Iceweb Spider Silk

So, today I noticed that there was a Big inflation of Iceweb Spider Silk on my server[Smolderthorn]. As i need the mats for my proffesions, as do many other people, I decided to A) not pay for my silk anymore and B) get in on this gravey train.

I did a little research and found out lvl 76 spiders in Zul'Durak drop the silk, located around (38, 55). So i headed there. I farmed for half an hour, because all the math is easy if i just multiply my results by 2. These are my findings:

30 mins. = 30 Iceweb Spider Silk, 20g in greys, 3 greens.

30 Iceweb x 12g at the AH = 360g.

i DE'd the greens and got 22 Infinite Dust, 3 Greater Cosmic Essence, 4 lesser Cosmic

At the AH the enchanting mats got me:

3 Greater x 14g = 42g
4 Lesser x 6.95g = 27.8
20 Infinte Dust = 50g/stack

So.......
Total Profit = 474.8g ( AFTER 5% AH CUT)

474.8g x 2 = 949.6 gold per hour.

As i've noticed, the supply for the silk is not as great as, lets say frostweave. BUT they do yield a large margin of profit, so if you spread the items evenly throughout a week in the AH. So you can view it as an hour's worth of your time every week = 950g a week.

**sidenote*** done as an enhance shaman, grey profit amount calculated AFTER repairs