Looking More Closely at Asteroid Mining Economics

Asteroid miners hunt for platinum, leave all common sense in glovebox, Register

"But back to PGMs. We have something that we know the demand for, in the short term at least, is relatively insensitive to price. An increase in supply of as little as 250,000 ounces - seven metric tons - will drive the price down by a quarter. So instead of the $500m they were hoping for, our lads [at Planetary Resources] would only (yes, I know, "only") get $375m. Can we run a space programme on that? The more platinum they try to bring down from space the lower the price gets, and so even more has to be brought down to finance the whole shebang."

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This page contains a single entry by Keith Cowing published on November 26, 2012 12:39 PM.

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