According to NASA ,16 Psyche is an asteroid which is found in the asteroid belt between MARS AND JUPITER . According to a report it consists of many metals and precious substances like platinum, Gold etc(etcetera) .
According to the same report, if the iron present on 16 Psyche is brought to the Earth , each person of the current population would get even more than 9500 Crores.
According to an estimate ,the distance of the same from the earth is so much that if one wants to study by going there and coming back to explain about it ,it would as long as 17 years.
For more information…….You may watch this video.