“You Can Buy $CTGO at Just Three Times Next Year’s Free Cash Flow” – Contango’s Shawn Khunkhun

Contango Silver & Gold (NYSE & TSX: $CTGO) president Shawn Khunkhun discusses why CTGO shares are down ~50% since January and how this presents investors with a buying opportunity. The company’s current valuation is just three times next year’s expected free cash flow, he shared. He explains the key catalysts investors are waiting for, why and how the company eliminated its hedge book. He outlines the DSO model shipping ore to Kinross’s Fort Knox mill and how Contango is reinvesting cash flow into Lucky Shot drilling, Johnson Tract infrastructure/permitting, and a 40,000m Kitsault Valley drill program. He states that a mill acquisition is being targeted for longer-term needs.

00:00 Intro

00:33 Why Shares Are Down

01:05 Catalysts from Mahn Choh

01:54 Kitsault Resource Update

02:24 Lucky Shot Path to Production

03:06 Hedge Book Removed

04:38 Debt and Cash Position

05:53 DSO Model and Growth Plan

07:28 Lucky Shot Drilling Progress

08:38 Johnson Tract Buildout

09:11 Kitsault Exploration Strategy

09:55 Management Versus Geology

11:52 What the Market Rewards

13:33 No Dividends Near Term

14:15 Mill Acquisition Strategy

15:29 Jurisdiction And M&A Focus

17:07 Re-Rating and Share Structure