CTGO Up 32.37% Since Release of NIA’s Report
Contango ORE (CTGO) gained by 4.29% today to $17.01 per share and is so far up by 32.37% since the release of our CTGO report on Wednesday evening! Click here to read it (our most important report in history)!

CTGO is currently trading for only 7.21x its free cash flow per share of $2.36 from 1Q 2025 alone. If you annualize CTGO’s 1Q 2025 free cash flow per share it comes out to $9.44.
CTGO is currently trading for only 1.80x its 1Q 2025 free cash flow per share annualized. The average gold miner is currently trading for 14.76x their 1Q 2025 free cash flow per share annualized. This would value CTGO at $139.33 per share.
Over the last three quarters, CTGO has generated total free cash flow per share of $2.95, which would annualize out to $3.93 and the same multiple of 14.76x would value CTGO at $58 per share.
Keep in mind, gold was much lower in 3Q 2024 and 4Q 2024 than in 1Q 2025. So far in 2Q 2025, gold has averaged a higher price than in 1Q 2025.
Imagine what CTGO’s free cash flow per share will ramp up to once the hedges come off that their lender required!
Imagine what CTGO’s free cash flow per share will ramp up to after Lucky Shot and Johnson Tract enter production in the years ahead along with gold rising to $5,000+ per oz!
CTGO’s 30% owned Manh Choh is among the highest-grade open pit gold mines in the world!
CTGO is similar to a gold royalty company because it only has 12 employees, and their JV partner Kinross Gold (KGC) is doing most of the work.
CTGO’s revenue per employee is among the highest of any company in the world!
CTGO’s CEO Rick Van Nieuwenhuyse is well respected among the industry’s biggest players. He previously discovered Donlin, which billionaire John Paulson spent $800 million to acquire a 40% stake in last month!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from CTGO of US$30,000 cash for a three-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.