Gungnir Resources Inc V.GUG

Real Facts. Older Post But Still Relevant.

[Goldy63]

Subject:

GUG .Real Facts .

currycurrycurry (0)
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30 minutes ago
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Post# 33919536
Some real facts if you're new to the stock.
And if you're long and bullish, help out by liking this post so its easier to sort it out from the blizzard of noise this bullboard offers.

Share price has gone up 350% from 0.05 cents to 0.22 cents in one month thanks to three PRs covering jut 1.5 holes out of 15 whereas 5.5 of these holes are in the labs with reports imminent. Current plan is 15 drill holes covering a strike length of approximately 140 metres. 350% rise in share price might sound a lot, do you think it's going down? Think again.

Northvolt is right now building the biggest battery-factory in Europe located in Skelleftea, a 35 minutes car ride from Gungnirs resource Lappvattnet. Coincidence? So far it's been quiet about collaborations between Nortvolt and Gungnir but surely they're aware of each other's presence. Sure is safe to say that a joint venture between the two would be convenient for both parties considering the proximity. The area where Lappvattnet and Northvolt is located is also surrounded by smelters: Good neighbours, wanna barbeque?
Mine metals, smelt em and make batteries, all in your own backyard. Wouldn't it be super, duper convenient?

Example: September 2007, $NOT Noront Resources released two nickel intercepts from shallow drilling between 80 metres and 150 metres deep, with a section of 71 metres grading 1.8% nickel and 1.5% copper. The stock moved from $0.80 to $4.00.
To have a closer look at what high grades of nickel drill results looks like here’s a good guide. So far gungnir is between medium and high grade just like Noront, a really strong grade for a nickel junior:Read how good a nickel drill result is.

A simple conservative valuation calculation on $GUG. 177 million pounds of Nickel X $9.18US or $11.61CAN = $2.05B Use a 3% for resource in ground value = $61.6M divide by the shares outstanding of 107M = $0.58 per share.
This value does not include the increase of the resource based on the latest or near term upcoming results or $GUG's other prospective property.

Drill Hole LAP21-05 Highlights:
2.62% Ni over 5.65 metres within a 14.00 metre interval grading 1.40% Ni
Peak of 6.67% Ni over 0.65 metres
High-grade Nickel intercept less than 60 metres below surface

Drill Hole LAP21-02 Highlights:
3.19% Ni over 4.25 metres within 10.4 metre interval grading 1.51% Ni
Peak of 7.38% Ni over 0.25 metres; highest nickel assay reported at Lappvattnet
High-grade Nickel intercept 30 metres below surface

Close to the surface, subject to open pit mining. To compare this to another junior explorer. $GGI Garibaldi Resources delivered similar results from drilling 2017 and in three months they skyrocketed from 0.17 cents to 5 dollars. Garibaldi resources deposit was on top of a mountain though, nowhere near infrastructure. Gungnirs resource Lappvattnet is in the middle of everything with roads, powerlines, other mines etc. Looking at the shallow depths they’re striking with good grades, open pit mining could be a viable option here.

Speculation: Northvolt, Europe's biggest battery factory is a 35 minutes car ride away. The world needs more nickel mines to produce for the upcoming EV-boom and whatever needs a battery to run in the future. Elon musk is saying: “Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way.” We’re very early on but I believe it’s safe to say gungnir got the goods to make big players turn their heads. Sweden is a country that fit the bill for Mr Musks environmental concerns.
Musk and the nickel situation.

Nickel price is rising:
Yepp, prices are going up. Super cykle on it's way?

So, If I were to invest. I have two options. Either I go bull and strongly believe the rest of the 13,5 holes will produce OK or high grades as well. Or I go bear, short the sh*t out of it and pray the rest of the holes are just cr*p, the first analysis was a fluke and 350% is max for this stock. You know what, I go BBB, Big, Bad and f*c*ing Bullish. Period.

So far they've given three PRs in September, five or six days in between. September 21 we got our last juicy drill result. For the upcoming weeks I’m making sure I’m not on the sidelines trying to swing the stock. There’s been very small pullbacks on really big volume in between the hikes north cause everything the flippers and daytraders throw at it keep getting gobbled up by fresh hands eager to hold the Gungnir.

Jari Paakki, chief executive officer, commented: "Clearly we are in a very nickel-rich system and have an opportunity to define further high-grade nickel shoots and to build upon our 2020 nickel resource. With hole LAP21-02 we have already identified nickel mineralization outside of the current resource block with the high-grade nickel intercept at just 30 metres below surface. Near-surface drilling continues at Lappvattnet and we look forward to reporting further results over the next several weeks."
[url=https://ceo.ca/@accesswire/gungnir-drills-738-nickel-within-425-metres-grading]Bonanza: 7.38% Nickel Within 4.25 Metres Grading 3.19% Nickel[/url]

If you're still here I’ll give you a last piece to nibble away at before you sleep on it til monday. Or if you decided to go short, something to sweat over a little bit more if you managed to stick around to this point.
To sum it up.

Oh, sidenote, on the technical side we’ve just passed the golden cross!

Stop by, give your computer screen a high five and say they rock.
www.gungnirresources.com