The economics of Giga Metals at something like $9.50 - 10 USD/lb nickel are probably similar to Ardea at $7.5 if PEA's are to be trusted. Giga's PEA is fairly old (2011) and I've seen the CEO, Mark Jarvis, mention that high pressure grinding rolls would reduce energy and therefore cost. Still if you factor inflation along with some improvements since their PEA, it is close to a wash.
The large low grade nickel sulphide deposits in Canada have gotten a lot of love in the last couple months since Elon's plea for clean nickel sources. There are three of them now over $100M CAD market cap and none of them are clearly better than Ardea at the moment and Giga appears to be significantly worse.
The economics of Giga Metals at something like $9.50 - 10 USD/lb...
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