Gold Sales Agent
for Independent Miners and Co-Ops

CALCULATIONS

Gold is priced on the world market by the Troy Ounce of 24carat gold
1 Kilogram = 32.15 Troy Ounces
1 Kilogram of 22 carat gold = (32.15 x 22 / 24) = 29.47 Troy Ounces

EXAMPLE

If the price of gold at the time of sale is $330 per Troy Ounce
and your gold weighs 40Kg and is 22carat before refining, then
after refining you will have (29.47 x 40) = 1,178.8 ounces of pure gold
with a GROSS VALUE of (1,17.8 x $330) = $389,004

From this value, the refinery will take it's charges and fees for assay
and refining, leaving a NET VALUE before costs and commission.

Costs include: transport to refinery, assay, customs bond & clearance...

COMMISSION

The commission will be negotiated between owner (you) and agent (us)
and may be re-negotiated from time to time. The table below is a suggestion:

Refined Weight	Commission
First 3 Kg	10%
Second 7 Kg	9%
Next 10 Kg	8%
Next 20 Kg	7%
All after 40 Kg	6%

On 20 Kg, the commission is (0.3 + 0.63 + 0.8) = 1.73 Kg (8.65%)

On 40 Kg, the commission is (0.3 + 0.63 + 0.8 + 1.4) = 3.13 Kg (7.825%)

On 50 Kg the commission is (3.13 + 0.6) = 3.73 Kg (7.46%)

On 100 Kg the commission is (3.13 + 3.0) = 6.13 Kg (6.13%)