Precious scrap metal, the crowd does it
According to a new study, the amount of e-waste has increased about three times faster than the world population over the past five years
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Some 53.6 million tonnes have accumulated in the form of old mobile phones, laptops, televisions and other devices. They contain small pieces of gold, silver, rare earths and other valuable raw materials. According to the study, the global value of these materials is estimated at 57 billion US dollars. Only a small part is recycled.
Most of it is deposited in landfills in third world countries. One ton of laptops contains about 44 grams of gold. A high-grade gold mine, however, contains eight to ten grams. It makes you think. But unfortunately, it costs too much money to "mine" these electronic scrap heaps and they are scattered all over the world.
More profitable is already the gold mining by the mining companies. And the higher the gold price rises, the more the companies that extract the precious metal from the ground earn. Simply calculated, if it costs $1,000 to produce one ounce and gold costs $1,200, that would be a profit of $200. If the ounce cost $1,400, then the profit would have increased by 100 percent.
The exploding money supply and the enormous debt, everything speaks for even higher gold prices. So, it's time to look at gold company investments. Here Bluestone Resources or Karora Resources are appealing.
Bluestone Resources is currently completing a highly successful drill program on its Cerro Blanco gold property in Guatemala (up to 97 grams of gold per tonne of rock). An estimated 146,000 ounces are expected to be produced annually at a low total cost of $579 per ounce.
Karora Resources is already producing in Western Australia at its Beta Hunt and Higginsville gold mines. A further gold project and an interest in a nickel-cobalt project complete the portfolio.
Recent corporate information and press releases from Karora Resources (https://www.resource-capital.ch/en/companies/karora-resources-inc/) and Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc/).
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