Scrap Metal Sponsorship???

I was at a auction scouting out possible purchases. Their was a lot of stuff there. I was bidding away and this guy is paying 2 to 3 times what I am paying for iron. I went and talked to him about it and he said his yard "Big Daddy Scrap" (In Chicago Heights) had him on a sponsorship. And they were paying him just under $500 a ton. How could their be any money made here. Not sure if the guy was just being a Jack Wagon or if he was actually getting 25 cents a pound for iron/shred/steel.



I want a sponsorship.

I wouldn't doubt it as alum. runs about .60 lb and copper runs from .60 up to 2.50 lb.