Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Dig the updates. Yes pickins are slim for eco mines in North America.
New Canadian-based EV manufacturer revealing design in early 2021
https://www.cbc.ca/news/canada/windsor/project-arrow-first-virtual-zero-emissions-canadian-1.5760606
SK innovations from S. Korea has a US$2B? battery plant in Georgia and will be providing batteries for the Volawakgen EV plant in South Carolina. I may be a bit off on the geography.
http://www.koreatimes.co.kr/www/special/2020/09/175_296418.html
Ford is investing $1.8 billion CAD to produce “fully battery electric vehicles” in Canada.
https://electrek.co/2020/09/28/ford-investment-produce-battery-electric-vehicles-canada/
per ZR's request: If Giga keeps to the low/no carbon mining plan, what is relevant is the battery makers located in North America. I'll post links to what I've seen announced. Keep in mind plans change as the pandemic resolves and things could get delayed further.
Tesla is getting nickel from Vale right now. Everyone has their eyes on Tesla and the perceived big players. Not many people are talking about the many other EV manufacturers that are up and coming.
I wouldn't be surprised if someone like KIA or a perceived lower end EV manufacturer steps up to the plate on Giga first.
Question + Interesting read
Does anyone know why the calculated destination port in the PEA costs analysis is Asia? I thought discussions were for the US (if there were any...).
Interesting analysis on Giga Metals PEA:
https://www.miningnewsnorth.com/story/2020/10/30/northern-neighbors/bc-nickel-cobalt-mine-needs-more-work/6525.html
Question + Interesting read
Does anyone know why the calculated destination port in the PEA costs analysis is Asia? I thought discussions were for the US (if there were any...).
Interesting analysis on Giga Metals PEA:
https://www.miningnewsnorth.com/story/2020/10/30/northern-neighbors/bc-nickel-cobalt-mine-needs-more-work/6525.html
Panasonic Giag factory Nevada adding 4680 cell production for Tesla.
https://www.reuters.com/article/us-panasonic-results/panasonic-second-quarter-profit-beats-estimates-on-boost-from-tesla-battery-business-idUSKBN27E0ZE
|
Panasonic Beats Earnings. It seems like the entire battery supply line is beating estimates. Big CapEx ahead for them as well.
Tesla has said it plans to manufacture its own battery cells at several highly automated factories around the world, but will also continue to use its existing cell suppliers - Panasonic, South Korea’s LG Chem and China’s Contemporary Amperex Technology Co.
Can't respond to PM.
If you are a battery manufacturer and you know that Nickel prices will be through the roof in 2030, wouldn't you want to own a piece of Giga Metals and have the rights to a battery-grade nickel that you know will be coming out of Turnagain in 2030?
Assume you're the same battery manufacturer... how long would you wait to lock in Nickel that is 3 years away from delivery? Are you going to wait for 2.5 years, then go shopping?
If you are a battery company, how far in advance do you lock in your piece of the EV future? Every single dime of North American nickel is going to go at a premium price, more so for the artisanal, zero-carbon producers, like Giga Metals, whose shareholders gave up a piece of their equity pie in trade for a higher CapEx to establish and secure strong, decades-long clean-mining supply lines for North American BEVs and other Nickel battery users.
And once you have an idea for hungry the battery companies are going to be for Giga Nickel - how far in advance do you wait before buying Giga Metals stock?
I'll be here when you come back, Good luck all!
And I think the nickel projections are true. That's why Elon was putting the call out to Nickel miners to mine more nickel in July.
Nickel prices in 2030....through the roof.
Yeah it's true...copy and paste that statement into Google and it brings up the 2020 Giga PEA and related articles. Pretty cool.
Here's just one article...it's in the last paragraph, they cut and pasted from the PEA:
https://www.theassay.com/news/giga-metals-unveils-comprehensive-turnagain-nickel-pea/
Interesting factoid that but....
Wow....They said THAT in their PEA ?
Nice (IF true) alright.
That's a good looking chart pointing to a nice entry. It was interesting how well it held today considering the sentiment. Exactly - they've still got the lion's share of Class 1 nickel and where else are you going to get it?
Someone on the other board posted a quote from the PEA with the question "Where are the 35 Turnagains?":
The whole thing is predicated on nickel prices. The project is not viable at $7.50 nickel prices. Mark Jarvis said in multiple interviews they were viable over 9-10$/lb (probably more now with increased capex). I think the NPV8 of the mine on the 2011 PEA was $2.67 Billion and it's $242 million on the 2020 PEA.
They also haven't factored in the value of their carbon sequestration method.
Those are all great ideas for cost cutting. EV manufacturers will pay when they get desperate which won't be for a few years. Until nickel prices move significantly, it's going to take a forward thinking risk taker to put some money down to get Turnagain going.
Tell me if I'm wrong, but I think 29% IRR was predicated on $8.50/lb nickel. Bringing down the CapEx would seem to be the 'work' head. Can the cost of pulling in hydropower be shared with Kutcho Copper or other? In 2-3 years, electric mining vehicles will be a greater reality. How efficient will they be? Can an HPGR comminution facility be co-located at Turnagain, so that only battery-ready product is taken down the mountain? I think the PEA factors in a smelter-intermediary step. Can that step be eliminated? That will reduce costs, reduce the carbon footprint of the project, speed up time between the mine and the finished battery.
The room for improvement is there. The disruptors have the floor these days. The PEA assumes conventional mining timelines. It's time to invent the Turnagain Protocol. How to get the metal out of the ground and into a battery as quickly as possible. Speed brings with it low-carbon efficiency and reduced costs. Applicable across the board. Why does it take 3 years to move from PEA to shovel ready? Why, because it always has?
will explode soon
with tesla and many other car companies throwing millions into batteries, this company if not bought out will be a huge supplier to these companies. in my opinion its just a matter of when not if,,
good luck love the dips..
New PEA compared to 2011 PEA shows greater capex (went from $1 bil to almost $1.5-$2 bil), significantly lower rate of return (IRR) (went from 29% to 6-9%), but only $7.50/lb nickel price to profitability vs. $9-10/lb.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2185-tsx-venture/giga/86615-giga-metals-corporation-announces-results-of-a-comprehensive-preliminary-economic-assessment-pea-for-the-production-of-high-grade-nickel-concentrate-from-the-turnagain-nickel-deposit.html
Giga Metals 2020 Annual Shareholder Meeting Audio:
Tesla increases 2 yrs CAPEX expectations.
https://www.benzinga.com/news/20/10/18058594/tesla-raises-capex-guidance-plans-outlay-of-up-to-12b-over-2-years
Musk has big plans, and he needs lots of nickel to get there.
Buying this dip. Demand coming for low carbon nickel
Interesting look at Lithium market dynamics as influenced by EV demand anad post-Covid supply.
Looks like a vote of "confidence, are you kidding?" in Chairperson Milewski.
Voting results: Giga Metals:
https://www.gigametals.com/news/giga-metals-voting-results-1/
So in other words your saying it's coiling for a bounce, correct.
former LG Chem CEO is/was on Conic advisor list.
https://www.conicmetals.com/_resources/news/nr-20170605.pdf
https://www.reuters.com/article/lg-chem-results/update-2-tesla-supplier-lg-chem-to-boost-battery-capacity-idUSL4N2HC1UK
I remember seeing the name of a former LC Chem CEO on a Conic Metals list of advisors, I think(?) I'll fact-check that and get back if I'm wrong.
If Tesla promised to buy XX million pounds of nickel that would be good enough.
Tesla should just buy Giga Metals for goodness sake. They have 14 billion dollars in cash to do so. All Giga Metals need is a billion for infrastructure and it wouldn't take years to build when using Elon speed.
From previous post:
With an annual traded value of around $35 billion, nickel would probably be categorized by most as a medium-sized commodity. For the past few decades it has really had quite a low profile, perhaps due to its mainly industrial use as an alloying agent in stainless steel production. But excitement and chatter has been building around nickel sulfate in particular, due to its critical role in battery chemistry.
S&P Global Platts Pricing Director for APAC Metal Markets Julien Hall talks to Platts battery metals experts Joyce Zhang and Jiahong Ong for an overview of nickel use in electric vehicle batteries, the main fundamental drivers in the market, and how the pricing behaves, to get a better sense of how hot the nickel market really is.
Battery demands are changing the Nickel markets.
https://www.spglobal.com/platts/en/market-insights/podcasts/battery-metals/101920-nickel-price-benchmark-china
8 exploration JR miners YouTube advice
London YouTuber Giga Update Fri Oct 16
Nickel's been the best performing metal....
Nice little overhead ruler-line Breakout : (not shown)
There......And now that just did a better job of explaining the nickel market than this Reuters article !.....
https://www.reuters.com/article/global-metals/metals-nickel-hits-11-month-high-on-expectations-of-robust-demand-idUSL4N2HA296
Same thing with Covid !......Man, if they'd just share with us CHARTS !
Stupid dumb-ass media !
Nickel Price rising as Nickel's inventory is dropping. Wait a minute. Let me go google "supply and demand" -- I'll be right back.
"NICKEL SUPPLY: Also behind higher prices are delays to planned expansions of production capacity in Indonesia until next year.
“Following surpluses earlier this year, there could be a narrowing in the current quarter and indeed even a small deficit in first quarter of next year. After that surpluses will re-emerge,” Lennon said.
INSG: Global demand for nickel is expected at 2.52 million tonnes in 2021 from 2.32 million tonnes this year, the International Nickel Study Group (INSG) said last week.
It added that expectations are for a 117,000 tonne surplus this year and a surplus of 68,000 tonnes next year."
5.2 Billion pounds of Nickel (Measured and Indicated) at $8 a pound. Where's my calculator?
Reuters: https://www.reuters.com/article/global-metals/metals-nickel-hits-11-month-high-on-expectations-of-robust-demand-idUSL4N2HA296
Rueter's on Nickel Price Jumps
https://www.reuters.com/article/global-metals/metals-nickel-hits-11-month-high-on-expectations-of-robust-demand-idUSL4N2HA296
Reuter's still believes in Pratima Desai!
It may go up and down for awhile but longer term in order to meet future supply and demand it has to go up well over $9 USD minimum. $12-15 is where I think it will go. Giga at that level should be way over 10X from here. Just don't know how long that will be.
The price of NIckel keeps going up. UP 1% this morning.
Followers
|
27
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
1201
|
Created
|
01/04/18
|
Type
|
Free
|
Moderators |
Giga Metals Corporation aims to be a premier supplier of the battery metals that will be needed as the world progresses to a future powered by clean energy. We are currently focused on two of the key metals used in the batteries of electric vehicles: Nickel and Cobalt.
Our Turnagain Project is among the largest undeveloped nickel-cobalt sulphide deposits in the world in terms of total contained nickel. The NI 43-101 compliant resource contains 5.2 billion pounds of nickel and 312 million pounds of cobalt in the measured and indicated categories, plus a further 5.5 billion pounds of nickel and 327 million pounds of cobalt in the inferred resource category.
The growth in electric vehicles and energy storage is accelerating and, as a result, we intend to fast track the development of the Turnagain Project. Our goal is to supply battery manufacturers with the high-quality nickel and cobalt feedstock that they require.
We are also actively seeking other battery metals projects. There will be a shortage of these types of metals over the next decade as the clean energy revolution takes place.
The United States faces a troubling scenario when it comes to the supply chain for critical minerals. Rapidly increasing demand, under-developed national resources, intense international competition, and years of ne-glect in this issue area place the U.S. at a distinct disadvantage vis-à-vis China in securing access to the met-als and Rare Earth Elements that are vital for the energy transition and for geopolitical ambitions. This paper re?ects the dialogue sustained by a high-level group of stakeholders in the summer of 2021 and argues that the United States must take a number of key steps to make the critical minerals supply chain more resilient
SHARES ISSUED & OUTSTANDING: | 85,528,428 | |
WARRANTS: | 15,571,982 | |
OPTIONS: | 7,890,000 | |
FULLY-DILUTED: | 108,990,410 |
Company Presentation;
https://gigametals.com/investors/presentations/
Fact-Sheet
https://gigametals.com/investors/fact-sheet/
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |