Contango ORE, Inc. — Major Shareholding Notification 2011

Feb 10, 2011

SC 13G 1 y89602sc13g.htm SC 13G sc13g PAGEBREAK

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. )*

Contango ORE, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

21077F100

(CUSIP Number)

January 6, 2011

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

þ Rule 13d-1(b)

o Rule 13d-1(c)

o Rule 13d-1(d)

• The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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CUSIP No. 21077F100 Page 2 of 5 pages

1	NAMES OF REPORTING PERSONS. I.R.S. Identification Nos. of above persons (entities only). International Value Advisers, LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Delaware
	5	SOLE VOTING POWER
NUMBER OF		164,004
SHARES	6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		0
EACH	7	SOLE DISPOSITIVE POWER
REPORTING
PERSON		164,004
WITH:	8	SHARED DISPOSITIVE POWER
		0
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	164,004
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	10.250%
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	IA

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link2 "Item 1"

Item 1.

(a)	Name of Issuer Contango ORE, Inc.
(b)	Address of Issuer’s Principal
Executive Offices 3700 Buffalo Speedway, Suite 960 Houston, Texas 77098

link2 "Item 2"

Item 2.

(a)	Name of Person Filing International Value Advisers, LLC
(b)	Address of Principal Business
Office or, if none. Residence 645 Madison Avenue, 12 th Floor, New York, NY 10022
(c)	Citizenship Delaware
(d)	Title of Class of Securities Common Stock
(e)	CUSIP Number 21077F100

link2 "Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a"

Item 3. If this statement is filed pursuant to §§240.13d-l(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)	o	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b)	o	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c)	o	Insurance company as defined in
section 3(a)(l9) of the Act (15 U.S.C. 78c).
(d)	o	Investment company registered under section 8 of the Investment Company Act of 1940 (15
U.S.C 80a-8).
(e)	þ	An investment adviser in accordance with §240.l3d-l(b)(l)(ii)(E);
(f)	o	An employee benefit plan or endowment fund in accordance with §240.13d-l(b)(l )(ii)(F);
(g)	o	A parent holding company or control
person in accordance with § 240.13d-l(b)( l)(ii)(G);
(h)	o	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act
(12 U.S.C. 1813);
(i)	o	A church plan that is excluded from the definition of an investment company under
section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

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(j) o Group, in accordance with §240.l3d-l(b)(I)(ii)(J).

link2 "Item 4. Ownership"

Item 4. Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)	Amount beneficially owned: 80,027,473
(b)	Percent of class: 10.250%
(c)	Number of shares as to which the person has:

(i)	Sole power to vote or to direct the vote 164,004
(ii)	Shared power to vote or to direct the vote 0.
(iii)	Sole power to dispose or to direct the disposition of 164,004
(iv)	Shared power to dispose or to direct the disposition of 0.

Instruction. For computations regarding securities which represent a right to acquire an underlying security see §240.l3d-3(d)(l).

link2 "Item 5. Ownership of Five Percent or Less of a Class"

Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o .

link2 "Item 6. Ownership of More than Five Percent on Behalf of Another Person"

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

link2 "Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company"

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

link2 "Item 8. Identification and Classification of Members of the Group"

Item 8. Identification and Classification of Members of the Group

link2 "Item 9. Notice of Dissolution of Group"

Item 9. Notice of Dissolution of Group

link2 "Item 10. Certification"

Item 10. Certification

Page 4 of 5 pages

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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

link1 "SIGNATURE"

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

February 8, 2011
Date
Michael Malafronte
Signature
CEO
Name/Title

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

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