SIR, THEY'RE PLANNING TO MINE ASTEROIDS WITH ALL OF YOUR MONEY
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LAST TIME ON DRAGONBALL Z...
I wrote a fine-ass thread giving a rough price estimate and laying out the details as to how we apes can build a skyhook. That thread turned out to be one of the more popular ones here on Ape Philanthropy, and although there was some criticism in other subs saying the price estimate was a bit optimistic, everybody was pretty much sold on the idea of building skyhooks.
I still remain sold on the idea -- even if the things cost twice or three times as much as the original estimate, the benefits they offer are so expansive that I am writing this thread on asteroid mining on the basic assumption that we have built at least one to get crap to and from LEO, drastically reducing launch costs.
That being said, let's talk important shit. Let's talk:
ASTEROID MINING
If you've never heard of it, I highly recommend watching Kurzgesagt's video on the subject and also the SFIA with Isaac Arthur episode on it. It's really fascinating stuff.
We apes need to get ourselves in the industry and start mining the shit out of some space rocks not only because we'll need off-world materials to build colonies in orbit and around other planets, which I imagine if you're reading this thread you're already down for in the first place, but for a much more important, much more down-to-earth reason: politics. Basically, we need to go off-world to mine rare-earth minerals from asteroids because people down here on the Earth are dicks and controlling the industry for their own benefit. And we apes can, with our collectively put together pile of sweet and delicious MOASS tendies, and should, specifically to keep governments and other shitty corporations from getting their greedy little hands all over them and abusing other people through artificial resource scarcity.
The things are worth tens of trillions of dollars apiece. No, seriously.
With our sweet delicious tendies with sides of Szechuan sauce, we can ensure the human race will have a near limitless supply of rare-earth metals that will last bare minimum thousands of years. In today's episode of [
... keep reading on reddit ➡
(TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D)
Defense Metals have announced the results of its Preliminary Economic Assessment (PEA) and updated mineral resource estimate for the development of its Wicheeda Rare Earth Element (REE) deposit located in British Columbia, Canada.
Financials:
- The project has a pre-tax NPV of $765 million, and after-tax NPV of $512 million, at 8% discount rate
- The pre-tax IRR is 20%, and the after-tax IRR is 16%
- Initial capital expenditures are $461 million
- The capital payback is 5 years from start of production
- Operating costs average $137 million per year over a 16-year life of mine
- Revenues average $397 million per year from sale of REE mineral concentrate (years 1-4) and mixed REE hydrometallurgical precipitate (years 5-16)
- Operating margin of 65.2%
Mineral Resources Estimate:
- 5.0 million tonne Indicated Mineral Resource, averaging 2.95% TREO (Total Rare Earth Oxide: CeO2, La2O3, Nd2O3, Pr6O11, Sm2O3, Eu2O3, Gd2O3, Tb4O7, Dy2O3 and Ho2O3) and a 29.5 million tonne Inferred Mineral Resource, averaging 1.83% TREO
- Average annual REO production of 25,423 tonnes
Craig Taylor, CEO of Defense Metals, stated: "We are pleased to have delivered a positive PEA for the Wicheeda REE Project that has the potential to be one of the top REE projects in the world. The Wicheeda Project demonstrates robust economics and relatively low initial CAPEX via a staged development scenario that provides the flexibility to capitalize on forecast REE demand pressure."
The Wicheeda deposit will be mined as a conventional open pit operation. In-pit haulage for both mill feed and waste will be by 65 tonne haulage trucks. Mill feed will be mined in six-metre benches and hauled to the crusher close to the pit rim. Crushed mill feed will be conveyed to the flotation mill.
Waste rock will be mined and hauled to an on-site rock storage facility as well as to the tailings storage facility (TSF) for embankment construction.
Full report: https://finance.yahoo.com/news/defense-metals-announces-positive-preliminary-133000924.html
This is not financial advice.
Groundbreaking science in 15 minutes! Argonne National Laboratory’s Allison Bennett Irion will show how her team can block threats to supplies of rare earth minerals using supercomputers. This webinar is free. bit.ly/3BsjVy9
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Hi, I am looking to buy rare earth minerals for a US processing firm that's involved in engineering. Will pay on a per ton basis. Cheers!
https://www.youtube.com/watch?v=Gphi1_teI2U
- 90% of REM processed in China
- Used in iPhones, EVs, Computers, Military Air Craft, Consumer Appliances
- Biggest Global Market for those products is U.S
Market Dominant Processor, World's Largest Consumer
Powerful reasons why there may be "huff & puff" but will be accommodation between U.S & China
JMHO DYODD
