Gold Hits $3,400 Per Oz and Contango ORE (CTGO) Could Hit $59.33 Per Share Within 12 Months

Contango ORE (CTGO) is the world's #1 most undervalued high-grade gold producer.

Manh Choh is operated by Kinross Gold (KGC) it is their #1 highest grade gold mine and CTGO owns a 30% stake.

CTGO allows you to capitalize on the #1 most exciting thing about KGC, their Manh Choh gold mine averaging grades of 7.39 g/t making it one of the highest grade open-pit gold mines in the world!

KGC has a current enterprise value of 3.65x revenue. Their #1 highest grade asset Manh Choh if traded as a standalone asset would deserve a significantly higher multiple than 3.65x revenue!

Manh Choh is producing 200,000 oz gold per year, which means CTGO's 30% stake = 60,000 oz.

Gold just hit $3,400 per oz this morning! When CTGO's hedges come off next year 60,000 oz X $3,400 per oz = $204 million in annual revenue.

If CTGO merely matches KGC's multiple of 3.65x revenue, CTGO will soon be trading at a market cap of $744.6 million.

CTGO has only 12.55 million shares outstanding, which means CTGO will likely be trading for $59.33 per share within 12 months.

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.