Mining activities on the Moon appears to become a fast-approaching reality as U.S. astronomers reported last week the likely presence of titanium ore on the lone Earth's natural satellite, with reserves rich enough to encourage man in establishing a mine colony. (Click here for full article: http://au.ibtimes.com/articles/227901/20111010/report-rich-titanium-ore-reserves-on-moon-could-warrant-lunar-mining.htm )
Business magazines and twitter are abuzz that Baupost will be completing the purchase of the moon within the week and will begin mining activities within the year.
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An unnamed spokesperson, pictured at left stated that from a client portfolio persective it makes sense. "There is virtually no regulatory regime in place on the moon, so the proponent can start mining the moon for everything it is worth immediately on landing. We have also noted there are very few people living on the moon so there will be few public expectations to manage. We find in that respect, the moon is very similar to Melancthon Township." (Source unconfirmed)
On an unrelated note, neighbours in the posh neighbourhood of Chestnut Hill Boston have complained to City officials about some sort of illegal use and construction going on at this property:
(http://virtualglobetrotting.com/map/seth-klarmans-house/)
Satellite sources show the new structure appears to be this:
BE SURE TO RATE THE SITE THAT GIVES US THE BIRDS EYE VIEW OF SETH'S HOUSE. HELPS THEM WITH WHAT THEY ARE DOING.
Well, this just doesn't make any sense. Baupost seems to enjoy turning farmland into lunar landscapes, so the moon doesn't seem like much of a challenge for old Seth. What fun is mining for titanium if you can't ravage a beautiful landscape first??
ReplyDeleteI do hope Seth Klarman reads your blog, you have excelled yourself with this one, it's hilarious.
ReplyDeleteI would LOVE to moon Klarman.
ReplyDelete