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Gold/Mining/Energy : ECHARTERS -- Ignore unavailable to you. Want to Upgrade?

To: Eric Tai who wrote (1124)	11/6/1997 12:51:00 AM
From: E. Charters	Read Replies (2) \| Respond to of 3744

I don't believe those spot prices. Nobody ever takes delivery. If you had to buy 500 ounces of tetraoxide for a process I will bet you have to go to Rustenberg and it will cost you 500,000 US. Rustenberg sells more platinum than anybody else and if you go to them the price is the price and that is for 1000 ounce orders. And it is $485.00 US for Pt now for ten years. # I cannot believe that such a valuable catlyst such as iridium, that is up to 50 time the activity of platinum and has only a 6,000 ounce production per year from Inco is worth only $270.00 per ounce. Why don't they quote Osmium which is produced in equal quantity? It is a strategic metal with some as yet unguessed use in missiles and warheads. Metal is metal and paper is paper.. if you have to buy it the case is a lot more difficult than if "they" wish to buy it off you. If you buy copper rivets the price is $50.00 per pound. If you wish to sell good scrap copper the price is 50 cents a pound. Buy me an ounce of Osmium Tetraoxide and tell me what you paid. And while you are at it get a price for rhenium and find out what it is used for. And gadolinium. I will tell you a secret. On of the reasons the Americans pushed the marginal Stillwater into production was for the .01 or less ounces per ton that they get of Osmium for which no one will quote a price or tell what they use it for. Except the oil industry who will admit they use it to crack unleaded gas as it does not poison. But they officially do not buy it. Its mixed 50 to one with the Pt catalysts they buy off whoever sells it. I am sure it used to be Rustenberg until 1984. EC<:-}