bankside
JUB 10k Club
If an asteroid can be found of a sort that's predicted to be out there, we could have enough rare elements to drop current prices by over half. The real problem with asteroid mining isn't cost, it's time: we don't have any method for getting a substantial asteroid from the main belt into earth orbit in anything less than years.
There are several companies betting on finding the right asteroid out of the near-earth group; while it would take a few tens of billions to grab one and bring it back, the return on investment would be on the order of 1k to 1, assuming a selling price at three-quarters of current prices. So while planet-based mines are cheaper in the short run, in the long run asteroids win.
And we could drop pieces of the waste on North Korea.....![]()
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I don't know too much about the economics of mining. I can't help but wonder that as rich in minerals as an asteroid might be, unless they are self-refining, we'd have to mine them anyway. It comes back to mining minerals on earth being cheaper than bringing minerals here from outer space to then have to mine them anyway, n'est-ce pas?


















