New Generation Consumer Group Inc (NGCG)

[I-Glow]

Thanks for the Blueoak link.

"BlueOak Resources, a startup company backed by some of the biggest names in U.S. venture capital has raised $35 million in project financing to mine precious metals in Arkansas.

BlueOak won’t be strip-mining, open-pit mining, or moving mountains to get at precious metals. Instead the company intends to build mini-refineries that will extract the wealth of gold, silver, copper, and rare earth minerals buried deep in the bowels of the closets, drawers, and bags where the detritus that collects with each new release of the modern world’s latest and greatest gizmos and gadgetry amasses."

"The United States produces more e-waste annually than any other country. The amount of electronics that Americans throw away every year? 9.4 million tons.

Recycling one million laptops saves the energy equivalent to the electricity used by 3,657 U.S. homes in a year, according to the EPA.

For every one million cell phones that are recycled, the EPA states that 35,274 lbs of copper, 772 lbs of silver, 75 lbs of gold, and 33 lbs of palladium can be recovered. For those not familiar with palladium, palladium is a precious metal using for making electrical contacts, as well as surgical instruments and parts for watches.

Only 12.5% of e-waste is recycled, according to the EPA.

Based on e-waste disposal rates, Americans throw out phones containing over $60 million in gold and/or silver every year.

Recycling circuit boards can be more valuable than mining for ore! One ton of circuit boards is estimated to contain 40-800 times more gold than one metric ton of ore. There is 30-40 times more copper in a ton of circuit boards that can be mined from one metric ton of ore."

IG