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Re: What to prospect, what ore to sell...
Unless you're a jewelcrafter, sell all of your ore. Look on the AH to see what nets more gold - ore or bars - and then sell that.
Once you can mine Adamantite, however, sell the ore. You'll get between 25 ~ 30 g per stack, depending upon when you list it. Use that money to buy the gems you want.
The drop rate on the rare gems is not high enough to warrant prospecting all of your ore, and many JCs will not prospect your adamantite without a hefty tip because it cuts into their profits (I scan the AH twice daily and buy ALL of the rare gems listed that I can cut and relist for 10g higher because it's seldom that anybody ever gives me a 10g tip for cutting their gem. BoE world drops can be expensive).
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