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Giga Metals Corp V.GIGA.WT.A


Primary Symbol: V.GIGA Alternate Symbol(s):  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 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

Post by Sasha11on Mar 19, 2021 11:48am
439 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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