The amount that the producer receives from the smelter in payment for ore is likely to be very different from the gross value of the contained metal, a fact which many a shipper has learned only too late. The liquidation value ranges from as little as 30% of the gross in certain zinc ores carrying high freight charges to 75% or 85% for some copper and silver ores. Rarely, though, does it exceed 80%. The smelter must be compensated for costs and metallurgical losses, and it must earn a profit on its operations.