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:
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.