Giga Metals Corp. V.GIGA

Alternate Symbol(s): V.GIGA.WT.A | 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.

TSXV:GIGA - Post by User

Giga Metals Corp.

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Comment by Fierzeon Aug 30, 2019 6:05pm

108 Views

Post# 30084970

RE:netpresentvalue of 2,8 Billion Dollar if nickel goes up 50%

Yes. This is a monster.

And actually, GIGA's corporate presentation indicates that the NPV is already significant at these levels. With nickel at today's $8,14/lb, the company's own current financial model and 8% discount rate indicates an after-tax NPV of somewhere around $1,05 billion.

The after-tax NPV increased by about $300 million today alone. Yes, you read that right. The NPV just increased by US$300 million IN ONE DAY.

And then compare that to the current market cap of 17 million CAD.
The market cap is currently around 1,2% of the after-tax NPV and 0,7% of the pre-tax NPV.
And that is after the 26% move we saw today.

So yes indeed. This is a monster.

Bullboard Posts

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