Recorded on March 31, 2026
CTGO
Contango Silver and Gold joins Andy Millette for a post-merger deep dive into why management believes the new company is still being mispriced by the market. Rick Van Nieuwenhuyse and Shawn Khunkhun break down the 100 million dollar cash position, the expected free cash flow profile, and why they believe CTGO now has one of the more compelling combinations of funding, project depth, and upside leverage in the sector. The conversation walks through how the company expects to generate cash this year, what could happen if gold prices stay strong, and why management thinks the market is still underappreciating the value of the full pipeline. Rick explains the debt and hedge cleanup plan, the 2026 catalyst path, and why Lucky Shot, Johnson Track, and Kitsault Valley could all matter in the next stage of growth. Shawn lays out the longer-term production vision and explains how the company sees a path toward becoming a serious North American mid-tier silver and gold producer. The interview also gets into British Columbia, the Golden Triangle, infrastructure, jurisdictional execution, and why the DSO model may matter even more if inflationary pressure stays elevated. For investors following CTGO, this is a direct look at the merger logic, the near-term milestones, the long-term scale story, and why management believes this could be a major re-rating setup as execution continues. #Millettian
Key topics
CTGO after the merger closes
100 million dollars in cash and expected free cash flow
Debt reduction and hedge reduction targets
Lucky Shot drilling and development
Johnson Track road work and permitting
Kitsault Valley resource update and 40000 meter drill focus
Production growth vision in gold and silver
DSO model advantages in a higher-cost environment
British Columbia strategy and infrastructure support
Why management believes CTGO is still undervalued
Guest or company links
https://www.contangoore.com/corporate/leadership
https://www.linkedin.com/in/shawn-khunkhun-2843ab55
Host Andy Millette Natural Resource Stocks
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https://www.NaturalResourceStocks.net
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Chapters
00:00 Cash flow setup and why this year matters
00:00:43 The mid-tier production vision
00:01:43 Valuation gap and near-term catalysts
00:02:33 Merger completed and why management is excited
00:05:20 100 million dollars in cash and what comes next
00:10:04 Debt and hedge cleanup
00:13:09 The long-term dream and production scale
00:18:20 Mill strategy and M and A DNA
00:21:15 Why British Columbia works
00:25:47 Final investor case and catalyst outlook
00:31:20 Website ticker and where to follow the story
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