The particular conversation was about shipping the helium to earth for use, but I digress.No, sorry, it wasn't, given that the topic is titled "Polywell on the Moon?". Oh well. Assuming Polywell on the Earth, I agree with your statements 100%. Smile
As for mining metals, there's also the fact that some asteroids are estimated to have much higher concentrations of the metals than we find here on earth. Metals like gold will probably come in pure hunks, much like on earth, just bigger. Platinum might be in higher concentrations than we think.
Iron is plenty useful too. You can probably do 3/4 of the smelting in space, leaving large hunks of the specified alloy to pick up. Drop them in a shallow part of the ocean, and pick up with a magnetic crane. It would also be useful in space--one of the reasons we're so sensitive about weight is that mass=money, and we're trying to keep costs down. Building the next generation of space stations from iron mined in space would probably be much cheaper than using exotic lightweight materials shipped from earth. You'd still have a mass budget for a space shuttle, but anything that's not trying to go up and down gravity wells would not have nearly as much concern about what it's made of.