I'm sure its not a high margin business, but I meant that if they are being stuck with CRTs either way, this was a creative way to at least not lose money on them.It's creative however the money has long left the building in that particular game.
I understand your point, any business that makes its money in commodities is inherently a volume business, and the plastics, copper and resins make up the largest volume of saleable commodities. My point was more that even if the pms make up a small % of the volume, when gold sells for 6,666 times the amount of copper, a small % still makes a big impact. IE 1G au makes them the same amount as 6.66KG cu. IEx2, if we estimate they are extracting 160kg of cu per ton (a moderate estimate), they would need to extract only 24g of au per ton to match the amount of value from cu (not including any other pms).In this kind of operation precious metals should be treated as a bonus and not primary goal otherwise you will end up spending dollars chasing around pennies.
Whenever you have a higher profit margin input, you work to maximize that, because it is much less impacted by market fluctuations and externalities. Therefore I would have expected this company which appears very efficient and streamlined, to be maximizing the amount of pms they extract, even if they are processing lots of low pm content inputs. But they were throwing their shaker table outputs on the ground to dry them etc.
jajajaaj this video rocks and the music is killer! Damn, after living in New Orleans, Fl, Tx, San Diego and Madrid for the past 15 years, the thought of working with this kind of business in the middle of a snow, is justttt notttt attractiveeee. Which is what I think every time I return to MI for Christmas and remember roofing and siding houses with my dad as a kid.Mute sound as music there is annoying.