Giga Metals - Large Scale Nickel Project Timing It Right?

Interview with Mark Jarvis, President and CEO of Giga Metals (TSX-V:GIGA)

Does the investment market give Giga Metals a chance of getting in to production? Hunkering down vs. weathering the storm in a challenging market. We love getting into the strategy that different management team employ during the process of building an operating mine. We speak to the delightful Mark Jarvis who talks about ethical mining (we wish more people meant it like he does), financing, the world markets... He has one of the largest sulphide nickel projects in the world. Lots of companies try to attach themselves to the EV revolution and the forecasts for Nickel suggest that Giga Metals maybe in the right commodity. Data suggests that Nickel prices will be rising until the end of the year which will allow scrap nickel to come in to the market which will momentarily affect prices, but will recover within 6 months. SO you need to believe that we are at the beginning of a Nickel super cycle.

Giga Metals has a large deposit and has been a long-time coming. Mark Jarvis first got involved in 2003 and has seen the company through two Nickel cycles. Giga Metals market cap is only $19M today. That suggests the market does not value the story or that they are bored of it. See how Mark responds to that thought. We also ask when they plan to redo their 2011 PEA. We discuss potential recovery rates and where they see themselves in relation to their peers. Plus they have recently updated their Resource, but what are they going to do next. We ask when they next need to raise capital and how they intend to that to be able to add drilling, test work and to complete the study?

How does the local indigenous community feel about the project? Where are they with permitting?
And given the remote location what financial and mining challenges do they face? Who pays?

In terms of understanding how a business survives cycles this is an interesting case study. Well worth the listen.

We Discuss:
1:32 - Overview of the Business
2:33 - Background Story and Management Team
9:03 - Recovery Rates & Grades: What Have They Got and How Does it Compare to Dumont?
11:11 - Getting Over Tough Cycles: What Was Their Strategy & What Are They Planning Now?
20:31, 37:38 - Red Flags for Investing: Infrastructure & Jurisdiction, Permitting & Licenses
28:34 - Why Should Investors Consider Giga Metals?
34:07 - Cash Position & Future Funding Strategies
42:55 - Timings for Study Completion

Company page: https://www.gigametals.com/

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