[TheForge] grizzly high precision tool room metal lathe

[terry l. ridder]

hello;

On Sun, 11 Jan 2009 sos at frii.com wrote:

>
> Hi Terry,
>
> The thing that caught my eye above is the "conservative 50 percent for
> expenses..". If that is based on actual costs you've worked out, great. It
> sounds like more of an off the cuff guess. I'd describe 'conservative' as
> an analysis to see how high costs could go and still have a worthwhile
> endeavor.
>

the 50 percent is the working number i came to after e-mail exchanges
with people who have in the past run the log recovery businesses and
with those who purchase the sunken old growth logs.

the main issue nearly everyone of them had was debt load. they did not
pay attention to their debt load and the cost of servicing that debt.

nearly none of them set aside a percentage of the income as a 'rainy day
fund'. several of the people i have talked with used divers to find the
logs and noose them with bouyancy lifting devices. their insurance costs
were staggering. a few where just in it for what they thought would be
quick hit-n-run profits. that was clearly not the case. this was not
finding a sunken spanish galleon in shallow water and raising tens of
millions in gold and precious gems.

the 50 percent comes out of the guidelines that i have so far come up
with.

0. never underestimate the weather.
1. never lose respect for the great lakes and the oceans.
2. do not push the ship and crew just to make another dollar or two.
3. do not risk anyones health or their safety just to make yet another
usd or two.

>
> Steve
>
>

-- 
terry l. ridder ><>