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Thread: Your investment

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  1. #1
    us
    captain

    Dec 2016
    ohio
    bounty hunter time ranger
    209
    181 times
    All Types Of Treasure Hunting

    Your investment

    Hello everyone, I'm here kicking things in around in my empty head and came up with this question. How much do I have invested in tangible equipment for prospecting and mining.I ask a lot of questions on mining and a lot of them are on equipment used in mining.I kinda ballpark I bought and used half of the stuff I asked about It would be a cool 100k. Have you ever thought about how much you have invested or is that subject best not visited.
    A2coins and winners58 like this.

  2. #2
    us
    j

    Dec 2012
    wisconsin
    whites mxt
    165
    279 times
    Prospecting
    I have spent close to 50k or so. not all at once thankfully.
    A2coins and winners58 like this.

  3. #3
    us
    May 2014
    AZ
    Sweep Jig, Whippet Dry Washer, Lobo ST, 1/2 width 2 tray Gold Cube, numerous pans, rocker box, and /home made fluid bed and stream sluices.
    1,912
    2767 times
    Prospecting
    It is the return on investment that counts. If you can reasonably expect to make enough to pay for it, over time if need be, and make a reasonable profit or break even from it's usage then it is worth it. Beyond that, some equipment has residual value and can be sold when no longer needed so that could add to your overall profit from the venture or offset some of your losses.
    Last edited by arizau; Jan 11, 2019 at 04:26 PM.
    If it can't be grown, it must be mined!

  4. #4
    us
    Jan 2012
    Chickasha,Oklahoma
    793
    1253 times
    Prospecting
    25k not counting my truck all recuperated.
    http://www.mylandmatters.org/Maps/GeologyOK/GetMap

    http://www.mylandmatters.org/


    "If the Gold dont care neither do I"
    Shawn Pomrenke

    4" Proline 2" Jobe combo 2.5" Keene 2.5" subbie Drywasher Spiral Wheel Minelab Detector

  5. #5

    Mar 2016
    1,441
    2190 times
    All Types Of Treasure Hunting
    A complementary question would be have you ever bought equipment that never paid for it’s self.
    I have $250 worth of fancy injection matting that has not even come close.
    A2coins, dredgernaut and winners58 like this.
    All treasures found with permission on private property or on active mining claims.

  6. #6
    us
    Jan 2012
    Oregon Coast
    White's V3i, White's MXT, and White's Eagle Spectrum Cleangold sluice & prospectors pan, EZ-Gold Pan, and custom cleanup sluice.
    1,377
    1970 times
    Beach mining, Metal detecting, Trading.
    I have spent less than 1000 bucks on the equipment I have...
    We hold these truths to be self-evident: that all men are created equal; that they are endowed by their Creator with certain unalienable rights; that among these are life, liberty, and the pursuit of happiness. Thomas Jefferson

    Which is also why we have the second
    amendment.

  7. #7
    us
    Aug 2004
    Olympia WA
    Minelab Xterra 70, Minelab SD 2200d, 2.5", 3", 4"and several Keene 5" production dredges, Knelson Centrifuge, Gold screw automatic panner
    828
    1801 times
    Prospecting
    I shudder to think about how much I have spent on gold mining over the last 40 years. I have no way to balance but I am confident that I am far in the black. Aside from financial profit, I have gained a impressive collection of collectible gear and 100's of specimens. I have met many hundreds of people, some not so good but most are great and a few have become lifelong friends. I have experienced what most people only read about and others cannot even understand. I have enjoyed the wonders of the outdoors in ways that money cannot buy.
    I consider myself wealthy because of gold mining...and I make a little money at it too
    Last edited by Bonaro; Jan 12, 2019 at 09:19 AM.

  8. #8
    us
    Mine President, XPBC, GIH

    Dec 2013
    Arcata, California
    Fisher 1212-x Fisher Gold Bug 2 Whites 4900/SP3 Rocker boxes, Keene sluices, Bazooka sluice, 2.5", 4" lowbankers, highbankers. Witch Sticks.
    601
    665 times
    Prospecting
    I have no clue, a lot LOL. There are a lot of things I bought before I knew better, there is a certain trash pump I spent way too much on and never used, also have a few bottom sucker pumps, funky old dredge parts etc...
    Last edited by N-Lionberger; Jan 11, 2019 at 11:22 PM.
    dredgernaut, A2coins and winners58 like this.

  9. #9
    us
    May 2014
    AZ
    Sweep Jig, Whippet Dry Washer, Lobo ST, 1/2 width 2 tray Gold Cube, numerous pans, rocker box, and /home made fluid bed and stream sluices.
    1,912
    2767 times
    Prospecting
    A lot less than those my age who golf on a regular basis. Probably as much as the cost of the golf balls alone were I to be a golfer not counting club membership, green fees and clubs.
    Last edited by arizau; Jan 12, 2019 at 12:10 AM.
    If it can't be grown, it must be mined!

  10. #10
    us
    Aug 2014
    SoCal
    SDC2300, Whippet, 151, GH, shovel, brain
    238
    384 times
    Prospecting

    Your investment

    Iíve never sold any of my gold so itís more about the enjoyment I get from having equipment that lets me do what I love doing. That said, Iíve spent thousands on equipment and itís not going to be paid off (in gold) for a few more years. Paying it off isnít my priority but it will be a big day when I do actually break even.
    Last edited by Hamfist; Jan 13, 2019 at 01:03 AM.

  11. #11
    us
    Feb 2018
    Western Massachusetts
    49
    64 times
    Prospecting
    About $200. I'll probably never break even.

    Lol, but then I never expect to, that's not why I do it.

  12. #12
    us
    Oct 2018
    Central Valley California
    92
    115 times
    All Types Of Treasure Hunting
    Equipment means nothing without the right ground to find gold in. Better to spend thousands on a good claim or land with lots of gold than thousands on equipment that won't find enough on the wrong ground.

  13. #13

    Mar 2014
    NorCal
    Fisher GB2, Bazooka Prospector 36", EZ sluice, Blue Bowl..
    943
    2127 times
    All Types Of Treasure Hunting
    It seems like everything I buy these days has been influenced to some degree by gold prospecting. If you include the side by side and bike and trailer im looking at somewhere between 15-20K
    winners58 and dredgernaut like this.
    Come check out my California Mother lode Adventures!---->https://www.youtube.com/channel/UC4U...aqFXriPUONmEtw

  14. #14
    us
    Jan 2016
    South of Gunnison, Gold Basin
    F2
    1,688
    1855 times
    Prospecting
    I've never bought any power equipment yet, never have found a place where I could pay for it and I'm pretty frugal like that.
    I have bought a few different sluice boxes between bazookas and Angus mackirks, a custom shovel and some estwing tools, gad bar and geo paleo pick. Basic tools other than that.
    I've probably spent as much on my camping gear to spend weekends out there but I try not to get in over my head with tools, gets expensive very fast and i just haven't found the gold to pay for it yet.
    I've been in construction my whole life and worked with enough tools to be patient and to see what I'll need for the job and the only thing I know is I haven't found the right spot yet. A few specks dont instantly warrant a $2000 highbanker for me haha.
    Until then I will keep prospecting for better places and decide on what I need when I find an amount of gold worth placer mining. I find small amounts almost everywhere but it's just too low grade to warrant a big expenditure.
    I needed new suspension on my prospecting car so I replaced the struts and lifted it 2 inches with a king spring lift. That was my biggest payout yet but it needed done anyway. It carrys my crap much better and rides like a champ.
    Less than $1000 so far I'm sure and I sold my bazooka prospector for $350 and came out ahead on that.
    My claim has the best potential so far but it's on hold while i prospect for better. I pay the 155 every year but that's doable.

    I've been more prospecting orientated with my pan and loupe and research, not so much towards the mining yet besides the occasional relaxing weekend at the claim and sluicing.

  15. #15
    us
    Apr 2015
    Oshkosh, WI
    888
    1277 times
    All Types Of Treasure Hunting
    So far about 10K for all the local prospecting. That's for food, fuel, gear, ect. Gold from those sources has been about an ounce. The paydirt I bought for testing scored ~$900 for $300 in cost.

    The Alaska trip is in about 13K for gear, and I'm expecting another 20K for travel/shipping expenses. Renting a huey ain't cheap! Back in my military days, a UH-1 cost $9800 every time we cranked the engine.
    winners58 likes this.

 

 
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