Nugget Groups: Registered Joined: 24/03/2012(UTC) Posts: 88 Location: Christchurch Thanks: 88 times Was thanked: 59 time(s) in 31 post(s)		The $1.2 mil is the govt ratable valuation on the bare land if I read this correctly and the price is by negotiation. So I think this is way over my hobbyist means. The plant and equipment would come to more than $1.2 mil without figuring in the gold production, so good luck. Looks like they have dug a huge hole and moved a mountain of over burden. It looks like a lot of hard work to win the 1,800 ozs per year. If you're keen and have deep pockets, I say go for it!

NuggetHead		Posted : Monday, 16 December 2013 6:46:20 PM(UTC)
Rank: Gold Nugget Groups: Registered Joined: 19/10/2011(UTC) Posts: 42 Thanks: 11 times Was thanked: 19 time(s) in 11 post(s)		Yeah about that.... I have shallow pockets or deep ones with little in them but lots of enthusiasm :)

gogold		Posted : Tuesday, 17 December 2013 12:44:46 PM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 5/01/2012(UTC) Posts: 217 Location: gore Thanks: 4 times Was thanked: 56 time(s) in 45 post(s)		Originally Posted by: DrunkBrother Rubbish, they say that production is 1800 OZ a year, that is 2 700 000$ NZD a year turnover. and they sell for 1.2 m$? you are assuming they have free fuel, labour and maintenance. 5 guys and they wont be on minimum wage either so be at least 300k in labour acc etc all that machinery would easily suck back 2k+ fuel a day not to mention breakdowns insurance, royalties and all other costs. theyre probably only just breaking even. or else they've mined all the easier cheapest to mine stuff made the books look good and selling before they make a loss.

Golddigger7		Posted : Tuesday, 17 December 2013 1:13:05 PM(UTC)
Rank: Gold Ingot Medals: Groups: Registered Joined: 6/09/2012(UTC) Posts: 252 Thanks: 1 times Was thanked: 46 time(s) in 35 post(s)		yep, and dont forget the rehabilitation cost :0, will cost to bulldoze and retopsoil and make pretty again.

oroplata		Posted : Tuesday, 17 December 2013 1:17:27 PM(UTC)
Rank: Gold Ingot Groups: Registered, Moderators Joined: 16/06/2011(UTC) Posts: 1,040 Location: Christchurch Thanks: 23 times Was thanked: 211 time(s) in 152 post(s)		Best if you have a daddy who owns a fuel distribution company so you have access to cheap diesel. Marrying the daughter of a heavy equipment importer not exactly necessary, but recommended.
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