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Topic created : 1.11.2012, 18:29
EConPot
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I just bought a new Metallurgical Factory, and that was a HUGE mistake. I didn't realize how expensive it was to buy bauxite, and there isn't much of a profit involved in steel production. The factory cost me $14 million. Would it be worth my money to buy a bauxite mine? I'm new to mining, so I don't really know how all that would work. If not, would anyone be willing to buy this factory from me? I'm willing to take a hit for my dumb choice.    

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2.11.2012, 01:41

Last time edited : 2.11.2012, 01:44
Rogue_Cat
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What about swapping it to steel production? At least, the supplies are available all the time, and you can always do something with it: watches, umbrellas... 
 

2.11.2012, 09:17
JustNash
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Bauxite being as scarce as it is, I'm quite convinced that buying a mine might be quite profitable. If you only intend to do this once though, there might be better ways to spend game points. Because at first you won't be mining as efficiently as you would after gaining more experience.
 
If you intend to support the game by buying points on a regular basis, your qualification in mining will continue to improve and quality of your ores will follow suit. 
 

2.11.2012, 19:02
narancasta
Winner of the Contest for Managers in the nomination Nation's Health Winner of the Contest for Managers in the nomination "Knowledge is power!" Winner of the Contest for Managers in the nomination Consumer Goods Winner of the Contest for Managers in the nomination The Standard of Virtonomics One year with Virtonomics
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Steel production is not hugely profitable, as some other industries, but it's not too bad either in my experience, especially if you have a high enough tech.
 
Mining takes a really long time to level up, meaning that for a while you'll be producing relatively small amounts of Q1 ore, but you should still be able to make a huge profit from whatever aluminum you produce. 
 

3.11.2012, 00:23
EConPot
Five years with Virtonomics Winner of the Contest for Managers in the nomination The Standard of Virtonomics
Five years with Virtonomics
 
What would you suggest if I were to buy a bauxite mine? What size should I make it? Should I buy it off the State Enterprise Market, or should I create a new one? 
 

3.11.2012, 00:55
narancasta
Winner of the Contest for Managers in the nomination Nation's Health Winner of the Contest for Managers in the nomination "Knowledge is power!" Winner of the Contest for Managers in the nomination Consumer Goods Winner of the Contest for Managers in the nomination The Standard of Virtonomics One year with Virtonomics
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Size actually means the amount of ore that can be mined overall, whereas the scope of mining operation is controlled by the amount of equipment and workers. So, you can buy as large a mine as you wish, you'll just be exploiting it longer if you work with only a fraction of workers. (IIRC) you can employ 800 workers tops at level one without a hit to efficiency.) Not sure about the exact role of number of shafts, complexity of mining and such, you should probably check the wiki for that.
 
State enterprise market offers of bauxite that I've seen have definitely not been worth the money, mostly mines with only 10-15,000 ore left for astronomical prices. In comparison, the cheapest mine (5 points) gives 20+ million. 
 

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