CTGO’s Hidden Asset? 5M ONYX Shares — Now Up 381% in 2Q 2025
Prior to Contango ORE (CTGO) acquiring HighGold last year for Johnson Tract, one of the world's highest-grade polymetallic deposits, HighGold's lesser quality assets were spun-off into a new publicly traded company called Onyx Gold (TSXV: ONYX). HighGold kept 5 million ONYX shares post spin-off and CTGO by acquiring HighGold for world-renowned Johnson Tract also received these 5 million ONYX shares. As of March 31st, CTGO's 5 million ONYX shares at CAD$0.275 were worth only CAD$1.2M or USD$0.834M.
In recent weeks, ONYX has gained by 381.48% to a current price of $1.30 per share.
CTGO's 5 million ONYX shares are now worth a very significant CAD$6.5M or USD$4.74M!
We're not sure why exactly ONYX gained by 381.48%, but in all likelihood the majority of TSX Venture listed gold exploration & development companies will gain by 300%+ between now and year-end. Our goal is to discover and suggest the gold explorers with the best chance of gaining by 1,000%+.
So far, almost no retail investors have invested into gold stocks. Almost all investment dollars entering gold stocks this year have come from hedge funds like John Paulson's Paulson & Co which just acquired a 40% stake in Donlin for US$800 million valuing the Donlin gold project at $2 billion. Donlin was previously discovered by CTGO CEO Rick Van Nieuwenhuys. We like CTGO's Johnson Tract a lot more than Donlin due to its high grades, low capex, and clear path to permitting with CTGO's innovative one-of-a-kind Direct Shipping Ore (DSO) model, which eliminates the need to build a mill or tailings facility.
CTGO's Johnson Tract JT deposit hosts an Indicated Resource of 3.489 Mt grading 9.39 g/t gold equivalent comprised of 5.33 g/t gold, 6.0 g/t silver, 0.56% copper, 0.67% lead and 5.21% zinc. It is conveniently located close to tidewater which presents a unique opportunity for CTGO to directly ship ore mined at JT by barge to an existing mill facility.
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.
