How rich is rich?
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  1. #1
    us
    FIRE...Financially Independent Retired Early. Poor but free!

    Feb 2013
    Deep in the redwoods of the TRUE Northern CA
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    How rich is rich?

    It's raining and I'm daydreaming about the gold. I did some searches on this but didn't find what I wanted so tried to do it myself.

    Lets say you get consistently 0.2 grams of gold out of a 5 gl bucket.

    0.2 x five-5gl=1.0 gram

    155-5gl buckets should produce a troy ounce of 31.10

    41-5gl buckets =1 cubic yard
    so approx 4 cubic yards of dirt will be processed. Divide by 4 =$300 per square yard (based on current spot of $1200)

    Seems awfully rich. Did I mess up anywhere?
    Last edited by Jeff95531; Oct 29, 2014 at 04:34 PM.
    Aufisher and BurntBear like this.
    We don't fight for gain. We fight for what is rightfully ours.

    Just another supporter of Land Matters http://www.mylandmatters.org/ The one stop place for mining matters on public lands!

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    A recent study found that there are just too many studies being done.

  2. #2

    May 2013
    The Golden State
    Whites Goldmaster V/SAT. VibraProbe. Bazooka 48" Prospector Sluice. Shorts. Chickens + Goats + Goldhounds. 35' Chris Craft Caribbean motorsailer. FISH OIL + BURLAP
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    Rich to me is making $5 an hour playing in the creek lol. BTW we get about a gram per 10-15 buckets.
    Last edited by Aufisher; Oct 29, 2014 at 05:18 PM.
    I am a teacher, hydrologist, biologist and a prospector.

  3. #3
    us
    fowledup

    Jul 2013
    Northern California
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    No disrespect intended but your only have way through with the equation, the other half is- What is your per hour wage? Is it profitable and how long will it be sustainable? Can you make a living off it? Thats more important because what you can survive on and call rich another would go bankrupt on. No definitive answer. Some big outfit could be profitable with cents to the ton, where as you would need dollars to make expenses.
    Aufisher likes this.
    Folks may not remember the words of what you said but they dang sure will remember how you made them feel!

  4. #4
    us
    May 2009
    Sailor Flat, Ca.
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    .2 per bucket consistently would be great. I get that only when my bucket is full of cherry picked sniped cracks. In an area that gets about the amount aufisher mentioned. That's why we try to run as much of the best dirt we can when sluicing. It helps when you start to get those .1 clinkers in the pan. That's when you have pennyweight days.

  5. #5
    us
    FIRE...Financially Independent Retired Early. Poor but free!

    Feb 2013
    Deep in the redwoods of the TRUE Northern CA
    Teknetics Alpha 2000
    2,624
    4093 times
    Prospecting
    Quote Originally Posted by fowledup View Post
    No disrespect intended but your only have way through with the equation, the other half is- What is your per hour wage? Is it profitable and how long will it be sustainable? Can you make a living off it? Thats more important because what you can survive on and call rich another would go bankrupt on. No definitive answer. Some big outfit could be profitable with cents to the ton, where as you would need dollars to make expenses.
    Well I'm retired and not out to make a living at it. My operation is definitely small scale and one employee. Probably 2.5 gallons per hour is dug/classified. Even if you could use a shovel, it really is too large. Getting and processing one 5 gallon bucket of the material I'm talking about is labor intensive...but no matter...I'll keep digging
    We don't fight for gain. We fight for what is rightfully ours.

    Just another supporter of Land Matters http://www.mylandmatters.org/ The one stop place for mining matters on public lands!

    CA prospectors check here http://www.mylandmatters.org/Donate/Gift1.html

    A recent study found that there are just too many studies being done.

  6. #6
    us
    Oct 2008
    Northern California
    594
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    Jeff, Mike here, your neighbor in Fort Dick. Why don't next time you hit the creek come and borrow my Bazooka prospector and try it out. I think it will up your production appreciably. Just give me a holler.

    Mike
    ALewis, 63bkpkr, Aufisher and 3 others like this.

  7. #7

    May 2013
    The Golden State
    Whites Goldmaster V/SAT. VibraProbe. Bazooka 48" Prospector Sluice. Shorts. Chickens + Goats + Goldhounds. 35' Chris Craft Caribbean motorsailer. FISH OIL + BURLAP
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    Amplify your power with Bazooka!
    I am a teacher, hydrologist, biologist and a prospector.

  8. #8
    us
    Dec 2013
    N. California
    Bazooka Prospector-Sniper-Supermini Thanks Todd & Chris, Goldhog Multisluice Thanks Doc, My Land Matters Thanks Claydiggins, 6 Senses
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    Mike that's a generous offer. You are to be commended Sir.

  9. #9
    us
    FIRE...Financially Independent Retired Early. Poor but free!

    Feb 2013
    Deep in the redwoods of the TRUE Northern CA
    Teknetics Alpha 2000
    2,624
    4093 times
    Prospecting
    Very kind of you Mike. I been meaning to pm you. I'll get one out soon. Thanks!
    Hangtowndiggins and Aufisher like this.
    We don't fight for gain. We fight for what is rightfully ours.

    Just another supporter of Land Matters http://www.mylandmatters.org/ The one stop place for mining matters on public lands!

    CA prospectors check here http://www.mylandmatters.org/Donate/Gift1.html

    A recent study found that there are just too many studies being done.

  10. #10
    us
    This isn't a hobby! It's hard work!

    Feb 2013
    Golden Valley Arid-Zona
    Fisher / Gold Bug AND the MK-VII eyeballs
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    2.5 gallons dug and classified in an hour Jeff? Man..... I can see that I'll have to be crackin that whip over your head when you come on down to work with me!!!!! Using the "Super classifier" that Chris came up with we can classify 2 buckets down to 1/4" in about 5 minutes of bustin butt. Remember.... more dirt moved means more gold in the pan my friend. Now... If we could run the dirt through the sluice as fast as we can classify it with that classifier we'd really be in business!!!!!

    Text me later and we'll talk
    Aufisher, Thurman and ALewis like this.
    http://www.mylandmatters.org/
    The one stop place for mining matters on public lands!

    "Those that make peaceful revolution impossible will make violent revolution inevitable" John F. Kennedy

    When I joined the Army I took an oath to protect this country from enemies both foreign and domestic. To the best of my knowledge I've never been relieved of that oath and will continue to follow it to the best of my ability.

  11. #11
    us
    FIRE...Financially Independent Retired Early. Poor but free!

    Feb 2013
    Deep in the redwoods of the TRUE Northern CA
    Teknetics Alpha 2000
    2,624
    4093 times
    Prospecting
    Quote Originally Posted by goldenIrishman View Post
    2.5 gallons dug and classified in an hour Jeff? Man..... I can see that I'll have to be crackin that whip over your head when you come on down to work with me!!!!! Using the "Super classifier" that Chris came up with we can classify 2 buckets down to 1/4" in about 5 minutes of bustin butt. Remember.... more dirt moved means more gold in the pan my friend. Now... If we could run the dirt through the sluice as fast as we can classify it with that classifier we'd really be in business!!!!!

    Text me later and we'll talk
    Ahh, if it were only so easy as digging up a gravel bar, wash or a bank. Lanny & Herb taught me some stuff that really improved my game. It's a lot of work tho...

    Find spot...move boulder(s)...move large rocks...move small rocks...get on knees...begin digging...move more rock...begin classifying material thru 1/2"...hit bedrock...thoroughly empty hole...1 gallon found.... backfill...repeat.

    Short of dynamite, I don't think it can be done faster but I'm always up to learn something new. I'll text ya this pm.
    We don't fight for gain. We fight for what is rightfully ours.

    Just another supporter of Land Matters http://www.mylandmatters.org/ The one stop place for mining matters on public lands!

    CA prospectors check here http://www.mylandmatters.org/Donate/Gift1.html

    A recent study found that there are just too many studies being done.

  12. #12
    us
    Northern California

    Aug 2007
    Southern California
    XLT, GMT, 6000D Coinmaster
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    Yes Jeff and that is why it is not a hobby! And Howdy!!

    Another item is to stay in shape as all that "hard work" could be hard on ones body. Use the longest lever bar possible for the situation as those situations will stress the body and one could easily overload it. I suspect that was the start of my shoulder problem. Saw a new doc yesterday and he feels I need another surgery so I am trying to get that setup.

    2019 is coming and I Will Be In Shape for it!!

    Have fun....................63bkpkr
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ID:	1072922 I sure do miss this place!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    Hefty1, Aufisher and Jeff95531 like this.
    Out searching w/GMT & friend under my arm

  13. #13
    us
    FIRE...Financially Independent Retired Early. Poor but free!

    Feb 2013
    Deep in the redwoods of the TRUE Northern CA
    Teknetics Alpha 2000
    2,624
    4093 times
    Prospecting
    Hey Herb,
    Thanks for checking in. Hope this helps get you back where you belong.

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    Aufisher likes this.
    We don't fight for gain. We fight for what is rightfully ours.

    Just another supporter of Land Matters http://www.mylandmatters.org/ The one stop place for mining matters on public lands!

    CA prospectors check here http://www.mylandmatters.org/Donate/Gift1.html

    A recent study found that there are just too many studies being done.

  14. #14
    us
    Fortune Favors the BOLD, while Karma Favors the Wise!

    Jan 2006
    Arizona Vagrant
    Whites GMT 24k / Fisher FX-3 / Fisher Gold Bug II / Fisher Gemini / Schiebel MIMID
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    Like Chris Rock says: Just remember; there's rich and there's wealthy.

    Shaquille ONeal is rich.

    The man that signs his paychecks is wealthy!

    Mike
    Aufisher, goldenmojo and fowledup like this.
    "You wouldn't like me when I'm mad, because I back up my rage with hard facts and logic!" - The Credible Hulk

    ............... ALWAYS REMEMBER: When you make a typo, the errorists win...................Aloha Snackbar!

  15. #15
    us
    Northern California

    Aug 2007
    Southern California
    XLT, GMT, 6000D Coinmaster
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    All Types Of Treasure Hunting
    Ahh Shucks Jeff, those are Purty! Makes me long for the forested mountains, clear clean water streams, rainbow trout and bears!!..................63bkpkr
    Out searching w/GMT & friend under my arm

 

 
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