PS, Bill. I forgot to answer one of your questions. Contrary to what you assumed about hourly operational costs being 'foregone' this event was handled very business like from business plan through final accounting which will be turned in today so I was told.
Mr. Valentine used current equipment rental rates and current operator per hour calculations in putting together the budget for this event. Remember, he had pay a real live crew running the mechanical end of this operation. To do anything less would have put him in a potentially criminally negligent liability bind, and would have given his insurance carrier the heebie jeebies, trrrrrrust me!
The equipment, of course, he owns outright, but said overhead and maintenance costs were as accurate as he and the business manager could pencil it out PRIOR to my actual construction of the website and the announcement of the extravaganza.
After Valentine saw the gold he put out the backend, I'm wondering if he's privately wishing he'd charged more, but I'm sure he would say, "No!" He truly wanted the average joe as well as the retired gambler to all feel like they could come, have a good time, possibly make a buck, and allow Roy the kickoff of his internet mining mining venture, and announce his No Limit Gold and Mining club, all in one fell swoop.
I trust I've answered them all. I gotta run now. I'm supposed to be down there before 9AM and I've still got some other stuff to do and several miles of driving ahead of me. BTW, nice to see POG up again this AM in overnight trading. GO GOLD!!!
Regards, O/49r |