They've made a commitment to communities that must live with the traffic to limit runs to 60 per day, and they intend to live up to that promise. As an investor I like seeing management live up to their promises to outside parties even when it costs more than expected. Principled behavior will pay off in the long run. As noted in this presentation the transport issue is actually relatively marginal, not worthy of great concern. The JV with Kinross is still very solid financially. Debt is being serviced without difficulty and Contango Ore is receiving a remarkable amount of free cash flow while Kinross handles operational details leaving Contango free to focus on its development projects. Plus the mine life has been extended. Rick and others at Contango have proven both diligent and astute from what I've seen. They are dealing with debt conservatively and maintaining a tight capital structure. Note how few shares are outstanding, and not being diluted. Provided the JV performs as expected and Contango's development projects prove successful the share price is a steal at current levels, IMHO. Of course there are always risks in this business.
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
Could they run the truck 24 hours of the day? Or are they already doing that??
They've made a commitment to communities that must live with the traffic to limit runs to 60 per day, and they intend to live up to that promise. As an investor I like seeing management live up to their promises to outside parties even when it costs more than expected. Principled behavior will pay off in the long run.
As noted in this presentation the transport issue is actually relatively marginal, not worthy of great concern. The JV with Kinross is still very solid financially. Debt is being serviced without difficulty and Contango Ore is receiving a remarkable amount of free cash flow while Kinross handles operational details leaving Contango free to focus on its development projects. Plus the mine life has been extended.
Rick and others at Contango have proven both diligent and astute from what I've seen. They are dealing with debt conservatively and maintaining a tight capital structure. Note how few shares are outstanding, and not being diluted. Provided the JV performs as expected and Contango's development projects prove successful the share price is a steal at current levels, IMHO. Of course there are always risks in this business.
@@pnwcruiser Yes. Think you for your opinion. Looks like we just have to wait for earning for this to pop. And once the hedge is done it will rip.