Pricing The Priceless
by Simon Zohhadi on Wednesday, 10 August 2011 at 01:30 ·
National Geographical Channel: The Great Pyramid
Height: 146 Metres
Build: 23 Years
Legend: 100,000 Slaves were used.
Materials:
White Limestone (External) - 2.3 million blocks of limestone. Weight = 5.75 million US tonnes (1 US tonne = 0.91 Metric tonne).
Granite Blocks with no mortar (Internal Chambers). Weight = 8,000 US tonnes.
Scrap Value (Programme modern day estimate): Local sale value for 1 block of pyramid limestone = $150.
Antiquities dealer in USA: Scrap value -
100 blocks = $1000 per block.
1000 = $ a few hundred per block.
1 m = $ nominal cost of limestone rock.
Scrap Value of 5.75 million US tonnes at US Quarry = $20 per tonne + 8000 US tonnes of granite at $20 per tonne = $115,160,000.
Cost of Building Great Pyramid today:
Workforce = 10,000 skilled tradesman
Techniques = Ancient building methods
Period = 23 Years
Materials = As above
Total Build Cost = $7,741,000,000.
Cost using modern techniques:
Steel frame with lightweight corrugated steel shell = $23 million
58 m high (Great Pyramid 146 m)
105 m length (1/2 length of GP)
Period: 18 Months
Same size as Great Pyramid =
Cost = $116,000,000.
However, quality & longevity of materials much inferior. Steel pyramid would not last long in desert. Materials would last no more than 15 years in the Egyptian desert instead of 4500 years.
Investment Value
Revenue per annum =
Tourism Tickets $32.2 million per annum
Souvenir Sales $49 million per annum
World Heritage Donations $17.5 million per annum.
Costs to run = $6 million per year.
Approximate return = $94 million per annum
US Government AAA Bonds = $2.35 billion
Add 4% to generate $94 million return per annum. Make money back in 25 years and still own the period. Very nice.
Height: 146 Metres
Build: 23 Years
Legend: 100,000 Slaves were used.
Materials:
White Limestone (External) - 2.3 million blocks of limestone. Weight = 5.75 million US tonnes (1 US tonne = 0.91 Metric tonne).
Granite Blocks with no mortar (Internal Chambers). Weight = 8,000 US tonnes.
Scrap Value (Programme modern day estimate): Local sale value for 1 block of pyramid limestone = $150.
Antiquities dealer in USA: Scrap value -
100 blocks = $1000 per block.
1000 = $ a few hundred per block.
1 m = $ nominal cost of limestone rock.
Scrap Value of 5.75 million US tonnes at US Quarry = $20 per tonne + 8000 US tonnes of granite at $20 per tonne = $115,160,000.
Cost of Building Great Pyramid today:
Workforce = 10,000 skilled tradesman
Techniques = Ancient building methods
Period = 23 Years
Materials = As above
Total Build Cost = $7,741,000,000.
Cost using modern techniques:
Steel frame with lightweight corrugated steel shell = $23 million
58 m high (Great Pyramid 146 m)
105 m length (1/2 length of GP)
Period: 18 Months
Same size as Great Pyramid =
Cost = $116,000,000.
However, quality & longevity of materials much inferior. Steel pyramid would not last long in desert. Materials would last no more than 15 years in the Egyptian desert instead of 4500 years.
Investment Value
Revenue per annum =
Tourism Tickets $32.2 million per annum
Souvenir Sales $49 million per annum
World Heritage Donations $17.5 million per annum.
Costs to run = $6 million per year.
Approximate return = $94 million per annum
US Government AAA Bonds = $2.35 billion
Add 4% to generate $94 million return per annum. Make money back in 25 years and still own the period. Very nice.
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