Originally Posted by
Torker Man
set yourself a % magin, sell for that or higher, avoid the politics I say.
Or process yourself, then try to find a "fair" buyer for your PGM's...
If I buy cats at $20 each now, qand can flick for $60 each next week...why wait 12 mths to hope to get a fair refiner to pay me $68 each??
(prices for example only)
Thank you for sharing your purchasing philosophy to the forum members, buy low an flip quick.
How would you handle a situation like this, a wrecking yard takes in cars, uses the excavator to rip out rads and cats, The procedure is very fast and economical but for obvious reasons the cat comb does not always survive the abuse. It is now loose comb.
In another situation the car has bottomed out on a speed bump in doing so damaged the catalyst inside the cat.
Here is yet another situation, in farm country you will find many muffler shops with pails of loose comb and bead. The shops will cut the cat open while it is still on the car then remove the contents then re weld the can shut, why.
Because the farmers burn marked fuel in their cars and the dye clogs up the converter. Never mind the legalities on this issue, this is the real world and it happens. I'm not here to discuss law nor be any mans keeper.
You say to set yourself a percentage, I'm going to ask on what basis have you arrived at you percentage. I'll show you mine if you show me yours.
Here;s mine, for the sake of argument lets say that there is at end of life 3 grams of precious metals in each converter, given that each cat averages 3 lbs that's 1 gram per pound of comb or bead recovered.
Using that math, 2000 lbs of cat guts at 1 gram would give me a return of $97,942 USD at todays spot price on platinum. Hope your following this, because I have low balled my estimate that 2000 pounds could average upwards of 3 grams per pound - WOW $300,000.00 sweet American dollars. Even if it's fiat I'll take it.
Dendritics Precious Metals Calculator
http://dendritics.com/scales/mck.asp...rOzt=&Markup=0
Whenever there is large sums of money involved there will always be some hooky poky smoke screen to obscure the truth from you.
Cats I purchase are brought to my shop, usually in bulk, opened up the contents weighed with a fraction deducted for moisture content before paying out. I have never graded a cat to be only partially full and do not charge for cutting.
Water weighs 9.9 lbs to the gallon.
Bookmarks