Refiner proposal

I got the proposal from Metallix. Are we allowed to post that type of info on this forum?



Thanks.

I dont see why not. Its your info do what you like with it.

Sounds good to me.

OK,

They pay half of shipping.
$1/lb charge, between 3%-%5 of PM value and $5/ounce of PM.
minimum of 2000lb.

60-90 day turn around

you get money, not your PM, based on that day's closing price.

I probably will not move forward with this deal, this time. I have the 2000lb but that represents a couple of months work for me and I am too afraid to risk it. I need the money now for a new trailer etc.

if I ever hit the motherload, I will give it a try though.

Originally Posted by Reelman65

OK,

They pay half of shipping.
$1/lb charge, between 3%-%5 of PM value and $5/ounce of PM.
minimum of 2000lb.

60-90 day turn around

you get money, not your PM, based on that day's closing price.

I probably will not move forward with this deal, this time. I have the 2000lb but that represents a couple of months work for me and I am too afraid to risk it. I need the money now for a new trailer etc.

if I ever hit the motherload, I will give it a try though.

turn around is way too long. 30 to 45 days even on a small lot. 15 to 30 days on large lots. what metals do they pay on. does it include copper. what are they paying for copper. will they let you pool your metal? and will they let you pool individually and sell selectively. some of the processors will advance a percentage based on assumed recovery. be careful if you do that.

the real question is what are their average returns for known material. should be quoted as weight returned vs weight received, NOT as a price per lb. and it should be quoted in troy weights and not avoirdupois. including copper.

Originally Posted by rbrooks715

turn around is way too long. 30 to 45 days even on a small lot. 15 to 30 days on large lots. what metals do they pay on. does it include copper. what are they paying for copper. will they let you pool your metal? and will they let you pool individually and sell selectively. some of the processors will advance a percentage based on assumed recovery. be careful if you do that.

the real question is what are their average returns for known material. should be quoted as weight returned vs weight received, NOT as a price per lb. and it should be quoted in troy weights and not avoirdupois. including copper.

Yes they pay for CU.
I don't know what "pool" means
you are absolutely correct about avg returns. that is the real question. If I ever proceed I will let everyone know how it turns out. but I will be selling through normal channels this go around though.

Wow they want %5 of the value of the PM plus %5 an ounce? That seems odd to me but I never dealt with a refinery. Also the $1 a pound charge is to cover the half of the shipping.

Just to double check I have read that right:

If you send 2000 lb of product you they charge you:

Half of shipping costs, plus
$2000 @ $1/lb, plus
3%-5% of any precious metal recovered, plus
$5 for every ounce of precious metal recovered

They then work out the value of the precious metals on the day your account is settled, deduct the above and pay you out the balance. This will take 60-90 days.

Is that the right way to read the above?

$5/ounce for gold, .$60 for silver etc.
I believe everything else is as you stated it.

Originally Posted by wayne

Just to double check I have read that right:

If you send 2000 lb of product you they charge you:

Half of shipping costs, plus
$2000 @ $1/lb, plus
3%-5% of any precious metal recovered, plus
$5 for every ounce of precious metal recovered

They then work out the value of the precious metals on the day your account is settled, deduct the above and pay you out the balance. This will take 60-90 days.

Is that the right way to read the above?

I think it is Crazy.
But like their site says "You Are In Charge".
Remind's me of "They Wanted My Business".

Sounds like the short end of the stick to me.

My question is how much PM would you expect to get back from 2000 LBS of motherboards. Thats the only way you can figure out if your getting a good deal or not. DO they want the 2grand to prcoess the boards up front or do they take it out of final cost?

Originally Posted by PartTimeScrapper

My question is how much PM would you expect to get back from 2000 LBS of motherboards. Thats the only way you can figure out if your getting a good deal or not. DO they want the 2grand to prcoess the boards up front or do they take it out of final cost?

they take every thing out after processing. They will also return your materials if testing is not to your liking. What are you gonna do with 2000lb of ground up PCBs though?

Pool means they let you put your metal on there books as a volume and you can cash it out any day you want. So if you send in the boards today and 60 days from now they get it done and the gold market crashed 200 bucks you can have them pool it and you can wait for the market to come back up before you have them cash you out.

Originally Posted by Reelman65

they take every thing out after processing. They will also return your materials if testing is not to your liking. What are you gonna do with 2000lb of ground up PCBs though?

you won't get back 2000 lbs of ground up material. depending on when you ask for return, you will get back less weight or a copper dore bar if you wait till after processing is complete. mechanical separation starts immediately. and that material is not kept separate by lot.

Originally Posted by rbrooks715

you won't get back 2000 lbs of ground up material. depending on when you ask for return, you will get back less weight or a copper dore bar if you wait till after processing is complete. mechanical separation starts immediately. and that material is not kept separate by lot.

they said you would get everything back including materials used for testing.

I would rather have the metals. <<

a processor does not refine. you could get back a copper dore bar. which you would have to have refined. same thing the processor does. the processor sends that dore bar to a smelter/refiner after they pay you. a few of the larger processors offer hall marked bars or a variety of bullion coins. but the exchange rate is the same or worse than if you just went out and bought on the open market.

Originally Posted by Reelman65

they said you would get everything back including materials used for testing.

impossible. the goal of processing is to remove as much of the non precious metal material as possible. a 2000 lb lot is going to return a dore bar that weighs an average of 250 to 300 lbs. the remainder of that weight has be removed thru a variety of mechanical, thermal and chemical process'. that removed material is gathered at a central locations. meaning that the removed material from your lot is mixed in with all of the removed material from other lots. which is the real concern. the efficiency of the process and if any precious metal is being lost, removed, with the waste material.

if you determine that the recovered value reported is too low, it is already to late. it will not matter if the loss is unintentional or intentional. you are not going to get it back and you have no effective recourse other than to change processors.

knowledge is the key to dealing with processors. if you understand how the process works and can communicate that to the processor, you will reduce possible loss'. there is nothing you can do about the crooks in the business.

If I ever get a whal to get even close to having enuff motherboards to send to a outfit like this I would love to do it. I dont do this for a living but I ure would like to know the results.

selective pooling means you can sell your metal in part or whole and can determine which metals to sell. so if you had 10 oz of gold and 100 oz of silver, you could sell any part of either metal. instead of having to sell all of your metals at the same time.