Monday, December 6, 2010

The Noctis Economy

While the Noctis May be designed to operate in a vacuum the rush for its construction has not taken place in an economic vacuum. Many people looked at the new ship and saw profits in moving the BPO's to hi-sec and selling at a profit, industrialists looked at the market and knew they could make profit selling these ships.

But for many, the speculation didn't go further, and they missed out on many more ways to make money. The first thing is that those new ships needed fitting so there was an increased demand for Tractor Beams and Salvagers, but many newly minted Noctis pilots considered this an upgrade over their existing destroyer based salvage boat and simply moved the modules over. What they couldn't move over was the Salvage Rigs, and I made a handsome profit selling those rigs, and, on the back end, I placed buy orders for the destroyers at below mineral cost.

Mineral cost quickly became a big issue for the manufacturers, all the minerals showed a bump in prices and today Nocxium is now selling at 40% more than it was a week ago. It should have been obvious to anyone who looked at the BPO before its release that nocxium would be in demand, since this ship contains a much higher proportion of this mineral compared to other ships. Smart speculators would have acquired a stockpile a couple of weeks ago and sold it for a handsome profit once the demand started picking up.

I'd like to say I anticipated the mineral market but even my stockpiles got eaten up quickly after I decided to manufacture from multiple prints in parallel. Instead, I ran the numbers and started buying up battleships and reprocessing them for minerals, for nocxium I was able to buy up large numbers of mining crystals, shield boosters and other nocxium rich items to make up the shortfall and keep my production lines running and profitable. So, of course, the prices of ships are now rising to keep in line with the mineral basket, and somewhat amusingly, the cost of running a mining fleet has risen slightly as there are no more cheap crystals available.

Not that the average miner will notice, after all they think the minerals they mine are free.

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