Global Platinum & Gold (GPGI) Message Board

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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

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To: Richard Mazzarella who wrote (6706)	7/15/1998 8:34:00 AM
From: Zeev Hed	Read Replies (3) of 14226

Richard, I am not sure it is too high. Refiner take 20% of the top for the platinum group, even when you supply them with platinum crucibles and Platinum/Rhodium alloys for recycling. For a much more complex raw material their taking even more would be realistic, so, $200 being 20% of the value of the goodies per ton makes a lot of sense. It should go down if the raw material becomes homogeneous from day to day and the supply line consists of hundreds of ounces daily (maybe at a capacity of 100 tons per day?). By the way, is Sabin a public company? If yes they might become an interesting speculation as well. Zeev

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