Today on Stockhead, Dr Boreham puts Optiscan under his microscope for the first time since 2017, the ASX stocks starting the week with strong tailwinds, and the best and cheapest homes for sale in every state.

But first, to markets!

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

 

Gold: US$1,992.62  (+0.15%)

Silver: US$23.67 (+0.20%)

Nickel (3mth): US$16,435/t (-3.28%)

Copper (3mth): US$8,353.50/t (-1.13%)

Oil (WTI): US$76.125  (-1.11%)

Oil (Brent): US$80.13 (-2.23%)

Iron 62pc Fe: US$129.84/t (+0.00%)

AUD/USD: 0.6555 (+0.20%)

Bitcoin: US$37,250 (+1.20%)

 

WHAT GOT YOU TALKING

Our pet day trader explains shorting, and why he never does it.

 

FRIDAY’S ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks:

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Sunshine Metals (ASX:SHN)

17m at 22.14g/t from 67m…

That was the headline from drilling at Sunshine Metals’ Ravenswood Consolidated Project in North Queensland, where the heavily diluted $24 million micro cap may have struck paydirt in a gold and copper rich feeder zone to its 2.3Mt zinc, gold, copper, lead and silver VMS resource at the Liontown deposit.

It’s a bit of a game changer and why the stock price doubled on Friday.

“The stunning intercepts at Liontown are a great reward for the solid geological work completed by the team,” MD Damien Keys said.

Meanwhile, Riversgold (ASX:RGL) has acquired ‘a key 74 square kilometre tenement application directly along strike – just 8km northeast of the major Andover lithium (spodumene) pegmatite discovery of Azure Minerals (ASX:AZS).’

Nice.

That’s the spot in the lithium-famous Andover Corridor where AZS struck spodumene glory with drilling intersections of up to 209.4m at 1.42% Li2O.

Aurumin (ASX:AUN) said it had executed a deal with Polaris Metals, a subsidiary of Mineral Resources (ASX:MIN), for the sale of the iron ore rights on four of its Mt Dimer exploration tenements in WA.

The Mt Dimer exploration tenements are proximal to MinRes’ Carina iron ore mine.

Key terms of the sale include $250k payable to AUN on satisfaction of the conditions  precedent, plus progress payments of ~1.25 million and $1/t royalty on iron ore exported.

FRIDAY’S ASX SMALL CAP LAGGARDS

Here are the day’s worst performing ASX small cap stocks:

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