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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

Post by Goldy63on Jan 27, 2022 3:30pm
104 Views
Post# 34368172

Like The Article Says Troll You dont Need a PH.D

Like The Article Says Troll You dont Need a PH.DExcellent read . Cheers longs.(Quote) As the electric vehicle (EV) market continues to grow, renewable energy and minerals associated to it such as copper, nickel and cobalt, are increasing in price The current market for EVs has yet to be sizeable as battery improvements continue to develop, however the sector can accelerate worldwide electrification British Columbia and Nevada have significant nickel deposits with B.C. being host to multiple operating mines with experienced teams As recently reported in the Financial Post on January 28, 2021, journalist Peter Tertzakian writes an in-depth article entitled, Another commodity super cycle is coming this time driven by renewable energy and EVs. The article explains that the transition to a global electrified clean energy economy is going to result in a monumental draw on metals and minerals from the earth's crust. Notably, prices of copper, nickel, cobalt, platinum and rare earth elements are all inflating as electric vehicles and the wider electrification trend starts pulling on constrained resources. With dozens of electric vehicle manufacturers at various stages of development around the world, EV car sales volumes are predicted to substantially increase. Here, Tesla Inc. is the clear EV market leader with over 500,000 vehicles sold last year alone, and with notification of companies like Volkswagen AG, BMW, and General Motors Co. devoting billions to EV design and manufacturing, the market is expected to accelerate considerably by mid-decade. Upstart and established car companies are collectively raising billions of dollars to roll out new models. Expectations for EV sales are at all-time highs, and now those expectations are impacting the resource sector, leading to investment analysts speaking openly about a forthcoming commodity super cycle. This is starting to happen, even though current EV sales have not yet achieved a sizable market share of overall car sales, due to the fact that improvements in battery storage technologies have created an acceleration to the overall electrification of the global economy. Furthermore, the resource world doesnt move nearly as fast as the technology world, which is why commodity value is now chasing technology value. And the larger lesson is that the new economy cant go anywhere without the old. You dont need a PhD in Economics to realize that the transition to an electrified clean energy economy is going to result in a surge in demand for additional metals and minerals from the earths crust. It is going to result in dramatic metal commodity price increases. In the past few months, rising commodity prices are a wake-up call to that reality. Embedded Image LME nickel futures were trading around $18,000 per tonne in February, not far from a six-year high of $18,244 touched in January.
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