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Mining Asteroids: Not At Those Overheads

30 Jun 2009, 06:34 UTC
Mining Asteroids: Not At Those Overheads
(200 words excerpt, click title or image to see full post)

In The Future™, when mankind is Sufficiently Advanced®, nations, companies and entrepreneurs will be shuttling huge cargo spaceships to and from the asteroid belt. Asteroid mining is going to be the first REAL gold rush, “thars gold in them thar rocks!” But not only gold, we’ll be able to consume asteroids of all their constituents; platinum, iridium and silicon (silicon?). Global economies will be flooded with a new-found wealth being fed by the new Solar System’s bounty. Times will be good, after all, this is The Future™.
Although asteroid mining looks good on paper, once you do a little bit of adding up, you suddenly realize it’s actually one hell of an undertaking. Looking at the economics of asteroid mining is especially daunting, and believe me, my co-author Greg Fish has done the number crunching.
When Greg and I started out researching our book, Astroeconomics: Making Money from the Vacuum of Space, we initially made the assumption that the key way to make vast wads of cash in space is from asteroid mining. This assumption was purely based on… well, an assumption. A quick glance on the various space advocacy websites will demonstrate just how accepted asteroid mining is as ...

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