This Could Be Contango ORE (CTGO)’s Fosterville Moment
NIA’s #1 favorite producing gold miner Contango ORE (CTGO) gained 6.15% today to a new 30-month high of $27.62 per share and is now acquiring Dolly Varden Silver (DVS), owner of North America’s highest-grade undeveloped silver project (excluding Mexico) at a major discount and with perfect timing as silver surges to a new all-time high of $60 per oz.
This is the most value-creative M&A transaction NIA has seen since Kirkland Lake Gold’s legendary 2016 acquisition of Newmarket Gold, which delivered the high-grade Fosterville Mine and became one of the greatest gold mining deals of the modern era.
Kirkland Lake Gold founder and North Peak Resources (TSXV: NPR) Executive Chairman Harry Dobson grew KL from a $20M company into a $2B powerhouse. Eric Sprott then took it from $2B to $11B following Fosterville’s acquisition and high-grade discoveries. Together they created the #1 highest-grade gold producer in the world and the most successful new gold miner of the 21st century.
CTGO is now positioned to follow a similar trajectory. The combined company will control four of the highest-grade gold and silver projects in North America, all located in top-tier jurisdictions. NIA’s President increased his CTGO position today. Eric Sprott will own 4.5% of the new Contango Silver & Gold (CTGO), which will be led by one of the strongest CEOs in the sector: Rick Van Nieuwenhuyse.
CTGO is entering its most transformational phase in company history.
Past performance is not an indicator of future returns. NIA is not an investment advisor. Always do your own research. NIA’s President has purchased 5,000 shares of CTGO in the open market and intends to buy more shares. NIA has received compensation from CTGO of US$80,000 cash for a ten-month marketing contract. NIA’s President has purchased 60,000 shares of NPR in the open market and intends to buy more shares. NIA has received compensation from NPR of US$50,000 cash for a six-month marketing contract and previously received US$50,000 cash for a six-month marketing contract which has since expired. This message is for informational and educational purposes only.
