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.

Bullboard Posts

Comment by Fierzeon Sep 17, 2019 3:01am

122 Views

Post# 30134064

RE:RE:RE:GIGA travelling into the .40+ range this week ?

I think a combination of factors makes this a competitive project in todays environment. Some of them are:

Size. Very few class 1 projects are larger than this.
Open pitable deposit with comparatively easy access/low road building costs etc.
World class metallurgy. Maybe the biggest advantage, this project can generate some of the highest grade Ni concentrate in the entire world. A lot of people overlook this.
Safe jurisdiction that promotes electric mobility etc, could make the permitting process a bit more straightforward compared to other mining projects.
On the same note, nickel projects in other parts of the world have a lot of political trouble (ore bans in Indonesia, suspension in the Philippines etc, not to mention the DRC for cobalt), making Canada safe, stable and attractive in comparison.
Economics are good compared to HPAL projects, which is the real competition in terms of producing class 1 products. The company can get a better price for producing sulphate, improving margins.