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tinstar · 30 January 2010, 03:20 PM

I was watching a show on Nat. Geo. and they were talking about a couple of mining rigs that are HUGE!

They also talked a little about the mine itself. The usual blah, blah.

The one fact they mentioned was amazing.

For every 9,000 TONS of rock, they get 1 OUNCE of Platinum!!!

No wonder it cost so much!

JUSTROLEXES · 30 January 2010, 03:23 PM

Humm

are you sure???

tinstar · 30 January 2010, 03:32 PM

That's what the narrator on the program said.

He also said because of that, Platinum is the most expensive metal on the planet.

His words.......not mine.

.........and yes, my hearing is fine.

ParisDakarBmw · 30 January 2010, 03:40 PM

Check KITCO out for precious metal rates, and historical charts. Platinum, and Rhodium are used in Jewelry, and Catalitic converters. Many governments, like Russia, ration the sale of these metals, while stockpiling. As the slowed economy set in the governments choked down on the export. This and other commodities react directly with the currency. As the dollar goes down in value, it takes more dollars to purchase the same ounce of metal.

Rhodium was worth almost $10,000 an ounce 2 years ago after a steady climb. It dropped off the cliff when the market slowed. This hit bottom at about $1,100 an ounce. It currently sits at about $2,350 an ounce. As the econemy picks up, look for the upward trend again. My dad has a lump of Rhodium purchased at $1,350 an ounce. Good thing to look at for a 5 year investment***.

The tons of dirt are actually not that much. The soil contains large deposits of heavy metal base. After about 2 pickup truck loads worth, It's put in a giant drum that seperates everything by weight. The heavy stuff is removed and then refined.

On kitco you can see what mining companies report for new mine shaft test. Some are high per ton, others are high in silver. If you want to see something rare check out Tanzanite. There is only one mine in the world in Tanzania. 4 mine shafts were drilled. 2 flooded, the third is almost empty, and the fourth is pumping out the nicest stones. Those are called "block D". Now that crap is expensive!

WatchTimes · 30 January 2010, 03:44 PM

Yup that sounds about right from what I have heard....

All the more reason to lust after a Platinum DD with the Ice
Blue Dial and Romans

The sexiest Plat DD in my mind hands down!

dalip · 30 January 2010, 05:17 PM

or appreciate this beauty even more...Rolex stuffed her with platinum!!

Renoir · 31 January 2010, 12:17 AM

This too (not stuffed, but milled):

snowbird · 31 January 2010, 12:47 AM

It's a very involved process at gold mines today too to separate the gold from the rock it's buried in, most of the gold just laying around in nuggets has already been found . . .

30 January 2010, 03:20 PM	#1
tinstar "TRF" Member Join Date: Jul 2008 Location: Southwest Posts: 270	Platinum mine in S. Africa I was watching a show on Nat. Geo. and they were talking about a couple of mining rigs that are HUGE! They also talked a little about the mine itself. The usual blah, blah. The one fact they mentioned was amazing. For every 9,000 *TONS* of rock, they get 1 *OUNCE* of Platinum!!! No wonder it cost so much! __________________ 1991 GMT-II Coke 2007 Exp II White 2007 GMT-IIc 2008 Sub Date 2008 Seadweller 2ea. 2008 GMT-II 3186 Coke (late "M")

30 January 2010, 03:23 PM	#2
JUSTROLEXES ⭐⭐⭐⭐⭐ 2025 Titanium Yacht-Master Sponsor & Boutique Seller Join Date: Jul 2009 Real Name: Tony Geha Location: San Diego, CA Watch: Yacht-Master Posts: 51,678	Humm are you sure??? __________________ Instagram @JustRolexes 2FA security active

30 January 2010, 03:32 PM	#3
tinstar "TRF" Member Join Date: Jul 2008 Location: Southwest Posts: 270	That's what the narrator on the program said. He also said because of that, Platinum is the most expensive metal on the planet. His words.......not mine. .........and yes, my hearing is fine. __________________ 1991 GMT-II Coke 2007 Exp II White 2007 GMT-IIc 2008 Sub Date 2008 Seadweller 2ea. 2008 GMT-II 3186 Coke (late "M")

30 January 2010, 03:44 PM	#5
WatchTimes 2025 TitaniumYM Pledge Member Join Date: Jun 2008 Real Name: JYogi/Jeremy Location: Metro Detroit USA Watch: It's a Rolex! Posts: 6,036	Yup that sounds about right from what I have heard.... All the more reason to lust after a Platinum DD with the Ice Blue Dial and Romans The sexiest Plat DD in my mind hands down! __________________ "You won't rise to the occasion - you'll default to your level of training." Barrett Tillman Kentucky Colonel, Tennessee Squire & Combat Leprechaun

30 January 2010, 05:17 PM	#6
dalip "TRF" Member Join Date: Sep 2009 Real Name: Dalip Location: Mumbai and Perth Watch: Rolex PAM Omega Posts: 18,656	or appreciate this beauty even more...Rolex stuffed her with platinum!! __________________ ------------------------------------------------------------ *"The liar's punishment is not in the least that he is not believed, but that he cannot believe anyone else." George Bernard Shaw*

30 January 2010, 03:40 PM	#4
ParisDakarBmw Banned Join Date: Dec 2009 Real Name: Paul Location: New Haven, CT Watch: 116610 Sub-C Posts: 6,552	Check KITCO out for precious metal rates, and historical charts. Platinum, and Rhodium are used in Jewelry, and Catalitic converters. Many governments, like Russia, ration the sale of these metals, while stockpiling. As the slowed economy set in the governments choked down on the export. This and other commodities react directly with the currency. As the dollar goes down in value, it takes more dollars to purchase the same ounce of metal. Rhodium was worth almost $10,000 an ounce 2 years ago after a steady climb. It dropped off the cliff when the market slowed. This hit bottom at about $1,100 an ounce. It currently sits at about $2,350 an ounce. As the econemy picks up, look for the upward trend again. My dad has a lump of Rhodium purchased at $1,350 an ounce. Good thing to look at for a 5 year investment***. The tons of dirt are actually not that much. The soil contains large deposits of heavy metal base. After about 2 pickup truck loads worth, It's put in a giant drum that seperates everything by weight. The heavy stuff is removed and then refined. On kitco you can see what mining companies report for new mine shaft test. Some are high per ton, others are high in silver. If you want to see something rare check out Tanzanite. There is only one mine in the world in Tanzania. 4 mine shafts were drilled. 2 flooded, the third is almost empty, and the fourth is pumping out the nicest stones. Those are called "block D". Now that crap is expensive!

31 January 2010, 12:17 AM	#7
Renoir "TRF" Member Join Date: Dec 2009 Real Name: Renato Location: New York Posts: 2,396	This too (not stuffed, but milled):

31 January 2010, 12:47 AM	#8
snowbird "TRF" Member Join Date: Sep 2009 Location: USA Watch: Sea-Dweller 16600 Posts: 2,157	It's a very involved process at gold mines today too to separate the gold from the rock it's buried in, most of the gold just laying around in nuggets has already been found . . .

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