Originally posted by homefire
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Each country has it's own laws and interests about gold.
In some countries, like Brazil, the gold digging is legal and there are rules.
In some countries the whole gold digging aspect is totally forbidden.
So I would say, to look at it in a business like manner, first we should make a list of countries where the legal situation is such that a market for nugget detectors could exist.
Then we could divide this list of countries into similar categories. The categories represent somewhat similar conditions and needs of the gold diggers that must be met to make the acquisition of a detector interesting.
For example, a nugget detector designed for the steamy jungle where torrential rain downpours is a near daily occurrence, might not be the best design for the desert where ever present dust and 50 degree Celsius temperature is common.
Once we have established some categories, we can look at numbers. How many gold diggers are there for each category? Would 100,000 gold diggers buy 10,000 metal detectors if the detectors were adapted to their needs?
The good thing about all this, is that we know that enough gold exists to pay for the detectors.
The challenge is to produce a product, tailored for the specific market.
Tinkerer
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