‘Your mind will answer most questions if you learn to relax and wait for the answer.’ –William S. Burroughs

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A new company backed by two Google Inc. billionaires, film director James Cameron and other space exploration proponents is aiming high in the hunt for natural resources—with mining asteroids the possible target. (…)

The possibility of extracting raw materials such as iron and nickel from asteroids has been discussed for decades, but the cost, scientific expertise and technical prowess of fulfilling such as feat have remained an obstacle. NASA experts have projected it could cost tens of billions of dollars and take well over a decade to land astronauts on an asteroid. (…)

Earlier this month, a study by NASA scientists concluded that, for a cost of $2.6 billion, humans could use robotic spacecraft to capture a 500-ton asteroid seven meters in diameter and bring it into orbit around the moon so that it could be explored and mined. The spacecraft, using a 40-kilowatt solar-electric propulsion system, would have a flight time of between six and 10 years, and humans could accomplish this task by around 2025.

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