Gungnir Resources Inc V.GUG

Alternate Symbol(s): ASWRF

Metals & Mining Industrial Metals & Minerals

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.

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Gungnir Resources Inc > Global nickel inventories have been falling since June 2021

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Comment by CrazyPropheton Mar 04, 2022 7:56am

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RE: Global nickel inventories have been falling since June 2021

CrazyProphet wrote: Given the current price/inventory situation, I would expect nickel metal prices to be c.50% higher than they already are.
If nickel exchange inventories continue to fall then prices should move materially higher, and fast. It’s not unrealistic, in my view, that battery grade nickel prices could double from current levels.

Just the start of a long sustained move higher ! A lot of demand coming and not a lot of Euro Nickel juniors sounds like a recipe for success !!!

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