How you can discover the subsequent multi-bagger assets inventory: Half 2

That is chapter two of Stockhead’s ‘forgotten assets shares that would conceivably be the subsequent multi-bagger’ collection, specializing in the $5m to $10m market cap bracket.

Half 1, which highlighted the sub $5m market cap group,  has already thrown up a few respectable winners because the story was revealed final week.

They embrace Tao Commodities (ASX:TAO), which is now not a $3m market cap battler after inking an choice to purchase the ‘Titan’ titanium and zircon mineral sands mission within the US.

In the meantime, graphite play Blackearth Minerals (ASX:BEM) rode Tesla ‘Battery Day’ mania into an honest share worth spike.

There are at the moment ~96 assets shares on Stockhead’s record with a market cap between $5m and $10m. The place’s the subsequent multi-bagger coming from?

Right here’s a listing of ASX assets shares with a market cap between $5m-$10m [Wednesday September 30]

Scroll or swipe to disclose desk. Click on headings to kind. Finest considered on a laptop computer:

CODE NAME SHARE PRICE [intraday Sep 30] Weekly Return % Yearly Return % MARKET CAP
VKA Viking Mines 0.016 23 45 $ 5,019,485.70
TYX Tyranna Sources 0.004 -20 -20 $ 5,129,442.67
ARM Aurora Minerals 0.022 0 69 $ 5,153,864.50
OKJ Oakajee Corp 0.057 14 36 $ 5,171,098.71
A1G African Gold 0.165 0 -15 $ 5,179,604.76
FIN FIN Sources 0.018 -5 38 $ 5,250,445.88
DMG Dragon Mountain Gold 0.02 0 0 $ 5,270,610.30
WCN White Cliff Minerals 0.011 0 69 $ 5,352,598.70
MRD Mount Ridley Mines 0.002 -33 33 $ 5,365,587.90
SXX Southern Cross Exploration 0.005 0 0 $ 5,386,216.00
RMG RMG Restricted 0.007 0 0 $ 5,499,654.09
AQC Australian Pacific Coal 0.11 -15 -21 $ 5,553,329.10
CMC China Magnesium Corp 0.011 0 0 $ 5,563,490.77
MRR Minrex Sources 0.027 8 170 $ 5,588,200.48
KGD Kula Gold 0.036 6 149 $ 5,609,002.75
KOR Korab Sources 0.017 6 -19 $ 5,652,380.68
APG Austpac Sources 0.002 0 0 $ 5,668,004.33
ENV Enova Mining 0.017 0 -43 $ 5,757,200.35
LCD Latitude Consolidated 0.021 0 50 $ 5,778,759.04
CAE Cannindah Sources 0.024 9 60 $ 5,797,988.45
SFM Santa Fe Minerals 0.08 0 -11 $ 5,825,503.12
CDT Fortress Minerals 0.012 0 20 $ 5,838,469.09
DAF Discovery Africa 0.03 0 30 $ 6,067,040.94
ZMI Zinc of Eire 0.05 11 -50 $ 6,076,739.55
SMI Santana Minerals 0.003 0 0 $ 6,105,673.46
TRL Tanga Sources 0.045 29 13 $ 6,153,054.03
AHN Athena Sources 0.02 0 0 $ 6,160,675.58
CSE Copper Strike 0.058 -3 45 $ 6,196,998.98
BDI Blina Minerals 0.1 0 0 $ 6,268,771.46
MLM Metallica Minerals 0.02 -9 54 $ 6,477,829.82
OKR Okapi Sources 0.18 0 -28 $ 6,487,715.88
RLC Reedy Lagoon 0.014 17 250 $ 6,576,272.98
TAO TAO Commodities 0.21 75 62 $ 6,591,200.07
ARN Aldoro Sources 0.1 -5 -41 $ 6,638,080.30
HIP Hipo Sources 0.015 0 25 $ 6,639,035.60
4CE Drive Commodities 0.012 0 -33 $ 6,691,857.08
PUR Pursuit Minerals 0.014 8 40 $ 6,721,530.42
EMT Emetals 0.017 -11 -58 $ 6,803,400.00
THR Thor Mining 0.016 0 60 $ 6,806,241.86
BEM Blackearth Minerals 0.06 58 22 $ 6,819,331.26
PEL Pelican Sources 0.017 0 0 $ 6,946,049.38
TIN TNT Mines 0.205 5 105 $ 7,070,159.72
SUH Southern Hemisphere Mining 0.044 7 146 $ 7,170,232.87
PAK Pacific American 0.023 -8 -32 $ 7,235,452.70
RFR Rafaella Sources 0.08 7 -33 $ 7,246,045.68
SCI Silver Metropolis Minerals 0.015 -12 50 $ 7,289,403.80
MOH Moho Sources 0.105 -9 36 $ 7,300,818.74
HHM Hampton Hill Mining 0.025 0 0 $ 7,370,134.48
AYM Australia United Mining 0.004 0 300 $ 7,370,309.94
BYH Bryah Sources 0.056 6 -25 $ 7,384,935.04
MQR Marquee Sources 0.072 0 -12 $ 7,459,927.34
SRZ Stellar Sources 0.016 0 21 $ 7,519,794.69
RDN Raiden Sources 0.014 8 75 $ 7,540,031.14
SHH Shree Minerals 0.01 -17 67 $ 7,592,368.93
PGI Panterra Gold 0.039 0 44 $ 7,610,524.31
VAL Valor Sources 0.004 -20 -33 $ 7,683,392.34
NCR Nucoal Sources 0.01 -9 -41 $ 7,686,123.54
FNT Frontier Sources 0.016 0 23 $ 7,825,631.01
G88 Golden Mile Sources 0.064 7 -16 $ 7,873,172.99
FAU First Au 0.019 12 36 $ 7,875,968.10
ESR Estrella Sources 0.013 -7 63 $ 7,925,421.36
VAR Variscan Mines 0.038 -3 -5 $ 7,983,554.94
AMD Arrow Minerals 0.006 -33 -33 $ 8,007,828.06
BMG BMG Sources 0.012 -14 200 $ 8,057,806.78
ACP Audalia Sources 0.012 0 140 $ 8,065,634.29
GED Golden Deeps 0.015 -6 -48 $ 8,076,610.49
RMX Pink Mountain Mining 0.008 0 14 $ 8,104,294.20
TMZ Thomson Sources 0.046 0 51 $ 8,215,250.86
ORM Orion Metals 0.016 0 14 $ 8,228,759.09
NES Nelson Sources 0.072 11 42 $ 8,265,754.22
CRB Carbine Sources 0.042 0 0 $ 8,389,362.62
REZ Sources & Power Group 0.022 -4 -55 $ 8,528,976.94
ODM Odin Metals 0.033 6 -81 $ 8,570,738.06
RIE Riedel Sources 0.021 0 110 $ 8,779,463.68
DAU Dampier Gold 0.031 3 29 $ 8,833,776.74
RDS Redstone Sources 0.017 -11 143 $ 8,842,210.27
GBM GBM Gold 0.008 0 0 $ 8,946,556.45
DCX Discovex Sources 0.0075 -6 -17 $ 8,971,230.57
MLS Metals Australia 0.0025 -17 25 $ 9,120,881.94
CXM Centrex Metals 0.029 7 -69 $ 9,154,875.35
ENT Enterprise Metals 0.017 -15 95 $ 9,250,533.60
CUL Cullen Sources 0.031 -6 114 $ 9,297,447.37
GLA Gladiator Sources 0.004 0 300 $ 9,311,336.68
NWM Norwest Minerals 0.16 39 -20 $ 9,433,769.44
CXX Cradle Sources 0.05 0 -15 $ 9,484,089.15
WML Woomera Mining 0.028 12 57 $ 9,525,226.03
B2Y Bounty Mining 0.029 0 -64 $ 9,542,957.82
TEM Tempest Minerals 0.041 -16 -15 $ 9,661,653.61
CNJ Conico 0.022 38 175 $ 9,725,688.90
AX8 Speed up Sources 0.068 -9 69 $ 9,740,811.91
CZN Corazon 0.003 50 24 $ 9,760,077.44
GBR Nice Boulder Sources 0.052 8 32 $ 9,779,108.04
CYM Cyprium Metals 0.175 3 -5 $ 9,810,409.35
DAV Davenport Sources 0.05 19 22 $ 9,852,627.45
CAP Carpentaria Sources 0.036 -10 -23 $ 9,904,771.33
CZL Consolidated Zinc 0.004 -13 -61 $ 9,964,979.78

 

Who’s drilling for the large one?

The one certainty in mineral exploration is that this: should you aren’t drilling, you received’t discover something.

There are a selection of neglected sub-$10m market cap juniors drilling proper now (or very quickly) within the hunt for that elusive ‘firm maker’.

A 3 gap, 1,000m drilling marketing campaign will kick off this month at Fin Sources (ASX:FIN) McKenzie Springs nickel-copper-PGE mission, which neighbours Panoramic Sources’ (ASX:PAN) Savannah nickel-copper mine.

WA gold explorer Aldoro Sources (ASX:ARN) is awaiting outcomes from current drilling at ‘Penny South’, which neighbours Spectrum Metals’ firm making Penny West mission.

Additionally spinning the drill bit — or awaiting outcomes — is Bulgarian gold explorer Raiden Sources (ASX:RDN), WA-based Golden Mile Sources (ASX:G88), and Arrow Minerals (ASX:AMD), which is attempting to determine how huge the Dassa gold discovery in Burkina Faso actually is.

 

Who’s in search of a brand new mission to make it a multi-bagger?

Shopping for a brand new mission which captures the investor creativeness is a method explorers can get a rerate.

What number of of those shares are operating the ruler over doubtlessly firm altering acquisitions? Fairly a couple of, because it seems.

Oakajee Corp (ASX:OKJ) is a quiet WA gold explorer “in search of alternatives” with about $3.1m within the financial institution on the finish of FY20.

Dragon Mountain Gold (ASX:DMG) is “reviewing a lot of exploration tasks” after a tech-based acquisition fell by.

Industrious West Australian-West African goldie Fortress Minerals (ASX:CDT) is in search of contemporary floor after farming out a Ghanaian mission final 12 months.

The profitable deal will see personal firm Iguana Sources spend as much as $US11.7m ($16.3m) on exploration over 5 years to earn an 80 per cent curiosity.

Fortress additionally has a Four per cent gold royalty on a licence which “kinds a key element” of current takeover goal Azumah Sources’ +1moz Wa Gold mission.

Discovery Africa (ASX:DAF) – which had $2.1m within the financial institution on the finish of FY20 – simply shelled out $5,000 for a WA gold mission, however remains to be “proactively working to establish and evaluate different new tasks”.

Beleaguered mineral sands explorer/shell firm Metallica Minerals (ASX:MLM)  additionally “continues to evaluate a number of alternatives within the gold/valuable metals-copper and different mineral commodity sectors”.

Fellow shell Riedel Sources (ASX:RIE), which has a minor curiosity in Norwest Minerals’ (ASX:NWM) Marymia gold mission, has been reviewing tasks since March 2019.

The explorer, which spiked on no information final week, has simply gone right into a buying and selling halt relating to a “proposed materials transaction”. Ooooh.

You is likely to be eager about

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