Contango ORE (CTGO) Will Early Pay Another $7 Million in Debt This Week

Contango ORE (CTGO)'s trailing twelve-month free cash flow as of March 31st is up to a new all-time high of $33.68 million. CTGO's net debt was reduced by 58.22% last quarter to $20.14 million. CTGO most likely won't need to raise any future funding at all to construct Johnson Tract because of how fast their free cash flow is rapidly ramping up. This week, CTGO will early pay another $7 million in debt!

Not really sure why CTGO is dipping this morning… it owns 5 million Onyx Gold (TSXV: ONYX) shares which gained by 122.34% last week and is up another 2.15% today!

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.