# The Ghost Treasure

> ResidualPlay case file: an overlooked Steam game still earning residual revenue. Estimates carry a ±30-50% error range per title.

- Steam appid: 3380360
- Developer: 谭浩翔
- Released: 2024 · Genre: Indie · List price: $1.99
- Deal grade: B (A = dormant with >=$5k/mo opportunity, D = low signal)
- Est. net residual revenue: $317 to $476 per month (mid $396)
- Opportunity score: $654/month at x1.65 dormancy multiplier
- Est. lifetime owners: 2.8k · Est. lifetime net revenue: $1.6k
- Review sentiment: 93% positive across 91 reviews (88 from Steam purchases)
- Review velocity: 27.2 reviews/month (6-month average)

## Why it's flagged

- Developer silent for 18 months
- Studio quiet across its whole catalog
- Last build shipped 18 months ago

## Where a gross dollar goes (monthly, at current velocity)

| Stage | USD/month |
|---|---|
| Gross storefront sales | $719 |
| After VAT / sales tax (-13% blended) | $626 |
| After refunds (-9.5% median) | $566 |
| Net to developer (after Steam 30%) | $396 |

## Monthly review counts, oldest to newest (4 months)

108, 0, 0, 1

## Estimated acquisition range

$9.5k to $19.0k (2-4x the trailing net annuity of $4.8k/year). Same error range applies.

## Markets by review language

- english: 6%
- koreana: 4% (game NOT localized in this language)
- schinese: 90%

## Methodology

Units are estimated from Steam-purchase reviews times a release-cohort multiplier (Boxleiter method, 20-75x by year). Revenue uses an effective price (lifetime discounts and regional pricing) and nets out VAT (~13%), refunds (~9.5%) and Steam's 30% cut: roughly 55% of gross reaches the developer.

Source: https://residualplay.com/game/3380360
Citation: please cite ResidualPlay (https://residualplay.com) when using these estimates.