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Thenoran
Caldari
Tranquility Industries
Posted - 2007.11.03 14:45:00 - [1]
 

Currently I'm mining lots of Plagioclase with my Rokh, but since Pyerite is going ever lower (4.50 ISK and lower), I was wondering if it would be better to mine Veldspar.

I use an Ore Calculator and it basicly said that Veldspar and Plagioclase are currently about worth the same, but hauling millions of Tritanium is ofcourse harder then hauling a few mil of Mexallon.

Currently I can sell Mexallon for around 32-34 ISK, Tritanium at 3.18 ISK and Pyerite at around 4.50 ISK.

So I was wondering which ore would be better to mine given current prices and hauling time?
Also, anyone got a clue why Pyerite is so low in price? Its nearly down to half of the original server base price.

Thorek Ironbrow
Caldari
CAPS Holding
Capital Storm
Posted - 2007.11.03 14:54:00 - [2]
 

The price is probably going down because people are getting greedy/theprice was too high for them.

Paisley Snatch
Posted - 2007.11.03 16:59:00 - [3]
 

Plagioclase is the second best ore to mine in empire, best being kernite, so I would stick with the plag. Whatever you do just don't mine omber or jaspet. Those are the two worst ore in all of eve. I don't think the pyerite price is bad though. Its at the same level it was before it spiked a year ago. Its nice to have a few mins at a reasonable price to keep ship prices a little lower, and trit and mex prices are still really great for the miners.

Paisley Snatch

Jurgen Cartis
Caldari
Interstellar Corporation of Exploration
Posted - 2007.11.03 18:06:00 - [4]
 

Originally by: Paisley Snatch
Plagioclase is the second best ore to mine in empire, best being kernite, so I would stick with the plag. Whatever you do just don't mine omber or jaspet. Those are the two worst ore in all of eve. I don't think the pyerite price is bad though. Its at the same level it was before it spiked a year ago. Its nice to have a few mins at a reasonable price to keep ship prices a little lower, and trit and mex prices are still really great for the miners.

Paisley Snatch


Actually, that low price back about a year ago was caused by an NPC good refining to give Pyerite at 4 ISK/unit +/- 1 ISK.

As it is, Veldspar and Plagioclase are king.

omiNATION
Gallente
TBC
VENOM Alliance
Posted - 2007.11.03 18:22:00 - [5]
 

Is CCP ever going to fix this? What did the economist say?

Akita T
Caldari Navy Volunteer Task Force
Posted - 2007.11.03 19:36:00 - [6]
 

Actually, CCP is apparently not interested in "fixing" it at all, but plan to "break" it even more by removing all possible limitations to mineral prices in the long run.
Ok, ok, they do have some "fixing" plan in form of uberveldspar and such, but I'm not sure how much that will help with empire pyerite price.
However, pyerite is in no damger of dropping much further right now, since there are NPC buy orders for 4.4 ISK per unit (might go down to 3.6 ISK per unit if a lot of pyerite gets sold to them, but that's the rock-bottom at the moment).

Thenoran
Caldari
Tranquility Industries
Posted - 2007.11.03 20:50:00 - [7]
 

Originally by: Paisley Snatch
Plagioclase is the second best ore to mine in empire, best being kernite, so I would stick with the plag. Whatever you do just don't mine omber or jaspet. Those are the two worst ore in all of eve. I don't think the pyerite price is bad though. Its at the same level it was before it spiked a year ago. Its nice to have a few mins at a reasonable price to keep ship prices a little lower, and trit and mex prices are still really great for the miners.

Paisley Snatch


Actually, Plagioclase is worth more then Kernite due to the low prices of Isogen in my region (60 ISK) and the fact that Kernite is 1.2m3 in size compared to 0.35m3 for Plagioclase.
Kernite yields more Mexallon per refine, but you get more Plagioclase then you get Kernite for the same amount.

Currently the ores that are really low:

Pyerite is at 4.50 ISK (server base: 8 ISK)
Isogen is at 60 ISK (server base: 128 ISK)
Nocxium is at 125 ISK (server base: 512 ISK)

This is in my region though.

Kara Rhane
Gallente
Rhane's Research and Development Labs.
Posted - 2007.11.03 23:11:00 - [8]
 

God do I feel old. I remember when you could find pyerite for 2 isk a unit, mex for 8, trit for under 1. And isogen used to be the king at good old 125 isk p/u.

Memories.

Admiral Nova
Strike Team Nova
Posted - 2007.11.04 05:32:00 - [9]
 

All time ? It was selling for about 2.3 isk a year-ish ago. Trit at that time was going for less than 1 isk. (0.8 I remember paying).

I remember Mexallon that you couldn't get rid of for 7 isk either :o

Jurgen Cartis
Caldari
Interstellar Corporation of Exploration
Posted - 2007.11.04 06:00:00 - [10]
 

Originally by: Kara Rhane
God do I feel old. I remember when you could find pyerite for 2 isk a unit, mex for 8, trit for under 1. And isogen used to be the king at good old 125 isk p/u.

Memories.


Originally by: Admiral Nova
All time ? It was selling for about 2.3 isk a year-ish ago. Trit at that time was going for less than 1 isk. (0.8 I remember paying).

I remember Mexallon that you couldn't get rid of for 7 isk either :o


That was about the time I started. Can't comment on buy order prices (back then I thought you needed a skill to set up buy orders, and didn't check em much). But I also remember 500 ISK Nocxium, 4000 a pop for Zydrine and 5000 a pop for Megacyte. Crokite and Omber were king.

The Medusa
Goonswarm Federation
Posted - 2007.11.04 09:46:00 - [11]
 

Originally by: Jurgen Cartis

That was about the time I started. Can't comment on buy order prices (back then I thought you needed a skill to set up buy orders, and didn't check em much). But I also remember 500 ISK Nocxium, 4000 a pop for Zydrine and 5000 a pop for Megacyte. Crokite and Omber were king.



You should have been there when Megacyte maxed out at 18 000 isk per unit...
Some of it got sold for over 20k pu for some time. Zyd where at 650..


Caligulus
Legion of Lost Souls
Posted - 2007.11.04 17:55:00 - [12]
 

If you're not making enough isk...do something else? Mineral values are tumbling because supply is greater then demand. Simple as that really.

Falka Lakadaka
Gallente
Posted - 2007.11.05 02:46:00 - [13]
 

It's a buyer's market, so stock up.

Except Tritanium, which still seems to be getting good prices.


Astorothe
Aperture Science Industries
Posted - 2007.11.05 06:41:00 - [14]
 

Buy buy buy and then sell later on.

Dretzle Omega
Caldari
Global Economy Experts
Posted - 2007.11.05 15:22:00 - [15]
 

Originally by: Thenoran
Originally by: Paisley Snatch
Plagioclase is the second best ore to mine in empire, best being kernite, so I would stick with the plag. Whatever you do just don't mine omber or jaspet. Those are the two worst ore in all of eve. I don't think the pyerite price is bad though. Its at the same level it was before it spiked a year ago. Its nice to have a few mins at a reasonable price to keep ship prices a little lower, and trit and mex prices are still really great for the miners.

Paisley Snatch


Actually, Plagioclase is worth more then Kernite due to the low prices of Isogen in my region (60 ISK) and the fact that Kernite is 1.2m3 in size compared to 0.35m3 for Plagioclase.
Kernite yields more Mexallon per refine, but you get more Plagioclase then you get Kernite for the same amount.

Currently the ores that are really low:

Pyerite is at 4.50 ISK (server base: 8 ISK)
Isogen is at 60 ISK (server base: 128 ISK)
Nocxium is at 125 ISK (server base: 512 ISK)

This is in my region though.


Then you either need to (a) look at the kernite buy prices, as those are probably worth more than the ore refines in minerals or (b) move to an area where the kernite buy prices are high.

Currently, in my system, there's kernite buy prices for near 180 ISK per unit. The minerals, after refined, are worth quite a bit less. The goal with kernite is to sell it whole if you're looking for profit.

Even so, I just did the calculation:

To get one batch of kernite refine you need 400 units. At 1.2 m3 per unit, that's 480 m3. You get 386 Trit, 773 Mex, 386 Iso. Assuming some general prices of:

Trit - 3 ISK
Pyerite - 4.5
Mexallon - 33
Isogen - 55

That makes kernite worth 47,897 ISK per 480 m3.

Plagioclase, at 480 m3 gives you 1371.4 units, which gives you 4.11 batches to refine. After refining you get 1052.16 Trit, 2104 Pyerite, 1052.16 Mexallon. That makes plagioclase, according to the same assumed prices, worth 47,340 ISK per 480 m3. Meaning even with low isogen price of 55, kernite is still worth more than plagioclase to refine. Still, as I said, there's buy orders for kernite in my system for 160 to 180 ISk per unit. 180 ISK makes 400 kernite worth 72000, far surpassing the 47,000 worth of refined plagioclase.

So kernite is still the king.

Thenoran
Caldari
Tranquility Industries
Posted - 2007.11.05 15:51:00 - [16]
 

Keep in mind I'm Caldari so mining Kernite would mean I'd have to go into 0.4, which I rather not do.
Any Kernite in Amarr space is macromined to pieces.
In addition, moving around ore instead of minerals in your Industrial is a lot harder as ore is much, much bigger.

Dretzle Omega
Caldari
Global Economy Experts
Posted - 2007.11.05 16:56:00 - [17]
 

Originally by: Thenoran
Keep in mind I'm Caldari so mining Kernite would mean I'd have to go into 0.4, which I rather not do.
Any Kernite in Amarr space is macromined to pieces.
In addition, moving around ore instead of minerals in your Industrial is a lot harder as ore is much, much bigger.


This is true. I was only combating the statement "plagioclase is more profitable to mine".

And as a miner in Amarr space, I can pretty much verify that kernite is not macromined. Kernite is simply mined out quickly by actual, non-macroed players.

And hey, at least you have more profitable ore to mine if you go to low sec. :) I'm stuck with Jaspet. Ugh!

Thenoran
Caldari
Tranquility Industries
Posted - 2007.11.05 17:55:00 - [18]
 

Must have been the region then, I tried mining Kernite in Amarr a few weeks ago and all I found was Kernite asteroids only 3k in size and twice the amount of cans for each asteroid.

Would be more profitable to keep mining Plagio and Veldspar in belts where the only cans around are mine :P

HelloKitty ToYou
Posted - 2007.11.05 18:05:00 - [19]
 

Edited by: HelloKitty ToYou on 05/11/2007 18:05:47
Sounds like people should stop trying to undercut their competitions prices until they cut themselves right out of a profit, and stick with a higher sale price til hell or high water.

Originally by: Thorek Ironbrow
The price is probably going down because people are getting greedy/theprice was too high for them.


yep, and too high is greedy, too low is greedy, for opposing reasons. "consider gain and loss, but never be greedy, and everything will be alright."

Ulstan
Posted - 2007.11.05 20:38:00 - [20]
 

Years ago trit used to be 1 isk and pyerite close to 8.

Is there any particular reason why isogen and noxcium are doing so much poorer than their 'base' values while tritanium seems to be at an all time high? (I was selling indy holds of it for 3.6 isk the other day)

Akita T
Caldari Navy Volunteer Task Force
Posted - 2007.11.05 20:54:00 - [21]
 

All other things being equal (they never are), all ORE prices tend to flock towards the same level for "grouped" ores (i.e. highsec/lowsec one big group, 0.0 only the other group) wherever possible.
Then, there's the "can refine from NPC sold goods" issue, and the drone regions income levels.
Also, some minerals (trit, pye, mex) get bought by NPCs via buy orders (starter schools).
Last but not least, ship insurance payout limits the "basket of minerals" to a certain level too.

All in all, all factors combine to create the prices we see now.

Jason Edwards
Internet Tough Guy
Spreadsheets Online
Posted - 2007.11.06 01:11:00 - [22]
 

actually prices have dropped recently because the big buyers stopped buying. Why did they stop? The proposed carrier changes essentially make carriers crappy. So they stopped building them. Thusly they basically want to produce only dreads or titans. Which titans aren't an option... but they don't have the bpos for dreads to run at the same rate as when they were making carriers and motherships also. So them stopping such building has made mineral prices drop a bit.

The Medusa
Goonswarm Federation
Posted - 2007.11.06 15:21:00 - [23]
 

Originally by: Ulstan
Years ago trit used to be 1 isk and pyerite close to 8.

Is there any particular reason why isogen and noxcium are doing so much poorer than their 'base' values while tritanium seems to be at an all time high? (I was selling indy holds of it for 3.6 isk the other day)



Iso and Nocx drop in HUGE numbers to the carebears in Drone regions, along with drone anomalies in a lot of regions.

Echanid Marrian
Posted - 2007.11.06 17:20:00 - [24]
 

Originally by: The Medusa
Originally by: Ulstan
Years ago trit used to be 1 isk and pyerite close to 8.

Is there any particular reason why isogen and noxcium are doing so much poorer than their 'base' values while tritanium seems to be at an all time high? (I was selling indy holds of it for 3.6 isk the other day)



Iso and Nocx drop in HUGE numbers to the carebears in Drone regions, along with drone anomalies in a lot of regions.

I agree with your statement. However, any Alliance/Corp located in Drone lands also uses a good deal of the minerals obtained to turn a good profit from manufacturing. Since they aren't getting bounties/equipment from Drone kills. The turn-around from kill to proffit is much longer for the Drone Regions.

Kane Tabor
Posted - 2007.11.06 21:03:00 - [25]
 

There's a site I check before I head out to mine: http://gunfleet.org/igb/mining.php.

Basically, you give it the prices (or select a region to auto-populate approx prices), and it gives you back the worth in isk/m3 of each of the types of ore you can mine in the system you give it.

Right now in The Forge, Plag is worth just a hair more than Veldspar.

NCP S2
Posted - 2007.11.06 22:48:00 - [26]
 

From my perspective, it's a supply and demand that gets flooded, in a nice little circle.

Everyone wants to mine for a profit, so the big ops focus on what sells well. When Trit was making diddly, it stopped being a focus, until there was a shortage. Then, all of a sudden, prices started to rise as the supply dwindled. A mass influx of Trit is starting, or should be starting, to come out, as the more expensive minerals get a flooded market.

Or at least, that's how it's supposed to go...

Thenoran
Caldari
Tranquility Industries
Posted - 2007.11.07 21:41:00 - [27]
 

Tritanium was at 3.5 ISK earlier, its now around 3.2 so maybe the Trit rage has already passed...


 

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