Asteroid mining: The race for space riches

There’s gold in them thar asteroids – also iron, nickel, copper and, most valuable of all, water. According to the proponents of asteroid mining, these space rocks are a virtual El Dorado in the sky with more obtainable minerals in the largest three in our solar system than on the entire Earth. The question is, where exactly is all this mineral wealth and how do you get it without going broke in the process?

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CrazyNeutrino said:

Asteroid mining: The race for space riches

There’s gold in them thar asteroids – also iron, nickel, copper and, most valuable of all, water. According to the proponents of asteroid mining, these space rocks are a virtual El Dorado in the sky with more obtainable minerals in the largest three in our solar system than on the entire Earth. The question is, where exactly is all this mineral wealth and how do you get it without going broke in the process?

more…

It would make sense to not bring it back to Earth but use it to build things for space colonisation.
Mind you space mining is probably easier than space manufacturing.

you could land on the asteroid and work out its theoretical worth, you then sell shares of this asteroid to either pay for another mission to get the minerals or simply make money; there would be some one stupid enough to buy shares in something like this , I mean look at the pre GFC house loan market.

wookiemeister said:

you could land on the asteroid and work out its theoretical worth, you then sell shares of this asteroid to either pay for another mission to get the minerals or simply make money; there would be some one stupid enough to buy shares in something like this , I mean look at the pre GFC house loan market.

How much are the shares?

Peak Warming Man said:

wookiemeister said:

you could land on the asteroid and work out its theoretical worth, you then sell shares of this asteroid to either pay for another mission to get the minerals or simply make money; there would be some one stupid enough to buy shares in something like this , I mean look at the pre GFC house loan market.

How much are the shares?

a dollar

dv said:

Peak Warming Man said:

wookiemeister said:

you could land on the asteroid and work out its theoretical worth, you then sell shares of this asteroid to either pay for another mission to get the minerals or simply make money; there would be some one stupid enough to buy shares in something like this , I mean look at the pre GFC house loan market.

How much are the shares?

a dollar

Will dividends be fully franked?

Peak Warming Man said:

dv said:

Peak Warming Man said:

How much are the shares?

a dollar

Will dividends be fully franked?

That will depend on various nations’ laws but in Australia, yes.