New price targets for Giga are amazing
3rd party estimates how nickel price will leverage Giga
Last but not least, a new research report on Giga Metals (GIGA/HNCKF) was released by a 3rd party firm yesterday. I can't share it until early next week as their clients have a 7 day exclusive before broad circulation. But I will say that their fair value price for GIGA, based on $7 nickel, is $1.01 CDN. To me, the most exciting demonstration in their model, is the incredible leverage Giga has to the nickel price.
Fair value rockets to $6.58 per share at just $9 nickel and $12.15 per share with $11 nickel prices! Giga remains the best leveraged way to play the nickel market in my opinion due to the enormity of their asset and quality of concentrate they've proven to already produce. A new PEA in the next 90 days or so should be a major catalyst as well.
It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.
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