Giga Metals Corp V.GIGA

Watch the Hype

[Sasha11]

This 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.

[apapas1973]

Sold the last of my shares yesterday for a loss. Got tired of holding this one. I've had some of the same worries as you. I'm sure it takes off now that I'm no longer holding it.

[oldman11]

I am sorry that you lost some money but this property will never take off.  If you want to play the nickel industry a little (not a lot) try Sherritt.  They at least produce but will not grow until the embargo is lifted.  Base metals in general, try Teck.

[DWiinkerson]

Seeing the new statement april 1 ( no joke) . Jarvis (CEO) is covering his butt incase the bcsc investigates him, covering every angle. A long read but interesting... This news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Giga Metals. Although these statements are based on information

[Rm90090]

Did they release a new statement this morning? They have been halted since Tuesday.

[ForeverNEWB]

I've seen nothing since the overnight offering warranting a halt. Martin's nickel day was the same old sales pitch. We're going to need lots of nickel, hpal is bad, but we're still not viable at this price. The halt is just pushing off the sale that's coming and I want more cheap shares to hold for the next 5-30 years. The lower it goes the more I can buy before the world

[oldman11]

I am glad that you are willing to hold it for 30 years, because the mine is not going to produce anything for a long, long time.

[ForeverNEWB]

The batteries are coming and the supply chain is dirty and not ready. Giga is set up to be carbon neutral which Indonesia is not. It's going to cost hpal more money to install green energy than Giga need to open. 30 years and will have enough in the supply chain to survive on recycled nickel. I'll keep my bet on the mine that isn't planning to dump tailings in our oceans. We only have

[SeethingHedgie]

FPX Nickel is the play that you're looking for. GIGA Metals is going nowhere fast.

[ForeverNEWB]

FPX is going nowhere just a little slower than Giga. The mine you want is CNC. They're going to rip before either FPX or Giga.

[SeethingHedgie]

FPX released a PEA with a post-tax NPV of 1.7B USD, before accounting for the Van target they're about to drill or the iron ore byproduct. Institutional money entered into a heavily oversubscribed bought deal slightly below current share prices, and they're fully funded to deliver a PFS and then some. Seems promising to me, but apparently your mileage varies. CNC has some legs and is

[ForeverNEWB]

Good luck with FPX. All these Canadian mines are stuck right now behind Indonessia telling the world they have supply covered. No matter the mine or the cost to bring it to operations SE Asia is doing everything they can to undercut prices and keep supply in Asia. When battery demand wakes up, and the world realizes the last 2 months were an Indonesian mining sales pitch I still think we'll

[SixBottle]

This post has been removed in accordance with Community Policy

[Commoncents]

CNC.V all the way. Buy shares now and forget about them. Your account will thank you in the years to come. 

[apapas1973]

Already loaded up on CNC. Those guys may have quite the deposit.