Posted on 01/16/2017 4:24:39 PM PST by COBOL2Java
It is made up of various precious metals such as iron, nickel and gold.
Experts believe the iron alone in the rock would be worth $10,000 quadrillion – enough to cause the world’s economy, worth $73.7 trillion, to promptly collapse altogether.
(Excerpt) Read more at dailystar.co.uk ...
oh, now need to pull that out.
NASA is a propaganda agency, nothing more.
so the death star is real. who would of thought.
Well, the first Super Bowl was 50 years ago. Think how much things have changed since then. No more moon landings, for example.
“Amazon Prime”
Free shipping and they can have it to you in two days.
I already have one.
You’re right.
Gold is running just below $1,200/oz.
Cost of mining gold from that asteroid would be 2 to 3 times that, at a minimum.
Same would be true of all metals.
Fake News.
And, of course, the costs to mine such resources are minimal, right? Dumb premise in this article.
Earth First!
We’ll mine the other planets later.
If finding something of immense value to space exploration destroys your world’s economy then there is something wrong with your economy. But we already knew this.
He has one on asteroid mining where he makes a very strong case for asteroid mining being like visiting Las Vegas:
What gets mined in space, stays in space.
Asteroids will be mined in the future for raw materials to create space ships, space habitats, etc. but won't be brought back to Earth.
Its only worth quadrillions if you can mine it and market it more cheaply than ore on earth.
Still, wouldn’t it be fun to drop a couple of landers on it and extract some core samples?
Element 79, by Fred Hoyle
:)
If the music from that sounds as good I say go for it.
Reminds me of an old Donald Duck-Uncle Scrooge comic book from around 1960 in which they find, hiding behind the moon, a solid gold mini-moon. And the race is on.
Whatever you do DO NOT HIRE TODD HOFFMAN TO MINE THAT ASTEROID FOR GOLD!!!! He is the biggest loser when it comes to gold extraction.
Sure, bringing in a huge new source of scarce resources would be a bad thing for the world economy...
Ha! Seriously, that would make for a wicked tough U.S. Space Defense platform. Drill down into it, build in some infrastructure, attach some rail-guns and laser weapons, and claim the Solar System for the U.S.A. And only let U.S. citizens enter.
Oh yes they will. If you passed a law that the income derived from activities originating from Lagrange points distance and further was exempt from taxation by stateside government for 20 generations there would be crap all over out there and whomever bagged that rock first would probably run the inner solar system for a while. That rock is a freakin’ habitat that you build out while mining it. Radiation proof (not counting possible hot spots in it), put some spin on it, you’ve got centripetal gravity...
And the iron wouldn’t waste the economy, maybe the PMs would, because they would be more fungible across gravity wells.
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