When talking about the influx of new capital in low grade bulk tonnage nickel deposits that we are seeing in 2024, such as the Strategic investments in Canada Nickel (TSXV:CNC ) from Samsung (KSE006400 ) and Agnico Eagle (NYSE:AEM ; TSX:AEM ) for the start of the year, Greg states, "Along the way, people doubted whether these low grade bulk tonnage type of deposits would actually become mines. But like Canada Nickel has said and I agree, 'I think it's the next generation of nickel mining. High grade nickel deposits of scale and size are just so hard to find. They're really rarities in the world. The last real major discovery was over 30 years ago at Voisey's Bay in Labrador, Newfoundland. If we're going to have this huge demand as an industry, we will have to migrate to mining lower grade bulk tonnage type deposits. The copper mining industry went through the exact same shift back in the 1950's previously. There were probably naysayers back in the 1950's when the industry migrated that way, and there are naysayers right now."
"Some say these things will never be mined, but I think they will. I think they're the next generation of nickel deposits to be mined. I don't think there's any choice really. And the real vote of confidence for Canada Nickel was the investment by Agnico Eagle Mines; a pure gold company must have been quite compelled by Canada Nickel's story."