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 Cassius1977on Oct 27, 2019 9:49am

92 Views

Post# 30273937

RE:NEED MORE NICKEL SOON

thseeker1 wrote: NEED MORE NICKEL SOON

Automakers and their battery partners need to start planning for it now.

“Getting the quantity of nickel that (electric vehicles) will need by the mid-2020s will be a challenge ... with lead times often up to 10 years, investment needs to happen now,” Montgomery said.

So I think the pressure will be on early next year for getting new mines in play to meet the impending nickel demand. They are at the point of no return regarding ignoring the critical need to have new mines.

Ultimately, there needs to be a higher incentive price to get big class 1 projects going. $7.50/lb won't cut it. Unless or untill there are higher prices new mines won't get built. This could lead to a serious spike in prices when lack of supplies becomes more acute.

Bullboard Posts

This junior mining stock offers billions in market exposure