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Yep, like mining anything asking how much is down there without reference to the cost of extraction is useless. Gold mines exist all over the world with large k
by Lxr 10y ago
Yep, like mining anything asking how much is down there without reference to the cost of extraction is useless. Gold mines exist all over the world with large known deposits but feasibility comes down to whether it's worth it to extract based on current prices.
- IndianAstronaut 10y agoThe whole idea behind investment in asteroid mining is to get capital infrastructure in place to make it cost competitive. In the past we traveled thousands of miles in boats and caravans to get raw materials that were not easily available locally. Sure, you could grow cloves in France, but investing in and establishing routes to south Asia ended up being an investment that made availability of the cloves easier.