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Giga Metals Corp. V.GIGA

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

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

Post by Sasha11on Mar 19, 2021 11:48am
391 Views
Post# 32838086

Watch the Hype

Watch the HypeThis property wont ever get into production.  It costs billions for high risk low NPV using optimisitc assumptions.  Its too far from infrastructure, (the power line alone is decades away if ever), too low grade, a pristine river runs right through middle of resource.   Sure if you multiply billions of tons of ultramafic rock with background nickel grade (<0.25%Ni) you get millions of lbs of nickel but would lose money on every shovel full, no matter how much Elon asks for.
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