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

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

From Mining Stock Education by Bill Powers

July 17, 2026 · 22 min

About this episode

Shawn Khunkhun discusses the current valuation and growth strategies of Contango Silver & Gold amidst a significant drop in share price.

Contango Silver & Gold 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…

People in this episode

Host: Bill Powers

Guest: Shawn Khunkhun

Topics covered

Keywords

Sponsors

Contango

Mentioned in this episode

Organizations: Contango Silver & Gold, Kinross

Products: $CTGO

Places: Fort Knox, Lucky Shot, Johnson Tract, Kitsault Valley

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