Jump to content

Handcruser

Legacy Members
  • Posts

    3380
  • Joined

  • Last visited

Posts posted by Handcruser

  1. A little more context:
    The minister's comment comes as Kyiv and Washington negotiate a deal for Ukraine’s natural resources in return for support and security guarantees. The exact value and reserves of Ukraine’s natural resources, which include critical minerals like lithium and titanium, are only estimated and further calculations are underway.
    Would be useful to see a better breakdown of the $350B number.  By Western standards, "Reserves" are the value of the resource that can be profitably extracted, net of capital and operating costs.  The value of "Resources" is often reported as the gross value (before capital and operating costs) of mineral deposits that have not yet been proven to be profitably extracted.  So the value of Reserves is often a small fraction of the economic value of the Resources.
    The reported numbers seem very hand-wavy and I suspect they're conflating Reserves and Resources.  I'm not sure if anyone is doing this on purpose because this is a common mistake even among people who work in those industries.  More context:
    Details of the agreement have not been made public. However, the media leaked the White House’s initial proposal on Feb. 12 revealing that the U.S. is seeking a 50% interest in minerals and other natural resources like oil and gas, as well as critical infrastructure, sparking outrage in Ukraine with some officials calling the deal “colonial.”
    This makes me think they're taking the total Resource value (100% of the theoretically recoverable minerals regardless of whether they're profitable to extract) and multiplying by 50%.  That implies they're thinking about this as a royalty (before any costs).   This would create an unbelievable economic burden on the business burdened with 100% of the costs.
    Some quick math to demonstrate all this from a crude oil perspective:
    1.  Discovery of deposit with 10 billion barrels of oil in place - "OMG that's worth $700B at $70 per barrel"
    2.  It's estimated that 50%, or 5 billion barrels, of that oil can be recovered before incorporating costs and profitability.  This is usually defined as Resource. Value is $350B, but this just translates to revenue over several decades.  
    3.  Of the 50% that is recoverable, only 20% of that (or 10% of the total in-place) can be demonstrated as being profitable (revenue > capital costs, operating costs, and financing costs) to extract.  Now we're at $70B of revenue for 1 billion barrels of economically recoverable resource.  These are Reserves.  But the value of the project, net of costs, is a fraction of the $70B. 
    Capital costs: $20 per barrel
    Operating costs: $10 per barrel
    Financing costs: $20 per barrel X 1 billion barrels = $20B.  Let's assume a 5% interest rate, which is absurdly low.  The Marshall Plan was around 4%.  Financed over 20 years, this is another $20B.  
    That leaves $20 per barrel ($70-$20-$10-$20) of profit for 1 billion barrels, or $20B spread out over 20 years.    
    So that $350B of Resource is only worth $20B in Reserves.  And that's before any royalties are paid.  If the US is demanding a 50% royalty, then this project would never get off the ground because no sane company would take those terms.
    It's possible (and likely) that some of that unprofitable Resource will eventually move into the Reserves category with more exploration, better technology and/or a higher oil price, but that's not going to move the needle much. 

    Too much math.
  2. I keep waffling on trading the 43 or a 43x/48 but I don’t know why. I know most would say just buy it but why do I need two of the same lol

    43x mos gets you a rail for a light (don’t do that) and optics capability (who cares on that gun).

    Save up and get a 2011

    Hayes, Cardinal, rc9, atlas, etc.
    • Hook 'Em 1
  3. Why would the G43 be up there instead of the 43X? It’s annoying that Glock won’t put a 15 round mag in that frame. Palmetto State and Shield arms have figured it out. 

    They can’t unless they change their methodology.

    You can get one from shield but then you need to change the release.

    10 is enough anyway.

    They sell more 43’s btw
  4. Wait. We had a huge debate going on the other night. 
    Moon or Bonham?

    I never like moons playing - that’s just me.

    Bonham was incredible - fast, creative, technical, etc. Just a special talent imo.

    I love Copeland too. What a great fit he was for what the police needed and wanted.
  5. What was the name of the bar around the corner from Copper tank that stayed open till 4 AM? They weren’t supposed to serve after two (but did). I remember Jerry being absolutely plastered in there with a couple college age girls hanging on him. Was one of my first real life intros to how much it doesn’t matter how old or unattractive you are if you’ve got a ton of money.

    Abrattos
    • Hook 'Em 5
    • Fuck Around and Find Out 1
  6. Bro, seriously. It's almost hard to fathom. Without NIL we would still be wandering the desert and getting our asses kicked in the SEC. Now that we can get payers and landed the top class this year, shits about to get even more real. 
     
    It really makes me wonder if we would have landed Arch without NIL. Hell, even Banks, Williams, and Campbell. know he (Arch) doesn't need it, but he wants to win. Now we can deliver that. All these 5* WR's, damn good to great TE's, 
    Our defense has gotten better every season, made the semis 2 years in a row, so with all those new toys for Sark,PK,Nansen,and Hazleton to work with, we will almost certainly making the layoffs and we'll for sure reach the mpu t as I'm top at some point in less than 5 years,imo. 

    Do you have this in English?
    • Haha 2
    • Grays are out, and were never my preference even when they were in. 
    • Not enough room for a freestanding tub (but I tried!). 
    • Want a microwave that could double as conventional oven as well, preferably under counter unit to free up space for pantry space.
    • Clarify on the "except for badass range? I'm reading as go bigger on the range?
    Thanks for all input.
    I will have some time to sit down and lay out some options this week while freezing... assuming the power stays on.

    Yeah - look here:

    https://www.bluestarcooking.com/cooking/ranges/
    • Haha 1
  7. I have been asking some of these same question on the Real Estate thread, but figured a more diversified set of eyes here.  I am completely remodeling my Dad's lake house on Lake Belton, and there is some insurance money from a ground floor flood, and a brush from a tornado for new roof.  So there is some seed money to start which is awesome.  I have a couple general remodeling questions and more specific kitchen design ones.
    But I am at the point where I am trying to decide what appliances I am going to install to make sure everything fits with the cabinets, electrical, plumbing etc.  Anyhow right now the appliances are a 30 inch cooktop, and a 27 in double oven on an opposing wall, in a U shaped kitchen.  The problem is right now there is no built-in microwave.  They used to be on the counter 30 years ago...Normally I would just swap out or cut down the cabinet above the range and replace the vent hood with a microwave hood.  But with the 10 foot ceiling heights I wanted to do a large vent hood for aesthetics.  Plus designer and realtor both thought that was that a built in vent would look better than the traditional microhood.  The good news is that I have two 240 supply sources to work with (I think).
    Right now the only appliance I would deem worthy of the remodel would be a Kitchenaid Dishwasher in white, which I could reskin as stainless for  
    1) Hardwoods and Tile in baths/laundry vs Luxury Vinyl Plank (LVP) throughout. -  What is your opinion here.  House is pier and beam and I have picked out some Hickory engineered with lengths as long as 7 feet. I have a bias towards hardwoods, but is it an unfair bias?  We will be at the upper end of range in area because of waterfront.  And since I am saving on some of the labor, and a ton on the doors and cabinets, so right now my flooring budget is $6.75 a foot for all flooring except in baths, before installation.  What is your opinion on value, resale, personal bias on natural wood vs LVP?
    2) There are 2-1/2 baths but no tub.  Realtors suggest converting one shower to tub, to increase appeal to families.  I tend to agree and plan to convert a shower into a tub/shower enclosure.  The bathrooms needed remodeling and since the the bath conversion is on a pier and beam subfloor I can more easily move plumbing.  So yes on conversion to tub/shower enclosure?
    3) How important is a second oven and built in microwave to you?  The personal cook/ entertainer in me sort of thinks you need two ovens, just for the big Christmas and Thanksgiving events. We have a double oven range, and a convection microwave hood effectively giving us three possible ovens to use.  We use the small oven probably 90+% of the time.  
    4) Range vs cooktop and double ovens.  I am leaning toward replacing the cooktop with a range, as I think. ranges simply look better.  I am toying with really going big here, but that's another question.  My thought is that if I replace the cooktop with a range I am freeing up built in space for a microwave/ oven combo to replace the existing double ovens. 
    5) Microwave hood, versus built in or stainless steel hood?   What appeals most to you?
    6) How important is a pantry? 
    7) Would the eye candy of a professional style larger 36 range negate having a second oven?  If you have a built in micro-convection oven as well?  In other words would not having the second conventional oven play into a purchase decision.
    How important do you deem the quality of appliances in a home?  How big of a difference do you see between say Kitchenaid (since I have a washer) versus a more professional style range like Thor? 
    I will probably be pushed the more conventional route by my father and sister.  Is that's the case I will go with a double oven range, built in hood, and built in microwave(where double ovens now exist). It will be a great improvement in appearance no matter with all new cabinets and countertops, but since I am gutting it, I like toying with different potential ideas.  The only bad thing abotu my 36" range idea is not many options in electric only 36 inch widths.  That's where I thought about the Thor stuff popped up from.  Cost between a 30" double oven Kitchenaid versus Thor as depicted below?
    Anyhow there are where my musings have brought me thus far on appliances.  It will likely be different after the weekend.
     
     
     
    m_letterbox_ffffff_100480.webpkstainless-steel-kitchenaid-built-in-microwaves-kmbs104ess-64_1000.jpgbuilt in microwave along with double oven VERSUS
    thor-kitchen-36-60-cu-ft-oven-electric-range-in-stainless-steel-hre3601-ranges-thor-kitchen-homeoutletdirect-485125.jpg?v=1648918318&width=1500m_letterbox_ffffff_100
    TMO30__72402.1724496681.jpg?c=1
     
     
     

    Hardwoods all the way. Stay away from grays.
    Yes to a tub 100%. Look at freestanding.
    Pimp out a pantry - work from there. Wire it. You have to have a pantry - a range and badass pantry is more valuable than a cooktop with double oven and no pantry. I would look hard at the extra wide range with double oven/ warming drawer/etc. do not build this kitchen around a fucking microwave.
    Kitchen aid is fine if this is a sub 700k-800k place. Except for a badass range.
    • Like 1
×
×
  • Create New...