Earlier quoted context omitted.
you should read the book delta v. The only time lunar mining makes sense is when there is a cislunar orbit economy. The delta v required to put things in orbit from the moon is a fraction of that of earth. So, if you have a vibrant manufacturing enviroment in space (Semi conductors, and other deposition methods) which space is more suited for, then the moon becomes a better place to source your materials from.
> So, if you have a vibrant manufacturing enviroment in space And how does this "vibrant manufacturing environment" get into space? How is it supplied with personnel, food, water, spare parts, etc.? Let's just focus on one component, shall we? The Moon only has 1/6th of Earths gravity, but to get stuff away from the Moon still requires a launch. That launch requires fuel. There is no fuel source on the Moon, so even…
Hydrogen and oxygen can be made from water, and methane can be made from regolith and water.
>where would this "cislunar orbit economy" find a market?
The uniform distribution of microgravity lends itself to advanced manufacturing methods that cost hundreds if not billions of dollars to replicate here on earth. soooo many of earths manufacturing methods use very expensive means of creating the vacuum that is required, that is provided free in space.
Semiconductors. Turns out here on earth the machines costs hundreds of millions of dollars to etch a wafer because of the use of various technologies to create vacums, control for foreign material, and ensure the micro etches "Stay" and the material "goes". There is a wide discussion, and multiple tests conducted on the ISS that has confirmed this. So, space may be the only way to build next-gen semi conductor tech to get us below 2nm, and a much higher yield, with much cheaper equipment. With the cost of a launch at ~100m on a falcon, the launch would be cheaper than the equipment they are sending up.
ZBLAN fiber optics, growing protein crystals, Electron Beam Physical Vapor Deposition, Regolith refining,
are all done better in space. And they will be cheaper in space, and on the moon and mars. They will be more expensive on earth due to the large gravity well.