Bullboard - Stock Discussion Forum 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... see more

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TSXV:GIGA - Post Discussion

Giga Metals Corp. > why no update on PEA and new results yet?

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Post by mingzhu on Oct 08, 2020 1:34pm

why no update on PEA and new results yet?

"The improvement in recoveries is significant enough that we have decided to suspend work on the Preliminary Economic Assessment (PEA) while confirmatory metallurgical test work, including locked-cycle tests, is completed." said Mr. Vydra. "The new results will be included in the PEA, and completion is now expected late in the second quarter."
https://stockhouse.com/news/press-releases/2020/02/12/increased-metallurgical-recoveries-being-incorporated-into-preliminary-economic

now it is fourth quarter.

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Comment by NickelShill on Oct 08, 2020 1:41pm

Because the results will be lacklustre and management would rather ride the wave of hype and dreams than publically quantify that Turnagain doesn't even break even until ~$8-9/lb nickel. Nickel sulphide deposits are a dime a dozen. This company is fundamentally a nothingburger.

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Comment by mingzhu on Oct 08, 2020 1:56pm

can you support the statement "Turnagain doesn't even break even until ~$8-9/lb nickel"?

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Comment by NickelShill on Oct 08, 2020 2:15pm

Not substantively. Last year I created a discounted cash flow model for FPX Nickel, to get a feel for the economics of their Baptiste deposit, and concluded that $6/lb was the break-even price for that project. The PEA they recently released showed that my figures were in the right ballpark, albeit a touch conservative. That said, the flow sheet for Turnagain is more complicated than that for ...more

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Comment by LI33VESTREAM on Oct 08, 2020 2:29pm

This post has been removed in accordance with Community Policy

Comment by mingzhu on Oct 08, 2020 2:31pm

thank you, it is vey rpfessional analysis.

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Comment by Shrtsqz on Oct 08, 2020 4:19pm

I don't think Giga will even break ground until Nickel reaches $8 plus, but I don't think it will take long to get there.

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Comment by Shrtsqz on Oct 08, 2020 1:59pm

$5 Billion seized from Vale by Brazil https://www.thesudburystar.com/news/local-news/brazil-state-seeks-4-8-billion-vale-asset-freeze-over-dam-disaster

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