All is not as it seems for some - todays price 6.2% IRR PRE tax!8 Dec 2020 17:28
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. The PEA indicates a long-life, large-scale project. With a projected build capital of US$1.4B (Phase 1) and US$0.5B (Phase 2) including significant investment for a powerline delivering low-cost, clean, low-carbon power from BC Hydro (mainly hydroelectric), the projected capital intensity is US$51,500 per annual tonne nickel at full rates (years 6 to 20)......At metals prices of U.S. $7.50 per pound of nickel and smelter terms of 78% NSR as provided by Wood Mackenzie, Turnagain is expected to have a pre-tax IRR of 6.3%.