International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Ron Struthers who wrote (2699)	2/19/1997 3:53:00 PM
From: Bill Jackson	of 35569

Ron The largest uses of platinum are catalysts,(high degree of recycling, around 95%) all muffler shops recycle old catalytic converters, all scrap yards recycle them. The only ones lost fall out on the road. Chemical catalysts are also recycled. Jewellery is highly recycled. It has a high latency period(the time between when it is made and when it is recycled) but only a little is thrown away forever. The other use is electrical contacts. They are only about 60% recycled as they often end up as 1 contact in 1 machien and it does not make sense to reclaim it. Busang is projected variously as from 3M to 6M and to have 90M to 200M total reserves. A typical mine is mobilized on a 5 to 50 year lifetime, depending on the market for the goods mined. If you can sell all you make at full price, mine it in 5, IPM has ?? reserves. They will be mined over probably 20-40 years. If they have 400M ounces thats 10M/year. If you lookmup industrial use of platinum you will see how little is used with respect to gold, and how little it would take to impact the price. Believe me if the desert dirts ever get really into their platinum, it will drop bigtime in price.

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