I’ve been experimenting… Once the processing plant is in operation, I’ll be selling 100 ounce bars of Silver and Gold to the U.S. Treasury…
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I’ve been experimenting… Once the processing plant is in operation, I’ll be selling 100 ounce bars of Silver and Gold to the U.S. Treasury…
That’s a huge step, defintely exciting. For Treasury buys they’ll want 0.999 plus with assay certs, serialized bars, tight chain of custody, and vendor onboarding. If you’re melting scrap to bar, lock your SOP on sampling and melt loss, or thsi gets messy fast on the books. You going LBMA style or COMEX specs to keep the ADmin doors open? :)
I’m sure to find qualified people for the job… I figure 50 pounds of Ore should jumpstart the operation… I came up with 6 ounces of Gold to the pound… Hopefully 300 ounces of Gold will be a good start…
Love the ambition, but if your using 6 oz per pound of ore, that math is wild unrealistic.
For planning, I’d base it on a head grade from a small lab fire assay and add recovery loss, moisture, slag, and refiner fees, or 300 oz' on paper could shrink fast.
Also keep ore in avoirdupois and gold in troy, get a clean chain of custody, and have the ADmin books set to track expected vs actual yields.
Can you get one independent assay first and lock that into the cost sheet before scaling :)
At my age, all that wealth doesn’t mean as much as it once did…. I used to do my own fire assays… Wait until you see what I came up with after putting what was on the metal plate back in fresh vinegar…. I really wasn’t expecting all those little white specks adding up to form what I saw…