Pat Whatley
New Member
I know, we've beaten the dang dead horse into the ground about the show not being real and it all being set up and it's actually being filmed on a sound stage in Albuquerque. I recorded it and scanned through it in about 10 minutes tonight just to see if my hopes that the Parker kid finds a 12 pound nugget come true. Something finally struck me with the Hoffman bunch.
They needed to mine 70 ounces to cover the cost of food, transportation, gas, permits, all that stuff. Everything after that is payroll. The goal was 100 ounces....30 ounces profit.
30 ounces of gold at $1650 an ounce is $49,500. There are six guys up there working. Six shares of $49,500 is only $8,250 per man.
The mining season is around 125 days. They work 7 days a week (supposedly) and lets just say 12 hour days (though they claim 18). 125 x 7 x 12 = 10,500 hours.
$8,250 divided by 10,500 hours is......$7.85 an hour. The goal is to make $7.85 an hour?! Woo hoo! Way to go Todd! Sell that American Dream brother!
They needed to mine 70 ounces to cover the cost of food, transportation, gas, permits, all that stuff. Everything after that is payroll. The goal was 100 ounces....30 ounces profit.
30 ounces of gold at $1650 an ounce is $49,500. There are six guys up there working. Six shares of $49,500 is only $8,250 per man.
The mining season is around 125 days. They work 7 days a week (supposedly) and lets just say 12 hour days (though they claim 18). 125 x 7 x 12 = 10,500 hours.
$8,250 divided by 10,500 hours is......$7.85 an hour. The goal is to make $7.85 an hour?! Woo hoo! Way to go Todd! Sell that American Dream brother!