Sciencescienceasteroidmine

Sun Jul 9, 2017, 09:40 AM

startup to mine asteroids

i will invest a little ib this project, which might make afghanistan's rare earth metals less desirable.

i do have a few misgivings about these space corporations. sure, private sector exploration and exploitation is inevitable, but who protects these mines from russians, chinese, or claim jumpers? do american taxpayers fund the space police? do we tax them? etc etc etc ....

http://www.wired.co.uk/article/asteroid-space-mining-phoenix-mars-chris-lewicki-planetary-resources

16 replies, 682 views

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Response to rampartb (Original post)

Sun Jul 9, 2017, 09:51 AM

1. I've got just the right crew for this job.

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Response to rampartb (Original post)

Sun Jul 9, 2017, 09:52 AM

2. No need for the US to get involved. Private enterprises are capable of self-defense

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Response to rahtruelies (Reply #2)

Sun Jul 9, 2017, 10:12 AM

6. yea, right

that's why we're spending billions keeping an army in the oilfields

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Response to rampartb (Reply #6)

Sun Jul 9, 2017, 11:15 AM

13. you confuse corporate rent-seekers and israel with free enterprise.

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Response to rampartb (Original post)

Sun Jul 9, 2017, 09:53 AM

3. A clear solution.

Pay me a mining tax in advance. I have claimed all asteroids in the solar system as my personal property. I have also claimed Jupiter and its moons as my personal property.

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Response to Jack Burton (Reply #3)

Sun Jul 9, 2017, 10:13 AM

7. great. now i know who to sue if one of your asteroids lands on my house.

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Response to rampartb (Original post)

Sun Jul 9, 2017, 09:57 AM

4. Well this is interesting and will certainly happen some day

providing the earth is not destroyed by global warming LOL.

Investing in something like this now will make my great grandchildren happy someday !

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Response to rampartb (Original post)

Sun Jul 9, 2017, 09:59 AM

5. Lol. Your first thought is about "space police" and regulating, not exploration.

 

Jesus H Christ I'd laugh if it wasn't so pathetic.

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Response to Shkreli (Reply #5)

Sun Jul 9, 2017, 10:17 AM

8. i've been thinking about exploration since before you were spawned

i also know that these corporate socialists will be running to congress the minute they need a bail out.

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Response to rampartb (Reply #8)

Sun Jul 9, 2017, 10:43 AM

10. If you are that old then you haven't learned. Maybe your issues stem from an inability to adapt to

 

the wages of post modernism which we see before us.

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Response to rampartb (Reply #8)

Sun Jul 9, 2017, 10:52 AM

11. Yep..hopefully Pelosi & Reid are running Congress then so they can get the bailouts w/o restrictions

as those clowns did with TARP.

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Response to rampartb (Original post)

Sun Jul 9, 2017, 10:41 AM

9. How do you plan to invest in this project?

A quick google search shows that they are a privately held corporation with no public stock offerings. Do you know of some other route? I'd also like to throw a few bucks into the venture for my grandkid.

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Response to fools_gold (Reply #9)

Sun Jul 9, 2017, 11:07 AM

12. i'm looking

seems the investers are all billionaires (and the duke of luxemburg, if you are wondering where the paperwork will be filed.)

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Response to rampartb (Original post)

Sun Jul 9, 2017, 11:52 AM

14. A long history of quest

Platinum is one of the rarer elements in Earth's crust. It has remarkable resistance to corrosion, even at high temperatures. It is used in catalytic converters, laboratory equipment, electrical contacts and electrodes, platinum resistance thermometers, dentistry equipment, and jewelry.

The glitter of precious metals has twinkled in the eyes of many ambitious men, spurning them to conquer territories, nations and even continents.

Archaeologists have discovered traces of platinum in the gold used in ancient Egyptian tombs and hieroglyphics as early as 1200 BC. However, the extent of early Egyptians' knowledge of the metal is unclear. It is quite possible they did not recognize there was platinum in their gold.

The Spanish were sending shiploads of gold from Mexico back to Spain, prompting France to join in by 1699 when Bienville and Iberville founded the Louisiana colony. Indeed, many of the first inhabitants on French ships to Louisiana were skilled in the mining trade. But their hopes were unfulfilled. Gold was an elusive metal in Louisiana, and the French had to settle for lead mines in what is Missouri today. The Spanish were successful in keeping the French out of Mexico while France continued to unsuccessfully search for gold and silver in Louisiana.

Louisiana’s own Antonio de Ulloa, the one who was ousted by the French patriots in 1769, was sent by Spain to govern Louisiana. He was also credited with the discovery of platinum in 1748 along the equator at Ecuador during the French Geodesic Mission in 1746. His historical account of the expedition included a description of platinum as being neither separable nor calcinable. Ulloa also anticipated the discovery of platinum mines. After publishing his report in 1748, Ulloa did not continue to investigate the new metal. In 1758, he was sent to superintend mercury mining operations in Huancavelica.

In 1849, discovery of gold in California created the so-called Gold Rush, prompting many an eager fortune seeker to lay down his plow and pick up a pick and shovel. Many didn’t survive the trip to California.

In 1865, chromites were identified in the Bushveld region of South Africa, followed by the discovery of platinum in 1906.

I can tell you from personal experience that gold can do strange things to a psyche. While visiting an abandoned gold mine in North Carolina, it was not hard to find a rock speckled with tiny pieces of gold lying on the ground. Too sparse in gold content to commercially extract, the mine was abandoned many years ago, but the sight of the glittering specs of gold in the rock proved to me what drove men to spend their fortunes and lives in search of the metal.

If you do invest in Platinum mining of asteroids, you will have plenty of company among the profiteers and fortune seekers of history.

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Response to oflguy (Reply #14)

Sun Jul 9, 2017, 12:15 PM

15. i made a nice bit of money buting and selling bankrupt general motors stock

ventures like this may be profitable as well.

modern conquistadores chase paper, not metal.

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Response to rampartb (Original post)

Sun Jul 9, 2017, 02:04 PM

16. Seems to me it will use more resources than can possibly be gained

But that's just my gut feeling

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