tango ORE(US:CTGO)2025-05-15 12:17Company Profile & Strategy - Contango Ore Inc's (CTGO) market capitalization is $163 million[12] - The company's corporate strategy is to become a mid-tier gold producer, targeting 200,000 GEO/year in Alaska using a Direct Ship Ore (DSO) approach[125, 126] - Contango's portfolio is focused on Alaskan projects, including the Manh Choh Mine (30% ownership), Lucky Shot Mine (100% ownership), and Johnson Tract Project (100% ownership)[17, 18, 19] Manh Choh Mine - Manh Choh Mine started commercial production in July 2024[22] - The mine is projected to produce approximately 60,000 GEO in 2025, with a mix of hedged (70%) and spot (30%) sales[21] - The Life of Mine (LOM) free cash flow is estimated at ~$320 million at a gold price of $2,800/oz[21] - Contango received $24 million in cash distributions from the Peak Gold JV in Q1 2025[33] Lucky Shot Mine - Lucky Shot Mine has a current resource of 110,000 GEO at 14.5 g/t[21] - The company plans to drill and develop 400,000-500,000 GEO at Lucky Shot, targeting 30,000 – 40,000 GEO annual production[21] - Combined segments of Lucky Shot Vein Resources Indicated: 226,963 tonnes, Au Grade 14.5 g/t, Au Ounces 105,620[65] Johnson Tract Project - Johnson Tract Project has a current resource of 1.1 Moz at 9.4 g/t GEO[21] - An Initial Assessment released in May 2025 shows a Post-Tax NPV5 of $224.5 million and a 30.2% IRR, with a 7-year LOM and a 1.3-year discounted payback period[21] - The project is targeting 100,000 GEO annual production[21]