Contango ORE (CTGO) Gains 5.07% to New 27-Month Closing High

Contango ORE (CTGO) gained by 5.07% today to a new 27-month closing high of $25.68 per share.

When NIA sent out an alert at 11:44am this morning announcing that its President purchased 1,000 shares, CTGO was trading for only $25.11 per share and rallied by 2.27% into the close.

The $33 million cash distribution payment that CTGO received on October 2nd is equivalent to a royalty payment because Kinross Gold (KGC) is paying the operating expenses at the Manh Choh mine.

Royalty companies trade at high multiples: RGLD 16.36x revenue, FNV 31.31x revenue, WPM 29.43x revenue, etc.

CTGO's total payments for 2025 will likely reach $120 million and even a multiple of only 10x revenue would value CTGO at $1.2 billion or 3.12x above its current market cap of $384.285 million!

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 three months of coverage and could receive a total of up to US$80,000 cash for ten months of coverage. NIA’s President has purchased 1,000 shares of CTGO in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.