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Everything you need to know about James Cameron's asteroid mining
Blastr.com ^ | 04/24/12 | DVICE Staff

Posted on 04/24/2012 5:15:46 PM PDT by KevinDavis

Planetary Resources just wrapped up a press conference in Seattle, officially announcing both its existence and its ambitious plan to mine near-Earth asteroids. We were listening in live, and here's everything you need to know about how this asteroid mining plan is going to work and when it's going to happen.

Essentially, Planetary Resources is looking to send spacecraft to mine near-Earth asteroids for resources ranging from precious metals (like platinum) to water. The company has assembled a team of engineers and visionaries with a large helping of financial support from the likes of Larry Page and James Cameron, and today they went public with their vision for the future of harvesting resources from space.

(Excerpt) Read more at blastr.com ...


TOPICS: Business/Economy; Miscellaneous
KEYWORDS: space

1 posted on 04/24/2012 5:15:50 PM PDT by KevinDavis
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To: Jack Hydrazine; ELS; ToxicMich; Cronos; A_perfect_lady; Art in Idaho; perplyone; TheOldLady; ...

2 posted on 04/24/2012 5:16:57 PM PDT by KevinDavis (Go Mitt Go!!!)
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To: KevinDavis

Lots of increasingly rare earths are found in space.


3 posted on 04/24/2012 5:17:57 PM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: cripplecreek; All

Imagine this, finding materials in asteroids that can be used on Earth or in Space..


4 posted on 04/24/2012 5:25:08 PM PDT by KevinDavis (Go Mitt Go!!!)
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To: KevinDavis

I wish them the best of luck, but Cameron is not the sharpest knife in the drawer.

Hollywood.

Hello!


5 posted on 04/24/2012 5:27:41 PM PDT by Da Coyote
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To: KevinDavis

Have been following the idea of mining asteroids for many years (not a new concept). Have yet to see any figures that would indicate a significant return on investment dollar. In my opinion, the staggering cost of the whole project could never be recouped and thus would make it a money pit.


6 posted on 04/24/2012 5:30:32 PM PDT by doc1019 (Romney will never get my vote!)
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To: doc1019

I haven’t done any calculations, but I’m pretty sure you are correct. The costs involved are enormous. Sounds like a scam to me.


7 posted on 04/24/2012 5:39:56 PM PDT by expat2
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To: KevinDavis

Mr. Cameron! Mr. Cameron! I have a question! Wouldn’t blasting all of that equipment into space and bringing back the minerals/water create more of the pollution you’re advocating against? Wouldn’t that make you a hypocrite, Mr. Cameron?


8 posted on 04/24/2012 5:40:00 PM PDT by Thorliveshere
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To: expat2
Sounds like a scam to me.

That's up to the investors to decide.
9 posted on 04/24/2012 5:45:17 PM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: expat2
"Lee DeForest has said in many newspapers and over his signature that it would be possible to transmit the human voice across the Atlantic before many years. Based on these absurd and deliberately misleading statements, the misguided public ... has been persuaded to purchase stock in his company ..."

-- U.S. District Attorney, prosecuting Lee DeForest, American radio pioneer, for selling stock fraudulently through the mail for his Radio Telephone Company, 1913

Some people just never learn. But fuddy-duddy nay-sayers are important comic relief.

/johnny

10 posted on 04/24/2012 5:51:35 PM PDT by JRandomFreeper (Gone Galt)
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To: doc1019
"While theoretically and technically television may be feasible, commercially and financially I consider it an impossibility, a development of which we need waste little time dreaming."

-- Lee DeForest, American radio pioneer and inventor of the vacuum tube, 1926

I seem to have heard this melody before.

/johnny

11 posted on 04/24/2012 5:54:46 PM PDT by JRandomFreeper (Gone Galt)
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To: KevinDavis

I don’t think I’ll live long enough to see any of this stuff happen (where do you get the energy for a ‘robot’ refractory in space?) ... but I also don’t doubt that a team of K-Street lobbyists are pushing NASA into funding this pie in the sky to the tune if billions of dollars right now.


12 posted on 04/24/2012 5:55:11 PM PDT by Ditto (Nov 2, 2010 -- Partial cleaning accomplished. More trash to remove in 2012)
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To: JRandomFreeper

I didn’t say the concept wasn’t feasible (or even profitable), just that I had not seen any numbers that indicated that the whole idea would be worth the dollars required. The numbers might be there, just not something I have seen.


13 posted on 04/24/2012 6:01:12 PM PDT by doc1019 (Romney will never get my vote!)
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To: cripplecreek

Of course it is. Just gave my own opinion as a potential (but declining) investor.


14 posted on 04/24/2012 6:02:46 PM PDT by expat2
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To: JRandomFreeper

Almost everybody who invested in DeForest’s company lost all their investment, so you have (involuntarily) supported my point. Thanks.


15 posted on 04/24/2012 6:13:09 PM PDT by expat2
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To: expat2
Yep. It's difficult to make money when you are fighting the government and public opinion that later turn out to be wrong.

But it's much easier to talk smack about people that are actually accomplishing something than to do something yourself.

/johnny

16 posted on 04/24/2012 6:17:17 PM PDT by JRandomFreeper (Gone Galt)
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To: doc1019

Few endeavors are money makers in the beginning. Just sending settlers to the new world financially destroyed lots of investors as well as the settlers themselves.

If there is value there, others will follow and costs will begin to fall.

Hell, I’d give them 50 bucks for a share or two. To me just seeing them try would be worth the $50.


17 posted on 04/24/2012 6:21:19 PM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: JRandomFreeper
The problem is one of timing. Some visions come true eventually, but much too late for the poor early investors.
Perhaps asteroidal mining will one day pay off, but not in my lifetime, I suspect.
18 posted on 04/24/2012 6:31:38 PM PDT by expat2
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To: expat2

Why not attach roket to ass-teroid, land it in White Hut front lawn and mine the stuff here, huh?
Corzswine-Maddoff Co selling shares already.
Copyleft by telldaprompter.


19 posted on 04/24/2012 6:45:50 PM PDT by Leo Carpathian (fffffFRrrreeeepppeeee-ssed!)
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To: KevinDavis
Video at the link

A couple of thoughts....wouldn't it be easier to steer an asteroid into the moon and then mine the impact site?

What are the chances that by altering the mass of one of these asteroids by removing water and minerals that it's orbit could be altered enough to eventually put it on a collision course with Earth?
20 posted on 04/24/2012 7:11:04 PM PDT by rottndog (Be Prepared for what's coming AFTER America....)
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To: rottndog
In the video, it looks like they are planning to build a small version of this
21 posted on 04/24/2012 7:41:36 PM PDT by Selene
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To: KevinDavis

I can hardly wait to see how the enviro wackos explain their inevitable opposition to this.


22 posted on 04/24/2012 8:12:34 PM PDT by Avid Coug
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To: KevinDavis
I'm absolutely AMAZED at how short-sighted MANY freepers are.

It's not doable in my lifetime so I don't think we should do it. Sheesh. What a concept.

23 posted on 04/24/2012 10:30:36 PM PDT by HeartlandOfAmerica ("We have prepared for the unbeliever, whips and chains and blazing fires!" Koran Sura 76:4)
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To: KevinDavis

seachin’ the belt for that big blue woman eh, Jimmy?


24 posted on 04/25/2012 3:45:27 AM PDT by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: Selene
In the video, it looks like they are planning to build a small version of this

DON'T YOU THINK I KNOW THAT????


25 posted on 04/25/2012 3:58:59 AM PDT by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: KevinDavis
In space, a single platinum-rich 500 meter wide asteroid contains about 174 times the yearly world output of platinum, and 1.5 times the known world-reserves of platinum group metals (ruthenium, rhodium, palladium, osmium, iridium, and platinum). This amount is enough to fill a basketball court to four times the height of the rim. By contrast, all of the platinum group metals mined to date in history would not reach waist-high on that same basketball court.

Wonder what they think will happen to the price of these "rare" minerals when they suddenly become common.

26 posted on 04/25/2012 5:31:53 AM PDT by Sherman Logan
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To: KevinDavis
These investors are the people who the liberals foolishly want to tax into servitude.

That way only government could hope to finance space exploration.

27 posted on 04/25/2012 6:49:50 AM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both)
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To: Da Coyote
Cameron is not the sharpest knife in the drawer.

He doesn't have to be. He just has to have deep pockets.

28 posted on 04/25/2012 12:43:07 PM PDT by hattend (Firearms and ammunition...the only growing industries under the Obama regime.)
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To: Vaquero

lol!!!


29 posted on 04/27/2012 3:08:53 PM PDT by Selene
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