Giga Metals Corp. V.GIGA.WT.A

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

Metals & Mining Industrial Metals & Minerals

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.

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Giga Metals Corp. > PEA Finally...

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Comment by NickelShillon Oct 28, 2020 1:25am

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Post# 31793891

RE:PEA Finally...

These numbers are really, really bad.

6.3% pre-tax IRR barely matches inflation, after tax, on a multi-billion capital outlay. Compare this with a 22.5% pre-tax IRR for FPX Nickel's recent PEA, which also has the potential added upsides of iron ore byproduct and additional ore bodies.

Did they just release this on SEDAR with no news announcement because it's manifestly obvious that it's dogshit but they had to do something because it was half a year overdue?

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