other material
confidence high
sentiment positive
materiality 0.75
Contango ORE Johnson Tract IA: Post-tax NPV $225M, IRR 30%, 1.3yr payback
Contango Silver & Gold Inc.
- Post-tax NPV5 of $224.5M and IRR of 30.2% at $2,200/oz gold base case; payback 1.3 years discounted.
- Initial capital costs $213.6M; AISC $860/GEO; average annual production 102,258 GEO over 7-year mine life.
- Indicated resource 3.49M tonnes at 5.33 g/t Au; inferred 0.71M tonnes at 1.36 g/t Au; polymetallic (Au, Zn, Cu, Pb, Ag).
- Gold price sensitivity: at $3,000/oz, post-tax NPV rises to $398.2M, IRR 45%, payback <1 year.
- Company expects permitting for access tunnel within one year; aims for FAST-41 priority under NEDC.