Not true at all. Kinetic projectiles would have no guidance system. It's just a big, dumb piece of tungsten. That's it. You would have to hit it hard enough to make sure that, when it hits, it won't cause damage. This means near complete vaporization. That's very energy intensive.
Ballistic missiles, however, simply need to have their payload exploded at almost any distance away from the target to reduce its power to near nothingness.
> If there is large-scale asteroid mining in my lifetime then I'll eat my hat.
Not sure how old you are but if you're under 40 and not planning on dying sooner than average then, in my opinion, you should start looking up hat recipes :D. At least I hope but it depends because the primary customer for asteroid mining is going to be space companies and government agencies like NASA. A disruptive political system that prevents said purchases could hamper progress significantly.
As for asteroid mining, hope doesn't count for anything. There is no shortage of essential raw materials here on Earth. No one is going to commit the hundreds of billion $ necessary to do it on more than a trial basis. There's simply no economic incentive nor is there political will to spend that money. Sorry to burst your bubble.
Space enthusiasts constantly underestimate costs and schedules. Just because something is theoretically possible doesn't mean that the engineering problems can be solved in an economical way. If there is large-scale asteroid mining in my lifetime then I'll eat my hat.