Gold from asteroids
(PresseBox) - A NASA space flight took place. Now the space probe OSIRIS-REX has landed with samples of the asteroid Bennu.
The evaluation of the samples taken will be exciting. Launched in September 2016, the spacecraft has been on the road for a long time, seven years and four billion miles. On the asteroid there are veins in the rock, which contain minerals that serve as carriers for metals and rare earths. Time and again, people think about the possibilities of a space economy. But transporting raw materials to Earth will fail because of the cost. The price of gold, for example, would have to rise to $268 million for one troy ounce, according to calculations. Commercial development is therefore not to be expected. After all, the space probe cost $1.1 billion and was thus no bargain.
The calculations for extracting metals from asteroids don t get any better when you look at iridium. It is used for the production of chips and special alloys, and it costs about 4,700 US dollars per troy ounce, i.e. considerably more than gold. If you take the OSIRIS-REX as a benchmark, the price of iridium would have to rise at least 140,000 times. So would-be asteroid mining companies will have a more than difficult time, even if mineral selection and processing were possible in orbit. So, it makes more sense to focus on mining companies on Earth. For example, Karora Resources or Gold Terra Resource take care of gold.
Gold Terra Resource - https://www.commodity-tv.com/ondemand/companies/profil/gold-terra-resource-corp/ - owns the large and high-grade Yellowknife City Gold Project (918 square kilometers) in the Northwest Territories.
Karora Resources - https://www.commodity-tv.com/ondemand/companies/profil/karora-resources-inc/ - achieved record production of nearly 41,000 ounces of gold in Western Australia at its two gold mines in the second quarter of 2023.
Current corporate information and press releases from Karora Resources (- https://www.resource-capital.ch/en/companies/karora-resources-inc/ -) and Gold Terra Resource (- https://www.resource-capital.ch/en/companies/gold-terra-resource-corp/ ?-).
In accordance with ?34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
Unternehmensinformation / Kurzprofil:
Datum: 05.10.2023 - 02:15 Uhr
Sprache: Deutsch
News-ID 692222
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Contact person: Jörg Schulte
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"Gold from asteroids"
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