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Giga Metals Corp V.GIGA

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

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.


TSXV:GIGA - Post by User

Bullboard Posts
Comment by Fierzeon Mar 05, 2020 3:33pm
161 Views
Post# 30772032

RE:RE:Tesla’s secret "project Roadrunner"

RE:RE:Tesla’s secret "project Roadrunner"Oh look, mr. Pump & Dump is back. I guess this week you want the stock to go down. :D

You obviously did not understand the implications of my last post. If you can produce batteries at a cost of $100 per kWh at the pack level, which Tesla is expected to announce shortly, it means that your EV:s are now as cheap to produce as internal combustion engine vehicles. This means that EV subsidies will stop to matter, since the difference in purchase price compared to ICE cars will disappear. As this happens, fewer people will want to buy an ICE car since the fuel cost will be higher and the future resale value will be low. 

From the article in my last post:
"
$100 per kWh has been described as the price target for batteries to enable electric vehicles to reach a price parity with gasoline cars without subsidies. If combined with mass production, it’s considered the “holy grail” of EV adoption since it would enable high-volume production of relatively affordable and/or high-margin electric cars."

The article also states that the new battery disclosed by Tesla will be more energy dense. A more energy dense battery means that the possible range will increase and become closer to ICE vehicles, making the phenomenon of range anxiety gradually go away. 

And as for the February registrations; It is entirely possible that sales in Norway and the Netherlands have been constrained more by supply than demand. Tesla is selling the Model 3 on every continent now and can not produce these vehicles fast enough to satisfy demand in all markets. In addition, Norway had 1133 Audi e-tron deliveries in February, making it the top selling EV in Norway for that month and far outpacing any other electric car. So don't be so quick to claim that "the EV story is failing". 

Again, if you don't believe in the EV story, please do yourself a service and get away from this stock. A superior technology like electric vehicles will not just fade away - it will dominate.
Bullboard Posts