fenwickquallim,
Quote:
Is Prospecting a money maker?
In itself, no. Its a gamble. The goal of prospecting is to obtain gems of value to be used in JC. I'm not a very high level JC yet, (301) however, I can in all confidence that from my experience crafters will do their best to farm their own materials.
The biggest deterent from using prospecting as a money maker is the sheer randomly created drops you'll have from the ore. Its not worth it. The basic ideam you have is sound. You want to take goods from the AH, and make something better from it.
Since you've got some JC talent, try cutting gems and selling them. You can pick up some really low cost 300 skill level JC gems, cut them and sell them for a couple of gold a piece. I've already seen how noble gems can be cut and sold from twice what they are worth (if you're on Crushridge server).
I hope this helped.