Biscuits Catylitic Converter Project

Originally Posted by alloy2

I recently had the opportunity to see a another fellows assay from an 8,000 lb lot of cats that he had shipped in for refining.

I **** near choked on my coffee, his numbers were much better than mine which got me thinking about the time I had an old Mack gravel truck working on very dusty construction site. My truck came equipped with an oil bath air filter, after two years working this site all the other trucks which used paper filter elements all needed engine overhauls.

Your probably thinking what the hell does an old Mack have to do with catylitic converters, we'll I'm going to let the cat out of the bag - so to speak.

I live in a rural area surrounded by reservations with the aid of my GPS go knocking on doors soliciting the purchase of cats from any derelicts collecting in the yard, fifty will buy you the whole vehicle while twenty buys you the cats.



What I have discovered by comparing assay results is that on the rural vehicles there is a certain amount of fine dust leaking past the paper filter element passing through the cat abrading the precious metals wash coat from the ceramic substrate. The city vehicles running on asphalt do not suffer this fate.

Here are the assay numbers from the city run vehicles.

Platinum 979 PPM = 28.61 troy ounces at today’s price $38,132.00
Palladium 2736 PPM = 79.97 Troy ounce at today's price $64,688.00
Rhodium 374 PPM = 10.93 troy ounces at today's price $14045.00

He shipped out 8000 lbs of milled catalyst based on his assay from four tons, at today's values would net him $467,460.00 and this guy is a small player.

Glad no one check the math on the dollar value quoted.

So our friend sold his catalytic material back on 2016 and brought home $116,865.00 had he sold it at today's spot he would have brought home $98,379.00

On paper it shows a loss of $18,486.00 to know the real loss we would have to factor in the loss to our dollar due to inflation.

Found it, that $116,865.00 back in 2016 you would need $122,699.31 to purchase the same amount of goods that our 2016 dollar would have purchased for us.

$116,865 in 2016

Now we add the difference between the 2016 and 2018 sale price we've lost $5839.31 add this to market loss $18,486.00 = $24325.31. Our $116,865.00 2016 honeypot has now shrunk to a measly $92,539.69

So had I purchased a house back in 2016 for $116,865.00 I've lost due to inflation now add the mortgage interest to that and I find that I' living the American Dream - the bankers dream that is.

Hopefully our cat buyer does not have to factor in percentages from borrowed money, If our buyer wants to stay in business he has to make a few adjustments to maintain the purchasing power of his dollar.

I'm glad that I revisited this old thread, gives me something to think about.