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Gold/Mining/Energy : Pacific Rim Mining V.PFG

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To: Richnorth who wrote (8161)12/13/1997 9:10:00 PM
From: Bill Jackson  Read Replies (1) of 14627
 
Richnorth, Small amounts of non certified silver are hard to sell, except to a small jewellery maker. If he has one large mass, and he melted it and poured it so he could assay it, he might be able to add allowing materials to make Sterling silver(close enough).
If he sell it to J-M or H-H he does not have enough to meet their minimums. 80 ounces pure is worth $650 or so Canadian, if he alloys it to sterling he will be able to sell it to a local jeweller for close to the sterling price.(I mean a jeweller who uses the lost wax casting process to make solid silver jewellery.
If he went to one of those scrap gold/silver dealers he would be offered $2 per ounce, if that.

Why did he do this?, did he think he would get a lot more?. I suspect he used school materials, because if you buy acids etc and do it that way the costs can exceed the values easily.

Bill
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