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Gungnir Resources Inc V.GUG

Alternate Symbol(s):  ASWRF

Gungnir Resources Inc. is a Canadian mineral exploration company with gold and base metal projects in northern Sweden. The Company’s assets include two nickel-copper-cobalt deposits, Lappvattnet and Rormyrberget, both with updated nickel resources, and the Knaften-Hemberget project, which hosts a developing intrusion-hosted gold system, VMS-style mineralization, copper-nickel targets, and disseminated felsic volcanic breccia-hosted gold boulders all of which are open for expansion and further discovery. The Lappvattnet and Rormyrberget nickel deposits are located along the Nickel Line in the eastern part of the Vasterbotten District, approximately 60 kilometers (km) and 100 km, respectively, east of the Company’s Knaften gold exploration project. The Knaften project is situated at the south end of a regional structure known as the Gold Line. Hemberget is located approximately six km north of the Knaften project within the broader Gold Line along with Knaften.


TSXV:GUG - Post by User

Bullboard Posts
Post by liquorcon Sep 22, 2012 11:56am
279 Views
Post# 20400402

What happened on Friday

What happened on Friday

600k shares, bounced from .02 to 055 . back to .035 at the close. seems odd. maybe the $1800 price will spur interest. after all the mine is basically set to go. with 2 or 3 million in front money, mining in a year is possible. say 15 oz/yr at cash cost of 400,  15mm to the bottom line, say even 10mm or a nickel/sh. 25 cents is a remote possibility. on the other hand maybe deep pockets is assessing the property for a buyout. or maybe the overhang has disappeared. any guesses?

Bullboard Posts