Analysts change fair value rating of contango! Analysts are excited to share their latest equity research report on Contango Ore, Inc. (CTGO).
In this report, they explore CTGO's acquisition of HighGold Mining, a move poised to significantly enhance their portfolio. This all-share deal, valued at $37 million, not only adds the high-grade Johnson Tract project in Alaska to CTGO's assets but also positions the company for accelerated growth and cost-effective production.
Our analysis covers the strategic benefits of this acquisition, the potential for increased gold output, and the favourable market conditions expected in 2024.
Check out the full report: https://www.researchfrc.com/content/reports/post/81/accretive-acquisition-bolsters-portfolioraising-our-fair-value-estimate
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