Regardless, you are on the right track. There is no tailings pile on earth that is capable of having the amounts of pm's as this company so fraudulently states.
In fact, the original ore, if it were from a surface mine, and processed via heap leaching, could have been profitable if it were at a grade as low as .02 opt Au.
Or, if it were an underground mine, much more expensive to operate, maybe profitable at levels of .25 opt or so.
And no operation, however inefficient, would have left behind much valuable product.
Next, if there really were some new fangled chemical procedure for obtaining minerals left behind, it makes sense that the majors would be utilyzing it....not some podunk unreporting stinkie pinkie.
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