Agreed. Small scale business is vanishing, not only from PGM industry. Naturally or forcefully.
I was just upset when I heard our 2% Rh in material wouldn´t be paid. Knowing that they will certainly be paid for it, when sell to bigger refiner who actually refine the mixture. Straight rip-off.
Per the bold print - I have to disagree (at least to a point)
As we know - when we start working with alloys that contain 2 or more metals we need to go through more steps/processes to get a separation of those metals
Therefore - the percentages of each of the metals needs to be high enough to cover the cost of separating each metal
Example - say someone sends me a 1 or 2 kilo batch of say gold filled &/or gold plated jewelry to process
In that 1 - 2 kilo batch there is likely to be "some" GF or GP
on silver (this is of course being processed for the gold)
So - in step 1 we put the GF/GP in nitric to dissolve the base metals (& "
maybe" some silver) in order to get our gold foils
Step 2 - wash all the nitric leach out of the foils so we can move to AR on the gold foils - the gold being what the clients is going to be paid out on (so that is a no brainer - the client gets there percentage - I - as the refiner get my percentage) --- in other words - the steps in the refining "for the gold" are all part of the percentage agreement between client/refiner - which includes step 1
However - in this case - step1 is/was part of the process of going for the gold & MOSTLY a step to remove base metals
It just happens - that in that step - you "may" (or not) end up dissolving "some" silver
If - in the event you dissolved "some" silver in step 1 - you now have to do additional steps to recover that silver
Let say (for the sake of putting it in perspective) that in this batch we dissolved 1ozt silver
The "additional" steps I need to go through to recover that 1 ozt silver (keeping in mind that this needs to be done on "the batch" if you are going to "account" for it)------------
Step 1 - cement the silver from the nitric leach (in which I am using up some of my "personal" copper as will as the time for this step)
Step 2 - washing the chem out of silver cement - more time
step 3 - dry the cement - more time plus electric to run the hot plate
Step 4 - melt the dried cement - more time & torch gas
Bare minimum time to get this done = 4 hours (likely ALL DAY - though you can do other things between steps)
Current price for silver at $25.91 (call it $26) divided by (at best) 4 hours = $6/hour (let alone my copper, electric, gas, etc.) --- & then expect to pay the client a percent back on that silver ????
Lets just say the client has this expectation that he should get 80% silver back
$26 X .2 (my supposed %) = $5.20 divided by 4 hours (at best) = $1.30 (call it $1 after copper, electric, gas, etc.)
Sorry - but I don't work for a dollar per hour (in order to account for the silver "in this case") --- If I did - I would loose most if not all my "profit" made on accounting to client for the gold in this batch & would SOON be out of business
Something that stuck in my head when I read Hokes book - she said - "the silver - if worth while"
Sorry - but - in the above case - I am not ripping the client off by not paying him on the silver - the fact of the matter is - recovering that silver isn't even paying me - let alone paying the client
At best - that silver is only "helping" to covering "overhead" I have to be set up for refining in the first place --- so that I can pay out a fair price on the "target" metal
Something that stuck in my head when I read Hokes book - she said - "the silver - IF worth while" !!!
The above holds true when dealing with dore metal that has predominant metal(s) but also has LOW percentage of other metal(s)
For what it's worth
Kurt