[ExI] Rare Metal Asteroid That’s Worth $10,000,000,000,000,000,000

[Adrian Tymes]

On Wed, Oct 28, 2020 at 11:58 AM Dan TheBookMan via extropy-chat <
extropy-chat at lists.extropy.org> wrote:

> On Wed, Oct 28, 2020 at 1:34 PM John Grigg via extropy-chat
> <extropy-chat at lists.extropy.org> wrote:
> > I wonder who will get robot miners there first, America or China? Or I
> should say, American or Chinese companies...
> >
> > On Wed, Oct 28, 2020 at 9:06 PM John Clark via extropy-chat <
> extropy-chat at lists.extropy.org> wrote:
> >>
> >> Rare Metal Asteroid That’s Worth $10,000,000,000,000,000,000
>
> Of course, if demand stayed the same and one could economically
> extract and use the metal, then the price would drop -- probably in
> anticipation of the extraction if not afterward.
>
> These kinds of claims about how much this or that asteroid is worth
> don't usually take that into account. And, yes, demand probably won't
> remain constant.


Even at 1/1,000,000th of the price, it would be worth huge investments to
mine.

16 Psyche has been known of for a while - see
https://en.wikipedia.org/wiki/16_Psyche .  The only news here is the
publication of yet another study showing that it has a large metal content.

There's a case for nudging it into the Earth-Moon system, perhaps in GEO,
for much more feasible access to its wealth (mineral and scientific).
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