CC pilot plantIf Rancher got the goods from the Howard Group that the Catalytic Converter recycling pilot plant is of a modular style to process 2 tons per day, this is good news, in my opinion. The 10 tons/day per year forecast for processing indicates that 5 of these modules will be installed at the Davis facility.
The numbers of dollars revenue per plant seem to be very staggering.
One 2 ton/day plant
Webinar figures- 1500 grams of Platinum per ton of CC's
170 grams of Palladium per ton of CC's
Spot price of Platinum $1292.47 = $41.55 per gram ( 31.1 grams in an ounce)
Spot price of Palladium $ 2333.10 = $75.51 per gram( 31.1 grams in an ounce)
1 ton of Catalytic converters = Platinum 1500 grams x $ 41.55 = $ 62,325
Palladium. 170 grams x $ 75.51= $ 12,836
Total revenue per ton = $ 75,161 per ton /day
2 Ton per Day moduar plant $150,322 per day
If 5 modular plants are constructed revenue per day = $ 751,610
Now it all depends on the recovery rate, and the ample supply of feedstock, ( that Davis purchases)
but if you multiply the per day revenue by days of operation per year, you get a very large number.
The best part of constructing modular plants in my opinion is that once one is constructed and in operation, you have revenue and cash flow. Each one should run profitable, on their own. Forecasting also around 20 per cent margins, and obviously, a Mineworx- Davis partnership on profits.
Is this pie in the sky? Or can Mineworx execute? Time will tell. If my figures are wrong, or calculations missed, please do your own due diligence. glta