Owner versus contract miner model, page-2

Contract Mining has its pros.
- set rate per ton moved
- no maint costs or mgmt costs, they are all rolled up in the rate
- no capital outlay

Of course you are paying a higher rate than you can do the job yourself, but its temporary. You can switch it on or off when you like (depending on how your structure your agreement). Many miners do it in the interim.....and once you are in a better financial position (ie to buy, manage and maintain your own gear) then you wind them down as you ramp up.

Should have been considered form the get go. Delays a large chunk of the capital outlay and gets the operation producing.

Puss