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Bullboard - Stock Discussion Forum 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... see more

TSXV:GUG - Post Discussion

Gungnir Resources Inc > This will be a regular repost of antacids for shorts !
View:
Post by CrazyProphet on Jan 01, 2022 12:37pm

This will be a regular repost of antacids for shorts !

Blackstone shelved the projects due to the major collapse in the price of nickel in 2007 through 2009. The permits were finally cancelled by the Swedish mining authority and both deposits came open for staking, and Gungnir quickly submitted applications to acquire both deposits in 2015. Jarri worked for Blackstone so knew these claims very well ! As for Lundin they did not get back into Nickel it appears till 2013 when they acquired a NA project that was a lot closer to production !

DEMAND !
The nickel market is a US$20+ billion per year industry. Today’s market is dominated by stainless steel with over two thirds of total production used in its production. However, nickel is a critical component in new battery technology used in electric vehicles. This section of the market is forecast to grow significantly over the coming years, and will reshape the nickel industry over the coming decades.


Comment by Froglllllllegs on Jan 01, 2022 12:43pm
This post has been removed in accordance with Community Policy
Comment by CriticalMind55 on Jan 01, 2022 1:56pm
What make s you think GUG will be doing the mining? once all reserves are evaluated, GUG can be sold for the mineral rights and license for a very heft premium.  Read Goldy63's posts, he is hinting who would buy them out... Long GUG!
Comment by gossamer3 on Jan 01, 2022 3:03pm
This post has been removed in accordance with Community Policy
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