Mexus Gold US (MXSG)

[T-Hawk]

I understand what you're saying about the weight of the filters etc. Where my knowledge falls short is once you pull the contents out of the filter.
For example, let's say the assays came back 100 grams of gold and 200 grams of silver, the refiner is paying 90% spot price of those amounts.

However, what gets stripped out of the carbon filters isn't at a purity level or form that can be sold in the market. It has to be refined into the .999 purity.

In order to get the initial 100 grams gold and 200 grams silver to .999 purity, there would be a loss of weight (theoretically the loss of the impurities in the assayed gold/silver).

So instead of having 100 grams of gold and 200 grams of silver, the refiner is left with (wild guess here) 80 grams of .999 silver and 160 grams of .999 silver.

It is my presumption, the refiner would then true up the 97%/95% based on that final weight.

Additionally, the refiner is working off of a 3% margin for gold and 5% margin for silver. I don't know what the typical charge/margin is for gold/silver refinement, but those margins seem low to me. Fpr perspective, coin shops charge a higher mark-up than that and all they do is resell a finished product.