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Gold/Mining/Energy : Silver prices
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To: goldsheet who wrote (4459)1/14/2002 8:54:33 AM
From: marynell  Read Replies (1) of 8010
 
To Bob Johnson about scrap:

Certainly there is a huge "resource" available for the scrap companies, but how do they have leverage to the price of the metal? Unlike a mine, a scrap company must pay the current market price, minus some small percentage, for the metal. The miner's cost do not fluctuate with the metal.

Can you explain what you mean?

Thanks,
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