A $20 Trillion Rock That Could Turn a Startup Into Earth’s Richest Company

Re:A $20 Trillion Rock That Could Turn a Startup Into Earth’... by havemurci on Friday April 27, 2012 @02:20AM (#3897824)

It's a cute concept, but apparently the visionaries have little sense of supply and demand. The high prices on rare earth metals are dependent on their extreme scarcity. If the supply is bolstered (in this case, to the tune of $20,000,000,000,000), the selling price will decrease. It's simple economics.

I'm not saying it's anything but amazing. However, if the founders think they're going to get today's prices for every last ounce, as the article seems to imply, they are in for a realization.

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Re:A $20 Trillion Rock That Could Turn a Startup Into Earth’... by tspiteri on Friday April 27, 2012 @03:21AM (#3897991)

Oh I think the visionaries do know about all that, after all, they do know a bit about how money works at large scales. I'd be really surprised if they are in for that realization.

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Re:A $20 Trillion Rock That Could Turn a Startup Into Earth’... by Tipzntrix on Friday April 27, 2012 @11:33AM (#3899504)

I really think it's just the article authors that are trying to hype this innovation up too much. I doubt the actual CEO is going around presenting this potential revenue to investors if he wants to be taken seriously.

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Re:A $20 Trillion Rock That Could Turn a Startup Into Earth’... by tlrobinson on Friday April 27, 2012 @12:29PM (#3899817)

“There are $20 trillion checks up there waiting to be cashed,”

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Re:A $20 Trillion Rock That Could Turn a Startup Into Earth’... by Tipzntrix on Friday April 27, 2012 @01:35PM (#3900168)

mmm. You're right. I wonder how much he believes that himself.

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Re:A $20 Trillion Rock That Could Turn a Startup Into Earth’... by RandallBrown on Friday April 27, 2012 @08:05PM (#3901572)

he doesn't. It's just a great quote to give to journalists.

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