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bananas

(27,509 posts)
Tue Apr 24, 2012, 10:53 AM Apr 2012

Asteroid mining will reduce the cost of everything

"Diamandis said a single asteroid in the range of 200 to 500 meters in diameter could contain more platinum-group metals than has ever been mined in the whole of human history."

That means less environmentally destrucive mining of the earth.

http://cosmiclog.msnbc.msn.com/_news/2012/04/23/11339522-billionaire-backed-asteroid-mining-venture-starts-with-space-telescopes

Billionaire-backed asteroid mining venture starts with space telescopes

By Alan Boyle

The venture known as Planetary Resources eventually plans to go asteroid mining — but the first step in the billionaire-backed business plan is to launch an orbital fleet of "personal space telescopes" capable of looking out into the heavens or back down on Earth.

<snip>

Asteroids also could yield precious metals such as platinum, gold and rare-earth materials — treasures that are worth bringing back to Earth. Diamandis said a single asteroid in the range of 200 to 500 meters in diameter could contain more platinum-group metals than has ever been mined in the whole of human history.

"When the availability of these materials increases, the cost will reduce on everything, including defibrillators, hand-held devices, TV and computer monitors, catalysts; and with the abundance of these metals we'll be able to use them in mass production, like in automotive fuel cells," Diamandis said in the news release.

<snip>


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bananas

(27,509 posts)
1. Live stream at 10:30am PDT today.
Tue Apr 24, 2012, 10:56 AM
Apr 2012

"Learn about our mission and how we plan to revolutionize current space exploration and help ensure humanity's prosperity for generations to come."

http://www.planetaryresources.com/
http://www.spacevidcast.com/live


FogerRox

(13,211 posts)
4. Not obsconding with space based resources will be way more expensive.
Tue Apr 24, 2012, 05:30 PM
Apr 2012

Of course its a bit early, but a good sign that some are at laest thinking about it.

drm604

(16,230 posts)
3. It's hard to know what to make of this.
Tue Apr 24, 2012, 11:47 AM
Apr 2012

It's certainly something the human race should be doing in the long run, but is it economically feasible right now, even for billionaires?

According to Wikipedia, the initial cost for the Mars rovers Spirit and Opportunity was $820 million. So we're talking about nearly a billion just for two exploratory robots for the initial 90 Mars-day mission. What would mining robots cost?

The loss of one mission could bankrupt the whole thing. Would anyone sell them insurance?

FogerRox

(13,211 posts)
5. It might be a little early
Tue Apr 24, 2012, 05:35 PM
Apr 2012

But lets go out on a limb, lets say Polywell P-B11 fusion works.


On Earth 1000Mw of electricty from a 35 ft room, 18 ft chamber.

Mars in 38 days Titan in 76.

We can drop Helium fueled Polywells on the Moon, Earth Lunar L-1 etc.

Chase, snag asteroids.

Establish Offplanet industrial infrastructure.

Remember that recent near Earth ASteroid, its mostly carbon, could be used to manufacture a carbon fiber based space elevator. Same for Mars.

drm604

(16,230 posts)
6. That's a pretty shaky limb.
Tue Apr 24, 2012, 05:48 PM
Apr 2012

Obviously if Polywell or any other type of fusion shows a net energy gain and is economical, then that's a game changer, but lots of theoretical technologies would be game changers.

 

Nihil

(13,508 posts)
7. If there is a billionaire prepared to take that risk, that's about the best chance we have.
Wed Apr 25, 2012, 04:49 AM
Apr 2012

No government or state agency is going to even draw up serious plans
(i.e., down to the budget allocation stage) for this in the foreseeable future
so it will only be by means of entrepreneurs that this enterprise will get
off the ground (if you'll excuse the pun).

Comparing the highly complex Spirit/Opportunity missions to a dedicated
single-purpose operation (yes, still not "simple&quot is a bit unfair considering
that much of the ground has effectively been broken already by different
missions: launch, interception, sample extraction, analysis, control, ...

Yes it will be expensive but that's why such a person could be the saviour
of this whole dream - and not for purely altruistic reasons either ... yes,
they have the opportunity to be recognised for helping kick-start the next
phase of human survival (a genuine "history book" entry!) but also the
opportunity for them to make a fortune (or another one in his case).


drm604

(16,230 posts)
8. Oh, I'm not against them trying, if they're actually planning to do so.
Wed Apr 25, 2012, 05:48 AM
Apr 2012

I'm just wondering if it's real or some kind of investment scam.

madokie

(51,076 posts)
9. A thought just hit me
Wed Apr 25, 2012, 11:01 AM
Apr 2012

Could it be that these deposits we are finding on earth today came form asteroids of years past

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