CTGO Stock Analysis

Contango Ore Inc

Contango ORE, Inc. is an exploration-stage company. The Company is primarily engaged in the business of exploring in the State of Alaska for gold ore and associated minerals and rare earth elements. As of March 31, 2012, it had leased or have control over Federal and State of Alaska properties totaling approximately 794,280 acres for the exploration of gold and associated minerals and rare earth elements. As of March 31, 2012, the Company had generated no revenue from mineral sales and operstions. Additionally, the Company holds 18,560 acres in unpatented mining claims from the State of Alaska for the exploration of gold and associated minerals. The Company also holds interests in and to 3,440 acres in unpatented Federal mining claims and 97,280 acres in unpatented mining claims from the State of Alaska for the exploration of rare earth elements. As of March 31, 2012, the Company owns a 100% leasehold interest in approximately 675,000 acres from the Tetlin Village Council.