[meteorite-list] Sign Up Now for your Mineral Rights (MiningAsteroids for Platinum)

From: Sterling K. Webb <sterling_k_webb_at_meteoritecentral.com>
Date: Sat, 6 Apr 2013 12:51:07 -0500
Message-ID: <652CD231FE06426CAC29E77F45E4B465_at_ATARIENGINE2>

Mark, List,

"Mining The Sky," by John S. Lewis,
can be purchased from:
http://www.amazon.com/Mining-The-Sky-Asteroids-Planets/dp/0201328194
or
http://www.barnesandnoble.com/w/mining-the-sky-john-s-lewis/1111983588
or try your public library.


Sterling K. Webb
--------------------------------------------------------------
----- Original Message -----
From: "Mark Bowling" <minador at yahoo.com>
To: <meteorite-list at meteoritecentral.com>
Sent: Saturday, April 06, 2013 10:08 AM
Subject: Re: [meteorite-list] Sign Up Now for your Mineral Rights
(MiningAsteroids for Platinum)


The 2010 stat is not cumulative. It's the total platinum mine production
just for 2010.


Platinum is just the tip of the Iceber.... asteroid. There are even
greater amount of other metals contained in that 30m asteroid. The
question is if they can stay in business when prices are depressed. If
so they would drive many terrestrial mines out of business (which would
help prices recover somewhat).

And if low cost of metals can be sustained, the metals can be used in
far more applications and would make a lot of new technology possible. A
huge benefit for all people, no matter their socioeconomic level.

Dr. Lewis at the U of AZ has done a lot of interesting work on space
mining if people want to learn more.


________________________________
From: Michael Farmer <mike at meteoriteguy.com>
To: bill kies <parkforestmet at hotmail.com>
Cc: "meteorite-list at meteoritecentral.com"
<meteorite-list at meteoritecentral.com>
Sent: Saturday, April 6, 2013 6:47 AM
Subject: Re: [meteorite-list] Sign Up Now for your Mineral Rights
(Mining Asteroids for Platinum)

The problem is that supply and demand must equalize. I would think that
the arrival of more platinum that has ever been mined would instantly
depress the price on the open market.
Michael Farmer

Sent from my iPhone

On Apr 6, 2013, at 12:56 AM, bill kies <parkforestmet at hotmail.com>
wrote:

> All in due time. It will be mind numbing to the nth degree when
> profits are made. The potential for fees and regulation are as
> limitless as the greed based hallucinations that currently strip us of
> our ability, our will, to produce on an entrepreneurial level no
> matter how basic.
>
>
> ----------------------------------------
>> From: mikestang at gmail.com
>> Date: Fri, 5 Apr 2013 21:23:19 -0700
>> To: marsrox at gmail.com
>> CC: meteorite-list at meteoritecentral.com
>> Subject: Re: [meteorite-list] Sign Up Now for your Mineral Rights
>> (Mining Asteroids for Platinum)
>>
>> Just wait until you see the BLM permitting process to establish a
>> mining claim on an asteroid...
>>
>> Michael is so. Cal.
>>
>> On Fri, Apr 5, 2013 at 8:25 PM, Kevin Kichinka <marsrox at gmail.com>
>> wrote:
>>>
>>> Team Meteorite:
>>>
>>> When Ron Baalke forwarded today a news article about mining
>>> asteroids
>>> for platinum, I at once thought of science-fiction movies I have
>>> seen
>>> from behind a box of artificially-buttered popcorn.
>>>
>>> You know, those flicks where slaves from Earth work 84 year-days far
>>> beneath the surface of some bare rock-moon in space partnered with
>>> creatures normally viewed among the protozoa. Of course there is no
>>> possible escape from this living death, but movies need happy
>>> endings
>>> so our heroes always make it home to their Honey. Mining asteroids
>>> seems a bit far-fetched to me.
>>>
>>> But ask a question or make a comment on the m-list and someone opens
>>> the door to knowledge for you. Just walk through.
>>>
>>> Thanks to Randy Korotev, I know that "OC's may contain Pt at
>>> ore-grade
>>> concentrates of 1ppm."
>>>
>>> But really, how concentrated is that I wondered, ever the sceptic.
>>> Two
>>> seconds research informed me that Platinum is an extremely rare
>>> metal,
>>> occurring at a concentration of only 0.005 ppm in the Earth's crust.
>>>
>>> Looking deeper into the topic (research is like mining, just keep
>>> digging and you'll always find your bone) ...
>>>
>>> "Platinum exists in higher abundances on the Moon and in meteorites.
>>> Correspondingly, platinum is found in slightly higher abundances at
>>> sites of bolide impact on the Earth that are associated with
>>> resulting
>>> post-impact volcanism, and can be mined economically; the Sudbury
>>> Basin is one such example."
>>>
>>> And...
>>>
>>> "From 1889 to 1960, the meter was defined as the length of a
>>> platinum-iridium (90:10) alloy bar, known as the International
>>> Prototype Meter bar. The previous bar was made of platinum in 1799.
>>> The International Prototype Kilogram remains defined by a cylinder
>>> of
>>> the same platinum-iridium alloy made in 1879."
>>>
>>> Those two paragraphs were uncovered from
>>> http://en.wikipedia.org/wiki/Platinum
>>>
>>> Sterling Webb's ever astute comments and links gave me leads and
>>> info
>>> so that with a little follow-up I've also learned -
>>>
>>> - the total mass of all asteroids equals about 4% of our Moon's
>>> mass.
>>> (I had always thought the sum was equal to a 'broken' or 'aborted'
>>> planet the size of Mars or larger).
>>>
>>> - C-type asteroids are carbonaceous and the most common. Consisting
>>> of
>>> clay and silicate rocks they exist furthest from the Sun in the
>>> outer
>>> Belt and are the least altered by heat. They may consist of up to
>>> 22%
>>> water.
>>>
>>> - S-type 'silaceous' asteroids are primarily stony materials and
>>> nickle-iron and are found in the inner belt.
>>>
>>> - M-type asteroids are mostly nickle-iron and range in the middle
>>> region.
>>>
>>> One linked article allows that "because C-type asteroids are
>>> expected
>>> to have water they will be targeted first, the hydrogen and oxygen
>>> split to create fuel". (H-m-m-m-m-m, but 'closer' asteroids is
>>> 'better' asteroids).
>>>
>>> Most importantly, is mining platinum on asteroids and delivering it
>>> to
>>> Earth like so many storks bringing babies from outer space cost
>>> effective?
>>>
>>> It was estimated that a single 30m asteroid might yield $25-50
>>> billion
>>> worth of Pt, more or less 40,000 to 80,000kg at 'today's prices'.
>>>
>>> The world's total Pt output was 192,000kg in 2010.
>>>
>>>> From the 'Economist' article link (BTW - my favorite magazine,
>>> Sterling) we learn, "...the real doubt over this sort of enterprise
>>> is
>>> not the supply, but the demand. Platinum, iridium and the rest are
>>> expensive precisely because they are rare. Make them common, by
>>> digging them out of the heart of a shattered planet, and they will
>>> become cheap. The most important members of the team, then, may not
>>> be
>>> the entrepreneurs and venture capitalists who put up the drive and
>>> the
>>> money, nor the engineers who build the hardware that makes it all
>>> possible, but the economists who try to work out the effect on the
>>> price of platinum when a mountain of the stuff arrives from outer
>>> space."
>>>
>>> ..... leaving me calculating the 'present value' of all this
>>> precious
>>> metal in 'Bitcoins' :>)
>>>
>>> Happy week-end.
>>>
>>>
>>> Kevin Kichinka
>>> Rio del Oro, Santa Ana, Costa Rica
>>> www.theartofcollectingmeteorites.com
>>> 'The Global Meteorite Price Report - 2013'
>>> Marsrox at gmail.com
>>> ______________________________________________
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Received on Sat 06 Apr 2013 01:51:07 PM PDT