RE:RE:RE:RE:RE:New investor in GIGABatterymetals wrote: I hope they are able to produce the PEA sooner rather than later. If and when the Nickel market starts to move higher we want to be as advanced as possible and as close as possible to being shovel ready. On that point, what is the most up to date estimate from the company about when, theoretically provided the money is there, that this thing could be shovel ready?
3-4 years is what I have heard, getting to full feasibility and finish permitting is what takes the longest.
One other company I have been looking at recently is CNC (Canada Nickel Corp). They are about to list and begin trading publically, and are targetting the Crawford nickel deposit which is said to be fairly close to the Dumont project (several hundred kms away but similar in nature) and is being led by the CEO who worked at Dumont for 9 years. They don't yet have a defined resource but early drilling looks fairly positive. The deposit is also close to existing infrastructure and mines so presumably a lower CAPEX required to get it ready. As it hasnt started trading yet I don't know what sort of market cap we're talking, but it might be one I keep my eye on. They are talking about being ready with a feasability study by the end of next year. Seems ambitious, but admirable. One issue that concerns me a little about GIGA is that they've had this deposit for many years and have not moved it beyond PEA, and despite having a PEA already this one seems to be taking a long time to update. I hope they are motivated to push it along a bit.
It seems pretty unrealistic for CNC to talk about releasing a feasibility study in 2021 if there is not even a resource defined yet. Giga spent many years delineating a resource and then going through a long bear market where they basically could not do anything. As for Giga they are absolutely motivated now, it seems they just need to firm up the new metallurgy.