Are these terms reasonable.

[glondor]

I have been in contact with a refiner in my area. I was inquiring as to the terms whereby i keep all the p.m's in the boards and just pay for the service. Here is the reply. I will state I had to ask this same question 3 times in 3 emails to finally get this. The first 2 reply s were slanted towards just buying the boards outright. So what do you think of these terms?

Mike,

Our processing fee is $0.85 / pound with a minimum Lot charge of $850.00.

Return is 96% of recovery of gold only

Cyanide stripping does not recover any other metals.

Processing time is 6 to 8 weeks from receipt

Otherwise the purchase price on Mother boards is about $4.00 per pund.

Hope this helps

 

[nickvc]

To be fair the terms seem ok but and it's a big but if their only going to strip the surface gold you might as well cut the fingers and remove another obvious gold and either sell them on bay or recover the gold yourself and sell the rest of the boards to a secondary refiner as is and buy more boards or karat scrap.

 

[glondor]

Thanks Nick. The 6 to 8 weeks for payout seems long a long time to me. but it did not ring any bells with you so I am guessing it is somewhat normal. It would be hard to concentrate motherboards , as far as I can tell. I read somewhere there is between 8 and 10 oz per ton on good quality boards, ( I have not quite quantified good quality yet) so it would seem to be a better deal to refine and take the metal, not withstanding a major price shift during the 6 to 8 week processing period. Loosing the silver and plat group metals does not seem like a good deal tho. I cannot believe they (the refiner) would just dump these. Someone is getting the value for these somewhere. It is all about checks and balances I guess. I would also hazard to guess, once a refiner has my material, I would be at there mercy as to the real recovery rate. I would love to witness the processing, however i would not really know what I am looking at , yet. I am waiting for replies from other refiners in the area to compare. Should be interesting.

 

[samuel-a]

well... you need 1000 lb of mother boards at least to begin with...
I'd say that is pretty decent offer for dealing with tonnage considering the one ton of MB's can contain any where from 12-20 Oz 24K gold

Even at the lower part of the yield spectrum, after processing fee and -4% on gold, it's almost double then what you could get just for selling the MB's...
Edit: THAT'S ASSUMING THE REFINER IS HONEST WITH YOU

so i guess there's a reason why it took 3 emails to get an answer...
good luck

 

[silversaddle1]

well... you need 1000 lb of mother boards at least to begin with...
I'd say that is pretty decent offer for dealing with tonnage considering the one ton of MB's can contain any where from 12-20 Oz 24K gold

Even at the lower part of the yield spectrum, after processing fee and -4% on gold, it's almost double then what you could get just for selling the MB's...
Edit: THAT'S ASSUMING THE REFINER IS HONEST WITH YOU

so i guess there's a reason why it took 3 emails to get an answer...
good luck

Where does that number come from?

 

[Anonymous]

well... you need 1000 lb of mother boards at least to begin with...

Where does that number come from?

Our processing fee is $0.85 / pound with a minimum Lot charge of $850.00.

$.85 per lb minimum x 1000 lb's =$850 thats where.Any less than 1000lbs and Glondor is losing money.
Don't forget glondor this person is not paying you for silver,palladium,platinum or anything else even though I guarantee it will be recovered.
So to reiterate

ASSUMING THE REFINER IS HONEST WITH YOU

 

[samuel-a]

Where does that number come from?

Let's go with the numbers glondor presented here (although kinda high): 4$ per lb
that means 8816$ per ton

now, think about it, if you can double or triple your money selling MB to a refiner, you can be dead sure he is doing it also and then some...

 

[Anonymous]

now, think about it, if you can double or triple your money selling MB to a refiner, you can be dead sure he is doing it also and then some...

Not neccesarily.The yeild on mobo's is not that high,however if the refiner is making $1 a pound pure profit than he is still clearing $2000 a ton.At 5 tons a week thats $10K.And a ton of boards is not that difficult to come by or process if they are using Cyanide,which they said they were.So I doubt the refiner is doubling or tripling their money.

 

[samuel-a]

all i can say is... that no batch is the same...

those numbers might be very well suit high end mobos/telecom boards rather then our usual PC mother boards, i can't tell for sure and i think no one here can... unless they own a refinery and a little shay.... :wink:

I can get 2.5$ per lb MB's' and I'm positive that he is doubling his money.
i don't mind as long as i do to..

 

[silversaddle1]

$2.50 per pound, you better be shopping around, that's low.

$4.00 per pound X 2000 pounds, (net tons, not gross tons) adds up to $8000.00 per ton. You say 12-20 ounces of gold per ton? Let's take your low end number, 12 ounces per ton. 12 ounces X $1380.00 per ounce = $16,560.00 in gold per ton. That sounds way high to me, but I don't know. That's why I asked where you got the number from. Would it be safe to say then if you add all the other metals in with the gold that a ton of motherboards will gross $20,000.00? Wow for sure!

 

[samuel-a]

I did... that's about the best i could find...

you are right, i didn't say where i gut those numbers, basically, like the rest of you, articles and post around here also, i really can't point you out that exact one where the numbers are from but if you will search around on ggl you will see lot's of different opinions and information, I'm not saying I'm right, not at all, but i can't tell for sure that i'm wrong, neither do you.

 

[samuel-a]

let's skip it, just read this post
:mrgreen: