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posted by martyb on Friday January 20 2017, @02:17AM   Printer-friendly
from the iron-is-a-precious-metal? dept.

NASA wants to uncover the mystery behind the asteroid “16 Psyche.” that may contain a priceless treasure trove of minerals. “We’ve been to all the different planets, we’ve been to other asteroids. But we’ve never visited a body that has been made of entirely metal,” said Carol Polanskey, project scientist for the Psyche mission. Now NASA, led by researchers at Arizona State University, plans to send an unmanned spacecraft to orbit 16 Psyche – an asteroid roughly the size of Massachusetts, made of iron and other precious metals. The mission’s leader estimates that the iron alone on today’s market would be worth $10,000 quadrillion.

Previously: NASA Selects Two Missions to Visit Asteroids


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  • (Score: 2) by Snotnose on Friday January 20 2017, @03:47AM

    by Snotnose (1623) on Friday January 20 2017, @03:47AM (#456369)

    The price of iron will collapse, call it 100 to 1. Come up with a way to bring it back, figure a couple billion. Then bring it back, sell it, learn from your mistakes, aim at the next asteroid. Buy a few hundred acres in Hawaii, sue people around you, and profit.

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  • (Score: 2) by WalksOnDirt on Friday January 20 2017, @04:10AM

    by WalksOnDirt (5854) on Friday January 20 2017, @04:10AM (#456380) Journal

    I doubt it will ever make sense to send the iron to earth. The precious metals, well maybe, but not anytime soon.

    • (Score: 0, Flamebait) by Ethanol-fueled on Friday January 20 2017, @05:41AM

      by Ethanol-fueled (2792) on Friday January 20 2017, @05:41AM (#456407) Homepage

      Rare-Earth metals are where it's at, and the Chinks have them.

      The next world war will be not about artificial islands or currency manipulation or the One-China policy, [wikipedia.org] it will be about rare-Earth metals. Countries are literally bottom-feeding, scraping the seafloor for them. Especially around the South-China Sea. The problem is, that Americans are weary of going to war over natural resources, so it must be spun about something else equally unpalatable to anybody with half a brain, but I digress.

      You read it here first.

      As you did my previous guess, which was posted [soylentnews.org] before the official release.