Contango Ore – A Path To Production With Kinross As A Partner At Manh Choh and Exploration Ongoing At Lucky Shot, Both In Alaska
While I was at the Beaver Creek conference a few weeks ago I meet with over 30 companies. Contango Ore (NYSE-A:CTGO) was a Company that stood out to me, having both a clear production and exploration path. Albeit the need to raise money.
Rick Van Nieuwenhuyse, President and CEO of Contango Ore joins us to provide a comprehensive overview of the Company’s production and exploration avenues.
Starting on the production front at the Manh Choh Property where Contago is partnered with Kinross. Kinross is the operator and holds a 70% interest in the Project. Contango, a non-operating partner holding a 30% interest, is responsible for 30% of the costs which is estimated to be around $40million. Rick provides more information on how the partnership works and the past to production.
On the exploration front we focus on the Lucky Shot Project. The Company has just started exploring here but there has been some historic mining that the Company is using to guild exploration.
If you have any follow up questions for Rick regarding anything we discussed please email me at Fleck@kereport.com.
Shad and I are attending the upcoming New Orleans Investment Conference on October 12-15. We love to see you there! It’s a great way to meet company management and spend some time in New Orleans. Click the link below to register and please let us know if you will be there so we can meet up.