If you don’t know about MineworX, then you need to familiarize yourself more with the relationship between the two companies and the Vancouver plant. If you are hoping for someone to talk you in to buying this then you don’t need to buy it.
As for smelters only charging x amount per pound. It’s expensive to ship 20 tons of circuit boards to them. Then on top of that you will get 500g/tonne from high quality PCBs that you have to remove all the extra components from first. At $1500/oz gold price that means there is about $500k worth in 20 tonnes. (1 ounce = about 28 grams) So for a 20 tonne shipment you might break even on only the highest grade stuff. I can keep going, but you seem to be oversimplifying the process a company has to through to get the material ready and then get it to a smelter.
E-waste is getting attention from the woke crowd and it won’t be long until some big company starts seriously marketing that they have a recycling program. Burning plastic in a smelter won’t appease the greenies.
It’s only a matter of time before cyanide is no longer used.
They talk about all of this in their financials and financial summaries. Do your own due diligence. The fact that you know very little about MineworX tells me you are just starting to look into this.
Don’t rely on anything I say. Either the narrative they are building is something you buy or it’s not.
This must be your first start up company investment. They have to invent, engineer and build the plant so it is unrealistic for you to think the overhead should just be nothing until the plant is producing, or for you to think you have any idea how much overhead should be applied to do it considering the closest you have been to the plant is reading some news releases.
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