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Riches in the Sky: The Promise of Asteroid Mining
Associated Content (By way of http://curmudgeons.blogspot.com/) ^ | Nov 15, 2005 | Mark Whittington

Posted on 11/16/2005 2:55:16 PM PST by tricky_k_1972

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Lengthy article, well written and very easy to understand for those not normally interested in such things.
1 posted on 11/16/2005 2:55:18 PM PST by tricky_k_1972
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To: KevinDavis; Frank_Discussion; unibrowshift9b20; RightWhale; El Sordo; SauronOfMordor; ...

Space Ping! If you want on or off this list please Freepmail me.
My Home Page

2 posted on 11/16/2005 2:55:46 PM PST by tricky_k_1972 (Putting on Tinfoil hat and heading for the bomb shelter.)
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To: tricky_k_1972

Not to mention Kofi Annan that would have something to say about mining the moon or Mars..............


3 posted on 11/16/2005 2:58:40 PM PST by fishtank
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To: tricky_k_1972
Nothing new in this report. von Braun spoke of this resouce in the early 50s. He stated that if a 1 mile diameter metallic asteroid were mined for its iron ore and nickle ore you would have a 500 year supply of stainless steel.

BTW if the steel is manufactured in orbit it's crystalline structure can be maintained in such a fashion that a steel beam 1 foot wide might only be one half foot wide. Bridge girders in space for earth applications.

If we prepare to contact and divert the 2029 asteroid into an earth centric orbit we've got our next Mesabi Range!

4 posted on 11/16/2005 3:01:32 PM PST by Young Werther
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To: tricky_k_1972
And the key to successful operations is to have a good mechanic, a "companion", a shepherd, a doctor, and a couple of folks good with weapons on your crew -- not to mention a passenger with impressive psychic abilities.

5 posted on 11/16/2005 3:01:33 PM PST by VRWCmember (hard-core, politically angry, hyperconservative, and loaded with vitriol about everything liberal.)
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To: tricky_k_1972
Well, assuming Earth core at the same metallic composition as that asteroid, it would be worth 3x1020 dollars - why, it would contain several hundred metric tons of platinum alone for every earthling.
6 posted on 11/16/2005 3:01:55 PM PST by GSlob
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To: fishtank

As it has been explained to me, by several more knowledgeable on the topic of Space law than I am, mined products are the property of those whom mine them, hence when we brought back the moon rocks they were ours.


7 posted on 11/16/2005 3:04:46 PM PST by tricky_k_1972 (Putting on Tinfoil hat and heading for the bomb shelter.)
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To: VRWCmember
Great. Time for me to stand on the roof and curse the day certain Fox executives crawled forth from the slime which spawned them.

"You know what the chain of command is? It's the chain I go get and beat you with until you understand who's in ruttin' command here."

8 posted on 11/16/2005 3:07:10 PM PST by KarlInOhio (We were promised someone in the Scalia/Thomas mold. Let's keep it going with future nominees.)
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To: KarlInOhio

If you didn't rent or buy the series on DVD, then you might not have seen enough episodes to recognize the next quote: "Jayne, my days of not taking you seriously are definitely coming to a middle." That was one of my favorite quotes by Mal.


9 posted on 11/16/2005 3:11:41 PM PST by VRWCmember (hard-core, politically angry, hyperconservative, and loaded with vitriol about everything liberal.)
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To: tricky_k_1972
To get an idea of just how much wealth is to be had from asteroids, one can examine 3554 Amun, a mile wide lump of iron, nickel, cobalt, platinum, and other metals that has an orbit closely resembling that of Earth's. Though it is one of the smallest known metallic asteroids, 3554 Amun contains thirty times as much metal as has ever been mined by human beings in the history of Earth.

Can this possibly be right? Concerning platinum, if the amount on the asteroid is significant, I could see that this would be right. But iron? We haven't mined enough iron in the history of the world to make one thirtieth of a ball one mile in diameter? I think there is that much steel on Manhattan alone.

10 posted on 11/16/2005 3:12:39 PM PST by Rocky (Air America: Robbing the poor to feed the Left)
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To: Young Werther

I predict you'll never, ever, see any asteroid mined.

Economics are simply not there. We've never really truly run out of a mineral on earth (I think the one you could realistically make a case for is Silver in the future) and it's ALWAYS going to be cheaper to simply dig deeper or go through the tailings again and recover what you can on earth, for a given mineral, than to mine an asteroid.


11 posted on 11/16/2005 3:13:25 PM PST by Strategerist
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To: KarlInOhio

Actually, I'm glad that I never watched the series when it was on the air. If I had, I would have been immensely pissed off when they canceled after only four or five episodes. The idiots at Fox don't recognize quality programming. They cancelled "Tru Calling" which was probably the second-best series they had broadcast (after Firefly) barely into the second season. Most likely they will kill off the new series "Bones" before it gets a chance to get established too.


12 posted on 11/16/2005 3:14:10 PM PST by VRWCmember (hard-core, politically angry, hyperconservative, and loaded with vitriol about everything liberal.)
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To: tricky_k_1972

That's fine. Asteroid mining is feasible in economic terms right now. But not the way they propose in the article. None of the technical solutions I have seen make any business sense at all.


13 posted on 11/16/2005 3:19:53 PM PST by RightWhale (Repeal the law of the excluded middle)
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To: fishtank

Kofi Annan has nothing to say about this, nor has his non-gov organization, the UN. The 1967 UN Outer Space Treaty governs.


14 posted on 11/16/2005 3:21:33 PM PST by RightWhale (Repeal the law of the excluded middle)
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To: tricky_k_1972
Excellent read!
15 posted on 11/16/2005 3:21:59 PM PST by Lancer_N3502A
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To: tricky_k_1972

Man, that strip mining ruins the nearby property values.


16 posted on 11/16/2005 3:22:06 PM PST by fat city ("The nation that controls magnetism controls the world.")
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To: Strategerist

The actual stopper is legal. Economically, it is feasible.


17 posted on 11/16/2005 3:22:45 PM PST by RightWhale (Repeal the law of the excluded middle)
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To: tricky_k_1972

If you mine, don't you also change the mass of the asteroid, and subsequently its orbit? Also, as mentioned, even with high-value metals, the cost of returning them for use on earth is break-even at best (and thus an awful lot of effort to go through). Using the metals in orbital manufacturing (and returning the finished products down the gravity well) is a little better, and use for extraterrestrial construction or actual use in space is slightly into the plus column due to the cost of lofting such materials into orbit.


18 posted on 11/16/2005 3:23:04 PM PST by Little Pig (Is it time for "Cowboys and Muslims" yet?)
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To: RightWhale
Economically, it is feasible.

I very, very, very, very seriously doubt that.

I'll start a company to start extracting stuff from really low grade ore, or previous mining operations, or just go REALLY REALLY deep on earth, and I'll do it cheaper than doing it from an Asteroid every single time.

19 posted on 11/16/2005 3:25:27 PM PST by Strategerist
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To: Little Pig
you also change the mass of the asteroid, and subsequently its orbit

America has lost its technological edge. Don't they teach physics anymore?

20 posted on 11/16/2005 3:25:27 PM PST by RightWhale (Repeal the law of the excluded middle)
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