Question: What is the possibility of an orbital settlement around Deimos as it would have access to the minerals of both the moon itself and the supposed water supply of Mars? – Colin
Answer: Well, settlements on other planets or moons are many years in the future at this point. Before deciding to form such a settlement on Deimos, though, the existence of water on Mars needs to be settled. Note that at this point there is only evidence of surface features that look like the result of flowing liquid. As to whether it is water or not is still an open question.