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Re: jufel post# 16103

Friday, 08/28/2009 11:08:27 PM

Friday, August 28, 2009 11:08:27 PM

Post# of 162926
Oh , and in reference to full , or discount price. Native gold is rarely over 17 carat. So they get a percentage of spot which is the price of 24 carat gold. IE: I was getting 80% spot for my small gold. But I got 200%-400% for nuggets because of the jewelery and colectability of "specimin " gold. But we're a mining venture , so look for the company to do a PR about a lab to refine our production to 24 carat to be sold as such. This is a great indicator of a real gold mining company. I can refine mine to 23 carat and sell it to investors as such by simply melting it , and slowly dribbeling the molten gold/amalgomate into a bucket of cold water. The gold solidifies at a given temp., the silver solidifies at another temp , and the other metals follow suit. All that is needed to do after this is seperate the different meatls in a gravity jig , or shaker table. Then smelt then into ingots.MT
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