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Re: supermegadope post# 139221

Wednesday, 04/16/2014 9:42:55 PM

Wednesday, April 16, 2014 9:42:55 PM

Post# of 165851
What's $36 Billion * 230/65? Because that's just the first 200 meters of depth. That's Resource World article from 2009 keevil quoted estimate for SE zone + hawke estimate*holes78,79,80 not incl. In hawke estimate.

I just watched a show "What's the Earth Worth?" Tonight on H2. They essentially use the in situ value of all of the Earth's resources to come up with a figure. In situ value is an accepted concept for coming up with a ballpark estimate for the value of something. I don't get why it seems to be perceived to be an alien construct here.

The in situ value of Nio-Star is well into the multi billions, if not trillions.

Of course, this doesn't account for recovery rates, extraction costs, etc but can provide a rough idea of worth.