And that's just one video game reference, let's not even get started on real life minerals, the majority of which are NOT used for "armor", mainly because this isn't the 1400's anymore, but because it's not feasible.
That's all well and good, but I think you're just arguing for the sake of it now. Yes, you'll make things other than arms and armor, but this isn't WoW. We aren't making Titansteel Bars to sell on a serverwide Auction House so we can pay for repair bills.
Skyrim is a single player experience. If we are Mining, we are doing it for ourselves, and more often than not, that will be forging pointy objects and tin suits.
Well yes, thank you for that, but if anything that only proves my point more.