From the OP: "You are right that space travel is costly, but less costly now that SpaceX has developed the ability to recover their first stage boosters and reuse them."
Exactly! 64 tonnes to low earth orbit for under $90 million. That's $1.4 million per tonne. Construction cost $2.3 million per tonne. These are radical reductions in the cost of space lift, especially for this sized payload.
"The first two shipments of SpaceGold just landed, valued at over 177M SGOLD."[/center]
Not really. This is the recovery of the Falcon Heavy Boosters. NOT throwing them away permits SpaceX to compete at far lower prices with major space launch providers AND make more profit! SpaceX has about 45% market share now in the space launch business. Compare ULA's Delta Heavy's payload with its cost and you can see the difference.
Definitive proof that we're currently mining asteroids for gold
VVVNo, landing boosters doesn't prove that we've flown to asteroids and retrieved material. The twenty-one missions that flew to asteroids prove we know how to fly to asteroids and retrieve material! lol.
https://en.wikipedia.org/wiki/List_of_missions_to_minor_planetsI thought I was responding to the post you made where you asked two important questions, that deserve answers;
(1) Why don't I invest in the companies themselves? A: Because investing directly means you're investing in a particular company's stock and no other, and are dependent on their management's ability to generate a profit using whatever technology they're working on and their willingness to share it with shareholders. Shareholders come last in the list of beneficiaries. Customers come first. Employees second. Creditors third. Shareholders and other stakeholders, fourth.
SGOLD is a commodity contract with definite well defined delivery. Buyers are literally agreeing to buy gold refined and returned from space and providing funds to the entire industry to do just that! Those commodity commodity contracts are aggregated and give SGOLD the means to arrange production with qualified vendors. This diversifies risk as well.
Some qualified companies have no clear plan for asteroid mining yet, and are admittedly R&D efforts. These efforts may fail. This suppresses their value going forward.
SGOLD has a proven automated solar powered technique for extracting and refining regolith using solar pumped laser light and is willing to sponsor missions with qualified vendors using this method, or a recovery and refining method they might develop.
SGOLD hires companies and loan the project necessary funds needed to fulfill the sponsored mission using a project finance model. Vendors will build, test, launch and operate satellites at cost, and share in the project revenue from delivery of gold to SGOLD.
SGOLD receives a performance guarantee in the form of a performance bond or stock swap option in the event of non performance from Vendors in order to receive the order for gold.
The ability to swap loan obligation to SGOLD for stock for money on loan and added funds that are used to refly or correct a failed mission (in the event of launcher failure for example) gives the holders of SGOLD exposure to stock gain since options are based on today's prices.
SGOLD holders stand first in the revenue stream, and their benefit is well defined. Stocks are not. SGOLD is a commodity contract for a portion of the output of space mines SGOLD arranges to build with qualified vendors. Only 66% of the SGOLD revenue need be spent on these missions to achieve the underlying revenue stream called for and only 55% of the retrieved gold need be used to satisfy the obligations of the contract.
This means that if SGOLD flies say 12 mining satellites, they will have the resources to refly up to 4, and if only 5 of the 9 meet targeted production rates, ALL SGOLD holders have their contracts met. The revenue earned from delivery of those SGOLD contracts is sufficient to fly additional satellites with the highest performing vendors.
SGOLD is a token that may be traded like any other you cannot do that with stocks.
(2) Investors have to wait 20 years for return?No, SGOLD holders are ordering 20 years of gold production from automated space mines, recognising the risks. Delivery occurs every month after return of the first capsule. 0.1 troy ounce minimum deliverable quantity.
Mining engines will operate very much like communications satellites. All the money is spent developing testing and launching the satellite, and then the satellite operates without further assistance automatically powered by solar energy for decades.
SGOLD contracts will be put together and project missions will be sponsored with qualified vendors using proven recovery techniques.
SGOLD holders are customers that are making space mining happen. They stand ahead of everyone else in the projects and their risk is diversified across all the projects with performance guaranteed by the vendors.
Each SGOLD is a contract to buy 1 milligram of gold per month from a space mine at 25% of the London Precious Metal Market price at time of delivery, for 240 months of production.
Each SGOLD costs 0.0041 eth and returns 1 milligram per month for 240 months, altogether worth 0.07292 eth by paying over 240 months a total of 0.01823 at time of delivery - netting a gain of 0.05469 eth for each 0.0041 eth SGOLD token. A substantial gain of 1,330% over the period.
Each tile produced in space has an embedded RFID which is put in the blockchain at time of manufacture, and will likely sell at a premium to commodity gold, regardless of the prices here.
Furthermore, should the ownership of gold bullion become restricted at some point in the future, as it was in the USA prior to 1972, SGOLD will argue that given its unique source it should be excluded from confiscation. In the worst situation reserves can be held off world until conditions change or landed in a nation that will not confiscate SGOLD physical. SGOLD gives buyers options terrestrial mining does not.
Each SGOLD Physical tile is 10.5 mm x 20.2 mm x 0.76 mm tile masses 0.1 troy ounce and is worth 0.9450 eth at today's prices.
To get one tile each month requires the purchase of 3110 SGOLD at 12.75 eth and returns 240 monthly deliveries of 0.1 troy ounce of gold worth 0.9450 eth with the payment of 0.26325 eth. A total of 24 troy ounces from space worth 226.8 eth over the contract period at today's prices. Obviously both eth and gold are hedges against inflation or financial black swan events.
Hey, thanks, bud. My bad, for I truly thought that those were shipments of gold from the asteroids.
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