![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, August 09, 2013 2:05:11 PM
Question... Why is it in your opinion that these other "average collectives" can grow and sell without being shut down but SKTO couldn't possibly do it?
That Said, I have some concerns about the contracts as well...Maybe my math is really wrong but I tend to lean with I-Glow on this part.
Some average Costs:
1/8 oz = $30 - $65 depending on where you get it.
So average about $55 1/8oz overall.
1 ounce = $55 x 8 = $440 wk per person
At those numbers:
1 oz a week @ $440 x 500 people week (at that proposed low end) = $220K WK x 52 WK = $11.44 Mil yr (before expenses and owners draw)
With 100 customers a day... small office (2K sq ft, electricity, etc)... 2 employees @ $20/hr... About 15K in expenses a month x 12 months = 180K
Cost of goods sold per year (assumes $5,000 per pound wholesale) x 31.5 LBS week = $157.5K wk x 52 weeks = $8.19 Mil
That's 11.4 Mil a year - $180K Expenses - $8.19 Mil cost of goods sold = 3.03 Mil.
That is before TAXES and the Owners Draw
Granted I am making a lot of assumptions but these are NOT outlandish numbers... 500 people a week at 1 oz per week = MILLIONS in gross revenue yes, but then all the cuts and we are much lower.
They need to explain this a bit better. Maybe at 2K people a week you could afford it but not these small collectives.
FEATURED Element79 Gold Corp Provides Update on Nevada Portfolio • Aug 23, 2024 8:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM
All Things Mobile Analytic, Inc. Reports Major Growth with Over $11 Million in Revenue • ATMH • Aug 22, 2024 7:19 AM
Unitronix Announces Strategic Entry into Cryptocurrency Space • UTRX • Aug 21, 2024 10:00 AM