RE:RE:RE:Updated Prospectus on Giga Metals Website dated October 2020If you beleive in the future demand of Sulphide Nickel then it really isn't about competing projects. All in North America should do well. It seems that it is just a matter of each project finding the right dance partner depending on the company's needs.
For me the question is when will we start seeing Nickel deals starting to be signed. With Lithium deals now being inked (Lithium America and Piedmont), is nickel next?
For me the question isn't which project is closest to production because the shortage isn't now. The shortage is expected in 2023 onwards. However, companies like Tesla and Volkswagen would perhaps look to secure their future Nickel supply chain now in order to avoid huge prices in the future.
A company could come in now and purchase a portion of the project now giving them exclusive rights to future nickel. Their funding now would get Giga through the permits and fees studies and ready for production. In 2022 the demand for Nickel goes up and the price increases. Then a huge mining company like Rio Tinto or BHP could purchase GIGA (that has an established customer) amd carry out the mining. In my mind that could be Giga's exit plan.
jmo - no concrete knowledge of the situation.