Gold Digger: Which of these sub-$10m market cap battlers will be the next Predictive Discovery?
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There aren’t any cheap gold stocks left on the ASX, some say.
But maybe they aren’t digging deep enough into the sub-$10m market cap ‘bargain box’ bracket.
It always pays to do proper research before you invest. Some microcap explorers couldn’t hit water if they fell out of a boat.
But lately, punters have been jumping onboard some absolute gems.
Explorers like Riversgold (ASX:RGL), which grew its market cap from $1.9m to +$20m on a cluster of good news, which includes well-known mining investor Tolga Kumova joining the register.
Golden State, which had a $2.5m market cap in January, is now worth almost $20m.
Then there’s the seminal Predictive Discovery (ASX:PDI) — a sub-$5m battler transformed into a stunning, $60m market cap butterfly.
The list goes on. Currently, there are 25 gold stocks on our list with a market cap under $10m.
That number is creeping lower as we speak.
One month ago, there were 31 gold stocks with a sub $10m market cap; two months ago, it was 36, and at the start of the year it was 45.
Where’s the next bargain stock multi-bagger coming from?
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop: