Start a Gold Refining Company

THANK YOU FOR VERY INTERESTING LINK!

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http://www.thunting.com/smf/index.php/topic,1323.msg11013.html#msg11013

The other thing to think about it having enough scrap to justify the price paid for it. There's all kinds of gold and silver scrap on ebay but I think most people have been bitten by the gold bug and are seriously overbidding on those  lots.

Steve

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http://www.thunting.com/smf/index.php/topic,1323.msg11114.html#msg11114

Goldfinger, you make some EXCELLENT points.

This is a topic dear to my heart since I AM a small footprint gold, platinum, palladium, silver-- and sometimes copper--refiner.

There are several comments I'd like to make re: the Shor system spoken to at the top of the thread.  Some future ones will not be complimentary, but I'll try to warn before I get on my soapbox about those.

Let's start with some facts...in fact, ONE fact.

You spoke to cost vs results factor.  You are 1000% correct.  The refining principle illustrated by the Shor system is the electrolysis or as metallurgist call it, electrowinning principle.

It was thoroughly explored and basically discarded by the metallurgical pros back in the 1950s for one simple reason...cost.

To this day, the ONLY people able to cost effectively use electrowinning cells aka "XANDRA cell" technologies are those industries able to pass along the increased costs.  Of the two industries that immediately come to mind, the Royal Canadian Mint and their 4-9s coin minting maple leaf bullion coin is probably the most easily identifiable industry. There are other mints on the planet using Xandra cell technology, of course.  Austria, China, Islamic, and Australian mints come to mind as other examples.

The second industry is a touch more esoteric, that being the medicinal products industry.  Such ultra pure gold as can be obtained by wet solvent technology followed by the usage of the Xandra cell are used in arthritic, prostate cancer, and other pallative therapeutic endeavors.

As I return to this topic, I'll be sharing some fabulous stills captured from film footage taken at the Royal Canadian Mint in their Xandra cell/electro-winning section.  It's is absolutely stunning to see the titanium plates shed their crumbly gold into enormous hoppers prior to melting into the ultra-pure ingots/bars such as I'll be posting later.

I've been fortunate to be successful at ECONOMICALLY locating, liberating, and refining small quantities of gold (10 ounces and under for example), consistently, and doing so at UNDER $20 per troy ounce cost TOTAL... using small footprint protocols I've developed.  And there isn't a Xandra cell in sight. 

Yes, many are overpaying on eBay for gold scrap, no doubt about it.   And one will most assuredly overpay for their gold if they get involved with the Shor "round version" of the 1950's Xandra cell.  The cost of their "support chemicals" alone will put one waaaAAAAAAAaaaay over economical rates of return for initial investment, delaying even more any hope of recouping initial investment in THEIR system.

Megan Rose











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http://www.thunting.com/smf/index.php/topic,1323.msg11292.html#msg11292

Good link.  Thanks.

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http://www.thunting.com/smf/index.php/topic,1323.msg11344.html#msg11344

Stringfrenzy

Favorite quote of the day:
'I've been fortunate to be successful at ECONOMICALLY locating, liberating, and refining small quantities of gold (10 ounces and under for example), consistently, and doing so at UNDER $20 per troy ounce cost TOTAL... using small footprint protocols I've developed.  And there isn't a Xandra cell in sight.'
 

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