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Giga Metals Corp. V.GIGA.WT.A


Primary Symbol: V.GIGA Alternate Symbol(s):  GIGGF

Giga Metals Corporation is a Canada-based company, which is engaged in the acquisition and exploration of mineral properties in Canada. The Company’s core asset is the Turnagain Project, located in northern British Columbia, which contains one of the few undeveloped sulfides nickel and cobalt resources. The Turnagain property lies immediately north of the Turnagain River near its confluence with Hard Creek, 65 kilometers east of the community of Dease Lake. The Turnagain Nickel property consists of approximately 71 claims that covers approximately 38,681 hectares. The Turnagain Nickel property covers the known extent of a zoned, Alaskan-type ultramafic intrusive complex in fault contact with Paleozoic to Early Mesozoic graphitic sedimentary rocks along its northern and eastern margins.


TSXV:GIGA - Post by User

Comment by Rm90090on Oct 16, 2020 9:47pm
150 Views
Post# 31733365

RE:RE:RE:RE:RE:RE:RE:RE:RE:Is this stock dead

RE:RE:RE:RE:RE:RE:RE:RE:RE:Is this stock deadYou have some good points - and I agree that those companies that you mentioned look promising for sure. I also agree that there are red flags with the company. The PEA seems to have been promised for awhile but hasn't materialized yet.

I don't think we need a company to go into production for the stock price to pay off though. Giga would most likely look to sign a deal with a large company (such as Car manufacturers and battery providers) in order to fund the fee study and permitting needed to get the mine ready for production. The signing of that deal would be major news and could have a decent effect on the sp. We have already seen the effect that a rumour of the company TALKING with Tesla had. An actual deal could be a large effect. Due to the large size of the deposit, I wonder if larger companies would be more attracted to Giga.

No Nicke company would start production until the price is above 8-9$ a pound. So other companies may be closer to production than Giga, but they have to be at a standstill until the price rises. This gives companies like Giga time to catch up while others that are closer have to stand pat.

Anyways, I actually think you can't really go wrong with any Sulphide Nickel company at the moment. That is unless new innovation of a batter without Nickel is available at a large scale within the next 5-8 years.

just my two cents. Glta 
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