[meteorite-list] Ad New Canadian Meteorite for sale

[MeteorHntr at aol.com]

In a message dated 12/5/2008 12:16:00 P.M.  Central Standard Time, 
star_wars_collector at yahoo.com writes:
I agree 100% on  this. $50 per gram is too high, the Carancas for example was 
$100 per gram at  first, now it can be had for under $20 per gram.
I have read several places  that it is only valued at $1 - $10 per gram. I 
will wait a bit  myself.

Greg


Greg and All,

I tend to agree that the  price MIGHT drop to $10/g, especially if there is a 
high degree of rusting on  the specimens found later next year.

However, there is a chance the  Canadians might offer to buy all or most of 
the ones already found.

If  the land owners can get a tax credit on $50/g to donate them, everyone up 
there  might be happy to donate them, and at a 50% tax rate, that is the same 
as  getting $25/g cash in hand to the overtaxed Canadians.

It sounds like  most of the land owners are very wealthy, so money may not 
mean anything to  them.  They might donate them all and not even care about a 
tax break or  cash values at all.

If only a few kilos make it to the market place, then  we could see the value 
be higher than $10/g.

If we seen hundreds of rusty  kilos coming onto the market, then we could see 
the prices end up way below  $10/g.

In any case, we probably will have to wait for the 6 months to  pass to see 
what is not purchased by the Canadian Government.

One thing  is sure, if ALL the masses were put on a restricted Canadian only 
collector  market, a few hundred kilos would probably sell for $0.10 a gram or 
even  less.

A smart thing might be to buy one specimen from Sonny and McCartney  NOW at 
$50/g and then buy more later at $10/g and if the price goes down to  under 
$1/g then buy so much more that you will have cost averaged your first  purchase 
at $50/g down to a reasonable level.

Of course, if you are one  of those people that get a rush at owning the 
newest most famous meteorite that  everyone is talking about around the water 
cooler, then how can you put a value  on that???

:-)

And also, realize that if you do buy a meteorite  from Sonny and McCartney 
now, you are investing into field recovery.  I  seriously doubt they will make a 
profit on this trip even if they sold what  little they found at $100/g, but 
if they can come close to breaking even, maybe  next time they will again be 
able to afford to get on the scene early and find  more.

And at the very least, we should congratulate them on getting to  the scene 
and making an effort.   

Good job guys, and  congratulations!

Steve Arnold #1
www.SteveArnoldMeteorites.com  

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