Giga Metals Corp V.GIGA

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

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 sulfide nickel and cobalt resources. The Company has an 85% interest in Hard Creek, which itself has a 100% interest in the Turnagain Nickel Cobalt Project located in the Liard Mining Division in northern British Columbia, approximately 65 km east of Dease Lake. The Turnagain Nickel-Cobalt Project has over 73 mineral claims with a total area of approximately 39,848 ha. It hosts the Horsetrail nickel-cobalt deposit. 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.

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Giga Metals Corp

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Comment by Phenom007on Sep 04, 2019 7:26pm

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Post# 30096291

RE:RE:RE:RE:RE:After-tax NPV of $1,1 billion

The post tax NPV at a 12% discount rate (much more appropriate/conservative at this stage) is over $400M. Once the pre feasibility is completed by year end, this is an actual number that Giga would want in a buyout. Would they get it? If nickel keeps up, I bet they could.

Maybe not in 2020, but if nickel is $12-15 on average going into 2021, I would look for a 12% NPV discount rate as a real potential valuation. And keep in mind $400M is at $8.20 nickel!

People GREATLY underestimate the leverage potential here if nickel keeps rising. I see $1.50 minimum if nickel stays between $8-10 into year end/Q1.

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