New Asteroid Mining Company Emerges

> the funding for this endeavor is a bit of a question mark

Unless and until they discover an asteroid, in a favorable orbit, that has large deposits of rhodium, or palladium, or platinum, or gold. (Or even copper.)

That will bring in the speculative investors.

Once they demonstrate that they can bring these minerals back to earth at a profit, then they will have screaming investors climbing over one another to put up money for it.

I was arguing years ago that we ought to be doing this. I'm TIRED of the whiny, "only one Earth and we're running out of resources" bullcrap. If they can make this work -- and I give them an even 50/50 chance -- it'll be as revolutionary as the invention of the wheel.

If it was gold the 'speculators' would be paying you a fuckton of cash just to forget you ever saw it and destroy all record of it. Or, failing that, pay very expensive hit men to get rid of the asteroid prospectors.

There could be enough gold come from asteroid mining to completely destroy its value. That would be hilarious and I'd love to see it happen, but the wealth of the gold cartels is, well, astronomical and they'd like to keep it that way.

Source: http://rss.slashdot.org/~r/Slashdot/slashdotScience/~3/XWi1DVF6MGU/story01.htm

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