That iPhone in your hand isn’t just a complex piece of electronics. It’s also a gold mine — quite literally. And a platinum mine, silver mine, copper mine … you get the picture.

911 Metallurgist, which helps mines and recyclers extract precious metals from ore and, apparently, phones, has exhaustively checked the iPhones and other mobile devices. Each iPhone 5, for instance, contains $1.58 of gold, $.36 of silver, $.05 of platinum, and $.12 of copper.

Those numbers may sound small, but the phone holds from six to 300 times more precious metal than the equivalent amount of ore from a mine.

(Is that 50,000 ounces per month ?…….of Silver    ?) 10mil phones per month