I'd like to apologize for my overly-sarcastic tone before. I've gotten too acustomed to people talking about things they know nothing about. I'll have to admit I'm probably one of the worst at that....
I'm addressing this first because it's a key point in understanding where I'm coming from. I'm an engineer. I know there is a huge, HUGE gap between a few prototypes and scientific papers and a commercial device. When I say the technology isn't there, I don't mean 3D printers don't exist, for example. Show me a 3D printer that is capable of producing sturdy, durable mining equipment.
Much along the lines of above, prototypes in these fields do not equate to a system that could be used for asteroid mining, nor would earthbound mining equipment necessarily be optimized for use in space.
A 3D printer would not have to produce sturdy, durable mining equipment in outer space. Take, for example, how you could build a smelter in outer space. I know a smelter isn't really 'mining' equipment, per se, but the example illustrates some principles.
You could construct a very efficient smelter in outer space consisting of aluminum or other metallic foils. It would just be a box that you float ore into and use the foil to direct and intensify sunlight onto the oar and melt it. It would need no structural supports as their is no gravity. It could literally be just a foil box without even a power source aside from the sun.
Similarly, magnetic rakes consisting of thin wires could be used to attract iron and iron-loving (there's a technical term for this that I can't remember) ores directly off the surface. Because asteroids do not have the gravity to differentiate into crust, mantle and core, the minerals are 'mixed in' with the regolith fairly evenly. Such magnetic rakes would not need to be massive structures as they would have to support a negligable weight in an asteroids gravity. They could also be powered by the sun, as the smelter I talked about. Or, you could concievably use a light weight nuclear weapon to crack the asteroid open. There is no good reason why this would be unnacceptable in outer space, far from the earth.
I posted the link to mining equipment as an obnoxious and sarcastic response. Obviously earth mining equipment would be very poorly suited to an asteroidal environment. It would also be overkill. You wouldn't need the kinds of heavy-duty stuff needed on earth. A 3D printer could easily (IMHO) be made to fabricate sheets of metal or metalic wires. It also could fabricate individual components for more complicated machines.
Proper design could create machines made of simple components, easily assembled by another robot. Again, none of the components have to be big, bulky or even that complicated because the environment of space negates much of that need. Certain materials (like computer chips) would need to be imported until 3D printing improves, but you would want to design your mining equipment in such a way as to minimize imported parts.
This is the
article I found on Google, from 2002 I know, to verify my numbers. I'm well aware the shuttle was more expensive, I was giving the inexpensive Russian/Chinese numbers as a rough lower bound for what exists today.
So, that aside, how much does mining equipment weigh? And the necessary fuel to transport the equipment to the asteroid belt? And the return vehicles, which are presumably separate from the mine so you don't ship the mining equipment back and forth needlessly? What's the launch cost for all that?
I've talked about mining equipment. I've also mentioned that you need not necessarily bring all of your mining equipment to the asteroid belt. You bring only essential inputs and start up equipment and build the rest on site. Why send a space buldozer when you can build a simple space rake that could do the job?
Return vehicles need be nothing more than a rocket engine and a fuel tank. The rest of the structure to hold the mined ores could be forged from asteroid regolith and the fuel itself would come from ice on the asteroid. For the sake of argument, I'll just agree that you probably will have to send the engine and the fuel tank.
But you don't need a large engine or even a large fuel tank. You could get by with an ion engine that slowly pushes the cargo closer to Earth where it can be intercepted by astronauts based at the ISS, or one of Bigelows transhab modules. Alternatively, you could use small conventional rockets, which coupled with the high specific impulse of oxygen and hydrogen fuels could put a large cargo in a transfer orbit.
Some of the criticism I had was already mentioned in the article, including the high cost of space travel, the economics is ridiculously not in favor of any sort of asteroid mining, and the market-crash effect (which I was going to write about, but since it's already in your source I assume you have seen it)
I actually did mention the market crash effect in an earlier post. If managed correctly, it is not necessarily a bad thing. It would be folly to just unload a megaton of gold you mined all at once. But a long term trend that pushes down the cost of precious metals would be a very good thing.
Aluminum used to be considered the most valuable element. Napoleon would have his most favored guests dine with aluminum forks. The rest of the nobles only got gold as it was less expensive and 'fancy'. Imagine all of the uses that precious metals and rare-earths have. We are currently forced to pay out of the wazzoo for products using them or are forced to use inferior substitutes. A market crash caused by an abundance of the resources would actually be good for both consumers and producers.
Eric Anderson of Planetary Resources talked in length about this in this very enlightening interview:
http://www.npr.org/2012/04/27/151534933/mining-quarries-millions-of-miles-from-earth. If you ignore everything else I've said, I would still suggest you listen to this interview. It's very interesting and informative.
As for the economics of the venture in general, well it may not work out. A lot of businesses don't. But I don't think all of the billionaires backing the company would be doing so if there wasn't a strong business case. The technology of the aerospace industry is changing dramatically (even compared to 2002) as the free market kicks in, costs will come down through true competition. We have not head true competition before - this is duly reflected in current launch costs.
Sweet telescope land I will give you, I completely forgot about that. Though I do not envy the guys who have to figure out how to deal with all that toxic moon dust.
I second that. Lunar regolith is terrible, as is Martian regolith. We will have to figure out a good way of dealing with that stuff if we ever want to live there for sure.
Oh, construction in zero g and in orbit has huge advantages for sure. My point is that it's not much of a near term goal. We essentially need space-sourced materials if we're ever going to build a factory capable of producing useful stuff.
We
are going to need a factory in space. But early ones do not necessarily have to be built with space sourced materials - though that will be preferrable long term. See the link to Bigelow Aerospace that I provided above. They are perfecting a NASA - derived transhab module to serve as basically a building for people to use as factories, research outposts, hotels or anything you want. They've put two test beds in orbit. Others will follow, and other companies are going to start competing with them in the short-term. All of the things we've been talking about seem super far-fetched, but it is literally around the corner. The free market is beginning to kick in in a big way when it comes to the exploitation of space.
I had much more to say but this is turning into a thesis, lol. My apologies if it's tl;dr