Value Microcaps Junior Miners

[Bobwins]

CTGO $16.96, about to go into production at their Alaska gold mine. They are 30% partner with Kinross. Kinross is going to use the high grade ore to use part of the capacity at their Fort Knox Mill that is running out of ore. They are mining ore now and trucking it to Fort Knox. Will start processing the ore in late spring. Full year production should net Contango around $50million/yr cashflow. There are only 10 million shares out so about $5/share cashflow.. That's less than 4X current share price. I know gold stocks are cheap but that's pretty low.

Of course,mine life at Manh Choh is only 4-5 years so they have to use the funds wisely. They intend to pursue another past producing mine at Lucky Shot. They have a small resource now but intend to build it up to 300K oz and sell it or JV with Kinross again to supplement Fort Know Mill feed. They have two more prospects that might work the same way in the future.

Not the most exciting "discovery" story but it looks like a no brainer with Kinross doing all the heavy lifting.

https://ucarecdn.com/64d82945-5297-43f5-b5c9-ca0d00af052f/ContangoCorporatePresentationJan202401.pdf