SITS is a proposed Island owned non-profit water transit service.
Consisting of 2 barges and 2 small ferries, it would cater to the tourist and Island resident needs, making a multi million dollar profit yearly, which would be redistributed to Contributors and Island needs.
Very rough calculations are:
2 x 800,000 + 2 x 120,000 = 1840000 (1.84 million.)
Round that up to 2,000,000.
4,000 shares at $500 would take care of the initial investment.
More on this example barge :
CUSTOM LANDING CRAFT CUSTOM LANDING CRAFT Price AU $800,000 excluding Duty/GST Length112′ 10″ – 34.38mVessel Location Darwin Year1984Hull Material SteelCUSTOM LANDING CRAFT Vessel Location Darwin Year1984Description: Custom LANDING CRAFT Member of Marine Brokers Institute of WASHOREBARGE 34.38M. USL CLASS 2B. CAPACITY TO CARRY JET FUEL, SUPPLIES ETC. WELL SERVICED AND MAINTAINED VESSELRegionNorthern TerritoryVessel LocationDarwinReferenceV288Year1984Length112′ 10″ – 34.38mHull MaterialSteelEngineEngine: 2 X MERCEDES 403 V10,183KW @ 18. Engine room: ALL ALTERNATORS 50HZ 240/415 VOLTS DEAD WEIGHT 135 TONNES FUEL CONSUMPTION: MAIN 69 LTRS PER HR EACH AUX 16 LTRS PER HR EACH SPEED 9 KNOTS GEARBOXES 1 X TWIN DISC MG5111, RATIO 3.095 1 X TWIN DISC MG5114, RATIO 3.000
Here is an example of what you get for $120,000 in ferries:
Price $119,000*AUD Sail Away No More To Pay
Hull Year 1964
Usage Commercial, Charter, Cruising, Leisure