ericrm said:
Alex do you know what kind of processing fee they charge?
What was discussed for the lot I wanted to process was the following;
95% of the final Ag content paid at 99% of LBMA
96% of the final Au content paid at 99% of LBMA (minimum 5 gr commission per metric ton)
92% of the final Pd content paid at 99% of LPPM minus 3 USD / troz (minimum 15 gr commission per metric ton)
They keep 3 units of copper per metric ton, i.e. 30 lbs per mt
+ all the charges for shredding (I don't remember but it was not something you want them to do, I was planning doing my own shredding),
penalties for excess steel, not sure about the excess nickel penalties
+ your transport
as an interesting side note, no penalties for beryllium (If my memory serves me right, Aurubis & Umicore would only tolerate 0.04% of beryllium and would charge a penalty of 5 USD per 0.001% above limit)
assay charge on top was 750$
of course your lot could also be refused at the facility if it contains batteries, excess aluminium or too much steel / plastic or if the packaging is not how they want it...
We discussed briefly about the minimal quality of the material and I believe you can get huge penalties if your material assays lower than expected, <100 ppm
one should avoid off specs / low grade material if planning to go with them
Alex