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Nocxium Ceiling at 1000?

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cuoredipietra famedoro
Deep Core Mining Inc.
Caldari State
#41 - 2012-04-19 21:40:19 UTC
I strongly believe that 1000Isk/u is more of a psycological barrier for nocxium. In fact, nocxium's price was 510ish Isk/unit @11March, when the PA cap was about to be removed.

It is very likely that those who bought large quantities of noxcium at that time have set 1000ish Isk/units as a form of "I Doubled my ISK" target, thus selling around that price and keeping the price lower than it should be.

Next target BRN could be around 1500ISK/u for the same reason.




Caeci caecos ducentes 
corestwo
Goonfleet Investment Banking
#42 - 2012-04-19 21:51:40 UTC
cuoredipietra famedoro wrote:
I strongly believe that 1000Isk/u is more of a psycological barrier for nocxium. In fact, nocxium's price was 510ish Isk/unit @11March, when the PA cap was about to be removed.

It is very likely that those who bought large quantities of noxcium at that time have set 1000ish Isk/units as a form of "I Doubled my ISK" target, thus selling around that price and keeping the price lower than it should be.

Next target BRN could be around 1500ISK/u for the same reason.






Almost no one knew about the existence of PA march 11th. Try March 27th as a better comparison.

This post was crafted by a member of the GoonSwarm Federation Economic Cabal, the foremost authority on Eve: Online economics and gameplay.

fofofo
Mara Rinn
Cosmic Goo Convertor
#43 - 2012-04-19 21:57:28 UTC
Nomad I wrote:
There is a huge amount of minerals in 0.0 but no miners, because something else gives more ISK


There is more than just the ISK keeping miners away from null sec minerals. There are corps which do mandatory mining ops, but those are even less fun than mandatory calls-to-arms. One day, null sec will realise that people who like mining are just different to people who like structure bashing, who are again different to people who like roaming in T1/T2 cruiser gangs.

As for the next BRN? I'm pretty sure Nocxium won't/can't hit 1500, simply because by the time it reaches that value every man and his dog in hisec will be farming missions for ore.

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CCP Spitfire
C C P
C C P Alliance
#44 - 2012-04-20 06:57:34 UTC
Offtopic posts removed. Please keep it civil.

CCP Spitfire | Marketing & Sales Team @ccp_spitfire
Pookoko
Sigma Sagittarii Inc.
#45 - 2012-04-20 10:05:21 UTC
I won't delve into math of the whole thing, but I'm very sceptical of the notion that high sec L4 runners will switch to mining if it were more profitable. L4 mission runners are very stubborn and conservative. Many mission runners don't take mission running as a means to an end, it is the end game for them. It is not simply a money making activity, but a way of life in EvE for them. Of course some may switch to mining if it were to become more profitable, but I'm not sure if this number will be significant enough to act as a cap on mineral prices.
corestwo
Goonfleet Investment Banking
#46 - 2012-04-20 15:21:08 UTC  |  Edited by: corestwo
Mara Rinn wrote:
As for the next BRN? I'm pretty sure Nocxium won't/can't hit 1500, simply because by the time it reaches that value every man and his dog in hisec will be farming missions for ore.


Two issues with your assertion here.

A) The amount of nocx within these missions is fairly negligible, as you can see from this "mining in missions" page. To use the Onslaught Level 1 as an example, 480k units of ore sounds like a lot, but that comes out to be 15,855 units of nocx. To put that 480k into a different perspective, that's 144,000m3. A single max skilled Hulk (no bonuses applied) mines that out in about 80 minutes assuming optimal conditions ("optimal" being one big asteroid that you can sit at 0km from). Call it 90-120 minutes realistically. If you're going to chain farm multiple missions, you'll be using a team. Or you'll be botting, in which case you won't be for very long.


B) People are already doing this. Pyroxeres has been by and far away the most valuable highsec ore in Eve for some time now, so it's already factored into the price somewhat and any impact it would have on the price would be lessened, as its going from "some" to "more" rather than "none" to "more".

Pookoko wrote:
I won't delve into math of the whole thing, but I'm very sceptical of the notion that high sec L4 runners will switch to mining if it were more profitable. L4 mission runners are very stubborn and conservative. Many mission runners don't take mission running as a means to an end, it is the end game for them. It is not simply a money making activity, but a way of life in EvE for them. Of course some may switch to mining if it were to become more profitable, but I'm not sure if this number will be significant enough to act as a cap on mineral prices.

Not to mention many of them have spent billions of isk in profits from mission running to unnecessarily pimp their rides. Roll

This post was crafted by a member of the GoonSwarm Federation Economic Cabal, the foremost authority on Eve: Online economics and gameplay.

fofofo
Mookie Quantico
Doomheim
#47 - 2012-04-20 21:29:42 UTC
Pookoko wrote:
I won't delve into math of the whole thing, but I'm very sceptical of the notion that high sec L4 runners will switch to mining if it were more profitable. L4 mission runners are very stubborn and conservative. Many mission runners don't take mission running as a means to an end, it is the end game for them. It is not simply a money making activity, but a way of life in EvE for them. Of course some may switch to mining if it were to become more profitable, but I'm not sure if this number will be significant enough to act as a cap on mineral prices.


Exactly... add to this that to be truly profitable at mining, it's like any other major career path in EVE... you need the SP invested in the right skills.

Simply jumping in a battleship, with a rack of mining lasers, is not going to appeal to very many mission runners or for very long.

Consumption will continue to rise -- and we already know supply is about to get much smaller. No math needed there.

Mook
Mara Rinn
Cosmic Goo Convertor
#48 - 2012-04-21 03:21:05 UTC
corestwo wrote:
A) The amount of nocx within these missions is fairly negligible, as you can see from this "mining in missions" page. To use the Onslaught Level 1 as an example, 480k units of ore sounds like a lot, but that comes out to be 15,855 units of nocx. To put that 480k into a different perspective, that's 144,000m3.


To put this in perspective, that is as much Pyrox as you typically find in hisec belts: an Orca full of ore, mined by a pair of hulks in half an hour, with a market value of around 28M ISK. The Score contains three times that quantity. While the miner is busy mining that ore, the mission runner will be busily hunting down that mission from another agent. Farm up enough instances of that mission to keep the miners busy every evening for the week, then go spam missions again for the weekend.

You might consider the amount of Nocx to be "negligible" but the miner looking for maximum profit doesn't care: this is high profit ore, available in near infinite quantity.

corestwo wrote:
B) People are already doing this. Pyroxeres has been by and far away the most valuable highsec ore in Eve for some time now, so it's already factored into the price somewhat and any impact it would have on the price would be lessened, as its going from "some" to "more" rather than "none" to "more".


This entirely depends on how much bigger "more" is than "some".

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