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 Post subject: heaps and heaps of saronite ore prospect or transmute???
PostPosted: Thu Apr 15, 2010 1:43 am  
Scout

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Joined: Thu Apr 15, 2010 1:38 am
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i just got 111 stacks of saronite ore from the ah for 10g50g a stack and i am unsure wether i should prospect it or transmute it to titanium bars. the bars go for 255g a stack on my server and if i did the maths right i can make 138 bars plus more if it procs.

blue gems arnt selling that much on my server aswell i could really use the help!!!


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 Post subject: Re: heaps and heaps of saronite ore prospect or transmute???
PostPosted: Thu Apr 15, 2010 1:44 am  
Sergeant

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Joined: Sun Aug 30, 2009 1:48 pm
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Take a look at a spreadsheet, and plug in values for vendoring the blue gems (4.5g each). See whether this will make you more profit than transmuting.

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214,748g, 36s, 46c: 8/22/10, 2:15 P.M. PST


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 Post subject: Re: heaps and heaps of saronite ore prospect or transmute???
PostPosted: Thu Apr 15, 2010 1:46 am  
Scout

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Joined: Thu Apr 15, 2010 1:31 am
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I've been transmuting to titanium bars. I sell about half the titanium bars and use the other half to make titansteel bars. There's a little more profit in the titansteel but there's only so much you can sell and keep a decent price.


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 Post subject: Re: heaps and heaps of saronite ore prospect or transmute???
PostPosted: Thu Apr 15, 2010 7:43 am  
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Senior Sergeant

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You can do whatever is most profitable on your server. The only thing guaranteed is to smelt and vendor the bars.

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890k & Rising. What to do with rising amounts of stock I have. I could vendor the lot to hit 1 million, maybe.


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 Post subject: Re: heaps and heaps of saronite ore prospect or transmute???
PostPosted: Thu Apr 15, 2010 8:12 am  
First Sergeant

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I've done a little bit of both. I've purchased a good 200+ stacks in the last week from farmers and such at 10g - 12g a stack. Plus some other stacks off the AH for up to 12g 50s a stack. What I've done is sent about 1/2 of the stacks to be smelted and transmuted. The other stacks I'm working to prospect. I then take the gems and either cut/sell or make rings to DE and sale / make bags with. I just sort of watch the market and see what area will I make the most profit in.
Since the price of eternal earth is sitting at 2g per, dust at 1 - 1.10g per, and cosmic essence from 14.75 - 18g I do the DE thing. Frostweave cloth has jumped in price so I've held off on making more bags as the price of bags is still low (35-40g).


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 Post subject: Re: heaps and heaps of saronite ore prospect or transmute???
PostPosted: Thu Apr 15, 2010 9:30 am  
Scout

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Joined: Wed Mar 31, 2010 11:04 am
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Take a look at saronite bar pricing. I consistently get 40g a stack on my server after buying the ore for 125.g a stack o lower. Not a huge seller but should be good for 10-20 stacks on a high pop server over a weekend. Becareful how much you transmute at once as I have seen the market drop very quickly as of late.


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 Post subject: Re: heaps and heaps of saronite ore prospect or transmute???
PostPosted: Thu Apr 15, 2010 11:23 am  
Scout

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Joined: Wed Apr 14, 2010 10:17 pm
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Why choose? I've been getting hundreds of stacks of saronite a day between 10-12g and I mix it up. Some of it gets x-muted, some prospected, I make belt buckles and titanium weapon chains too. I don't even have an enchanter high enough to DE the rings and necks I make out of the green gems, I just vendor them. If you can get eternal earths cheap (60-70g/stack here) you can make decent money vendoring everything.


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 Post subject: Re: heaps and heaps of saronite ore prospect or transmute???
PostPosted: Thu Apr 15, 2010 12:55 pm  
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Senior Sergeant

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The Titanium bar market fluctuates rapidly on my server. Only last weekend I was selling at 16g per bar. Within an hour the AH had been cleared of all bars and I'd put 40 up. I was expecting someone to start reposting at a higher price. I quickly took the opportunity to post at just under 20g per bar and they were moving a little slower. Within a few hours the price was down to 14g. I quickly undercut with an alt.

I think the point of this is the markets can change rapidly and you need to be in a position to counter to keep the sales up. At 14g per bar your still making profit with vendor priced ore. If your Alchy is Xmute specced all the better. I smelt and xmute around 400 bars per run and repeat when I'm down to 2 or 3 stacks.

If your sitting on bars while the price is down, but still profitable, your letting you competitors take more sales. This would only encourage them to process more. Making it uncomfortable for them may put them off for a while.

When you are more comfortable dealing with larger amounts of stock you will realise that 100 stacks of ore is not really a lot. Lets put it this way. You have 100 stacks of ore. What would you do if you saw another 150 stacks of ore posted by the same seller after you bought those? I'm presuming these were listed nice and cheap and lets say below vendor price. They key is moving the stock. Prospect, Xmute or smelt and vendor. If it's profitable move it. It won't earn anything sitting in your bags. If it's not profitable, it maybe best not to buy it unless you can't stand to see your competitors taking cheap mats.

Obviously the time - profit ratio must be taken into account.

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890k & Rising. What to do with rising amounts of stock I have. I could vendor the lot to hit 1 million, maybe.


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 Post subject: Re: heaps and heaps of saronite ore prospect or transmute???
PostPosted: Sun Apr 18, 2010 12:40 am  
Scout

Scout
Joined: Wed Apr 14, 2010 10:17 pm
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I'm actually encountering a similar problem only with much larger numbers. I'd like to start off by saying "Hi, my name is moose, and I'm an addict." I can't NOT buy saronite ore that's below vendor price. I've set my snatch at 12g and there's a CONSTANT supply. I'm drowning in this stuff. So, what would you guys do if you were put into this scenario. I have a guild bank and personal bank full of saronite, with another 700ish stacks in the mail. All were bought at 12g or less per stack. I'm only beginning to realize how many hours of work it would take to prospect all of this stuff, or smelt, or xmute. After that, offloading that much product back to the AH is going to take weeks and the supply is still coming. I realize this is a "problem" most auctioneers dream of, but what's a guy to do? I'd like to also make note that eternal earth supply is the same as saronite, at 60g a stack or 3g per. So, I can make TONS of money shuffling it, I just need to be convinced that it's worth the time investment compared to something like smelt and vendor.


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 Post subject: Re: heaps and heaps of saronite ore prospect or transmute???
PostPosted: Sun Apr 18, 2010 12:10 pm  
Scout

Scout
Joined: Wed Mar 31, 2010 4:07 pm
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I REALLLLYY wish i had youre problem im the polar oposite of it atm, and have posted on this forrum asking for ideas on how to handle it. 200 stacks to me isnt alot from what im used to shifting but for my 2 pennies prospect it all.

Change the way you look at ur market. Especially the way you view ur common gem cuts.

Rare gems for me have made over 250k of my money far outselling the amount if gems ive sold

Solid sky
Bold, runed, delicate scarlet rubys
Reckless, Potent monarch topaz
Soverign (pattern world drop), Glowing and shifting twilight opal
Rigid smooth and brilliant autums

These above cuts made 90 % of the money mentioned above every green gem i got i cut/vendored or sent to my 2nd alchy non trans specced to xmute.

Saronite ore in volume ur speaking about will net you roughly 110 blue gems from 200 stacks. the cheapest of them blue gems i mentioned above sells on my server for 17g so i class that as my income and 1/3 of ur outgoings will be covered by making rings and vending. If i was you tho 200 stacks is a nice starting off point. Send the cut gems and rings you create to a fresh alt so you can vend/sell on ah. And actually track how much money you make you will be suprised. But do that once so you know what you make then you can roughly estimate how much ur gonna make for next time :mrgreen:

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If my spelling is shite, it's not because i'm stupid i'm Dyslexic.


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