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.
Or Golden State Mining (ASX:GSM), which is currently drilling right next door to De Grey’s (ASX:DEG) regionally defining Hemi discovery in the Pilbara.
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?
Winners & Losers
Here’s how ASX-listed gold stocks performed for the period July 20 –24 [intraday]:
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:
| CODE | NAME | 1 WEEK RETURN % | 1 YEAR RETURN % | PRICE [INTRADAY FRIDAY] | MARKET CAP |
|---|---|---|---|---|---|
| VKA | VIKING MINES | 10 | 0 | 0.011 | $ 2,823,460.75 |
| AAJ | ARUMA RESOURCES | -10 | 0 | 0.0045 | $ 3,696,362.50 |
| GED | GOLDEN DEEPS | 22 | -61 | 0.011 | $ 3,858,367.75 |
| MLS | METALS AUSTRALIA | 0 | 33 | 0.002 | $ 4,811,029.00 |
| ARM | AURORA MINERALS | 0 | 57 | 0.022 | $ 5,153,864.50 |
| SMI | SANTANA MINERALS | 0 | -33 | 0.002 | $ 5,367,891.00 |
| SFM | SANTA FE MINERALS | 0 | -18 | 0.075 | $ 5,461,409.00 |
| OKR | OKAPI RESOURCES | -11 | 0 | 0.165 | $ 6,127,287.00 |
| GBR | GREAT BOULDER RESOURCES | 13 | 21 | 0.06 | $ 6,672,699.50 |
| CDT | CASTLE MINERALS | 23 | 167 | 0.016 | $ 6,811,547.50 |
| TMX | TERRAIN MINERALS | 20 | 200 | 0.012 | $ 7,231,610.00 |
| BYH | BRYAH RESOURCES | 2 | -33 | 0.054 | $ 7,284,288.00 |
| TSC | TWENTY SEVEN CO | 0 | 100 | 0.005 | $ 7,431,604.50 |
| ANL | AMANI GOLD | -33 | -60 | 0.001 | $ 7,838,196.50 |
| CXU | CAULDRON ENERGY | 0 | 5 | 0.021 | $ 7,902,086.50 |
| DHR | DARK HORSE RESOURCES | -25 | -50 | 0.0015 | $ 7,930,792.50 |
| KGM | KALNORTH GOLD MINES | 0 | 50 | 0.009 | $ 8,048,160.50 |
| AVW | AVIRA RESOURCES | -9 | 67 | 0.005 | $ 8,250,000.00 |
| NES | NELSON RESOURCES | 26 | 87 | 0.068 | $ 8,495,359.00 |
| DAU | DAMPIER GOLD | -9 | 14 | 0.032 | $ 8,575,552.00 |
| MOH | MOHO RESOURCES | 8 | 159 | 0.14 | $ 8,586,482.00 |
| TNR | TORIAN RESOURCES | -6 | 39 | 0.016 | $ 8,838,208.00 |
| A1G | AFRICAN GOLD | 33 | 16 | 0.18 | $ 9,119,471.00 |
| ALY | ALCHEMY RESOURCES | 18 | 60 | 0.02 | $ 9,358,914.00 |
| PGI | PANTERRA GOLD | -4 | 85 | 0.048 | $ 9,561,941.00 |
| NXM | NEXUS MINERALS | -3 | 48 | 0.068 | $ 10,038,349.00 |
| SLZ | SULTAN RESOURCES | 26 | 200 | 0.195 | $ 10,259,428.00 |
| PUA | PURE ALUMINA | 9 | -6 | 0.024 | $ 10,609,038.00 |
| AYR | ALLOY RESOURCES | 25 | 75 | 0.035 | $ 12,262,878.00 |
| BAR | BARRA RESOURCES | 5 | -5 | 0.021 | $ 12,526,831.00 |
| NWM | NORWEST MINERALS | 3 | -7 | 0.16 | $ 12,995,228.00 |
| CTO | CITIGOLD CORP | 25 | -17 | 0.005 | $ 13,005,866.00 |
| MSR | MANAS RESOUCES | 9 | 71 | 0.006 | $ 13,215,812.00 |
| BNR | BULLETIN RESOURCES | 1 | 316 | 0.079 | $ 13,267,687.00 |
| OAU | ORA GOLD | 0 | 100 | 0.016 | $ 13,453,524.00 |
| DTM | DART MINING | 39 | 130 | 0.23 | $ 13,492,639.00 |
| CWX | CARAWINE RESOURCES | 3 | 41 | 0.19 | $ 13,908,397.00 |
| TAR | TARUGA MINERALS | 6 | 61 | 0.038 | $ 14,840,324.00 |
| GNM | GREAT NORTHERN MINERALS | 21 | 130 | 0.023 | $ 15,619,656.00 |
| CGN | CRATER GOLD MINING | 50 | -20 | 0.012 | $ 15,957,446.00 |
| DTR | DATELINE RESOURCES | 0 | -33 | 0.002 | $ 16,420,156.00 |
| CY5 | CYGNUS GOLD | 19 | 126 | 0.215 | $ 16,432,727.00 |
| SAU | SOUTHERN GOLD | 0 | -24 | 0.13 | $ 16,682,738.00 |
| RML | RESOLUTION MINERALS | 21 | 176 | 0.094 | $ 16,721,129.00 |
| AMG | AUSMEX MINING GROUP | 13 | -75 | 0.035 | $ 16,974,618.00 |
| AQI | ALICANTO MINERALS | 18 | 18 | 0.071 | $ 16,974,754.00 |
| GWR | GWR GROUP | -4 | -50 | 0.07 | $ 17,828,736.00 |
| GUL | GULLEWA | 29 | 267 | 0.11 | $ 17,845,912.00 |
| KWR | KINGWEST RESOURCES | 26 | 6 | 0.17 | $ 18,285,806.00 |
| ONX | ORMINEX | -15 | -77 | 0.034 | $ 18,329,474.00 |
| GMR | GOLDEN RIM RESOURCES | 0 | 27 | 0.014 | $ 19,131,946.00 |
| GSM | GOLDEN STATE MINING | -3 | 289 | 0.35 | $ 19,366,988.00 |
| RGL | RIVERSGOLD | 3 | 290 | 0.069 | $ 20,017,660.00 |
| AME | ALTO METALS | 0 | 87 | 0.072 | $ 20,902,882.00 |
| E2M | E2 METALS | 13 | -27 | 0.18 | $ 20,992,030.00 |
| MKG | MAKO GOLD | 4 | 45 | 0.125 | $ 21,671,306.00 |
| KTA | KRAKATOA RESOURCES | 22 | 317 | 0.1 | $ 22,138,750.00 |
| HMX | HAMMER METALS | -5 | 60 | 0.04 | $ 22,906,078.00 |
| WWI | WEST WITS MINING | 17 | 200 | 0.021 | $ 23,531,904.00 |
| NAG | NAGAMBIE RESOURCES | 24 | 40 | 0.056 | $ 23,996,752.00 |
| LEX | LEFROY EXPLORATION | 2 | 19 | 0.255 | $ 25,121,686.00 |
| KRM | KINGSROSE MINING | 3 | 22 | 0.039 | $ 28,470,286.00 |
| AGS | ALLIANCE RESOURCES | 9 | 100 | 0.175 | $ 28,528,012.00 |
| ARS | ALT RESOURCES | 2 | 78 | 0.048 | $ 29,188,846.00 |
| LNY | LANEWAY RESOURCES | 13 | 0 | 0.009 | $ 29,880,528.00 |
| TLM | TALISMAN MINING | -3 | 86 | 0.16 | $ 31,726,826.00 |
| GML | GATEWAY MINING | 22 | 29 | 0.022 | $ 31,761,904.00 |
| GBZ | GBM RESOURCES | 28 | 183 | 0.105 | $ 32,840,362.00 |
| MAT | MATSA RESOURCES | 0 | 0 | 0.15 | $ 32,924,768.00 |
| GMN | GOLD MOUNTAIN | -14 | -29 | 0.049 | $ 33,303,458.00 |
| MCT | METALICITY | 4 | 208 | 0.024 | $ 35,293,672.00 |
| VRC | VOLT RESOURCES | -5 | 1 | 0.019 | $ 36,077,900.00 |
| AUC | AUSGOLD | 3 | 119 | 0.035 | $ 39,823,184.00 |
| AWV | ANOVA METALS | 10 | 180 | 0.032 | $ 39,905,328.00 |
| VMC | VENUS METALS | -7 | 74 | 0.27 | $ 42,302,032.00 |
| PRX | PRODIGY GOLD | 3 | -41 | 0.071 | $ 42,385,816.00 |
| BRV | BIG RIVER GOLD | 3 | 278 | 0.034 | $ 43,493,484.00 |
| MEI | METEORIC RESOURCES | 6 | 54 | 0.037 | $ 44,327,316.00 |
| ARL | ARDEA RESOURCES | 17 | 5 | 0.42 | $ 45,160,668.00 |
| HRN | HORIZON GOLD | -2 | 195 | 0.59 | $ 45,535,716.00 |
| ERM | EMMERSON RESOURCES | -2 | -23 | 0.1 | $ 46,010,388.00 |
| MEU | MARMOTA | -9 | 212 | 0.053 | $ 47,433,652.00 |
| MTH | MITHRIL RESOURCES | 30 | 420 | 0.026 | $ 49,061,028.00 |
| MLL | MALI LITHIUM | 11 | 4 | 0.155 | $ 49,188,956.00 |
| HAW | HAWTHORN RESOURCES | 3 | 173 | 0.15 | $ 50,027,340.00 |
| DGR | DGR GLOBAL | 0 | -20 | 0.068 | $ 53,653,436.00 |
| TSO | TESORO RESOURCES | 36 | 195 | 0.12 | $ 54,773,800.00 |
| MDI | MIDDLE ISLAND RESOURCES | 14 | 257 | 0.025 | $ 55,969,556.00 |
| TRY | TROY RESOURCES | -3 | -6 | 0.089 | $ 56,885,740.00 |
| SIH | SIHAYO GOLD | 0 | 133 | 0.028 | $ 58,737,560.00 |
| NVA | NOVA MINERALS | -10 | 108 | 0.052 | $ 58,783,036.00 |
| BRB | BREAKER RESOURCES | 4 | -35 | 0.26 | $ 60,143,220.00 |
| STN | SATURN METALS | 3 | 89 | 0.7 | $ 62,006,640.00 |
| HRZ | HORIZON MINERALS | 7 | 12 | 0.145 | $ 63,416,528.00 |
| PDI | PREDICTIVE DISCOVERY | -7 | 524 | 0.08 | $ 64,263,128.00 |
| NUS | NUSANTARA RESOURCES | 7 | 64 | 0.32 | $ 64,874,416.00 |
| GSN | GREAT SOUTHERN MINING | 10 | 202 | 0.16 | $ 65,455,324.00 |
| SKY | SKY METALS | -7 | 287 | 0.205 | $ 67,078,244.00 |
| FML | FOCUS MINERALS | 22 | 1 | 0.365 | $ 67,616,968.00 |
| ARV | ARTEMIS RESOURCES | -3 | 144 | 0.078 | $ 72,367,360.00 |
| ADN | ANDROMEDA METALS | 4 | 150 | 0.05 | $ 75,565,704.00 |
| BBX | BBX MINERALS | 11 | 0 | 0.2 | $ 77,208,216.00 |
| AAR | ANGLO AUSTRALIAN RESOURCES | 30 | 207 | 0.175 | $ 81,687,576.00 |
| BC8 | BLACK CAT SYNDICATE | -9 | 136 | 0.815 | $ 89,539,136.00 |
| VAN | VANGO MINING | -8 | -34 | 0.115 | $ 95,610,368.00 |
| TAM | TANAMI GOLD | 23 | 60 | 0.08 | $ 96,357,960.00 |
| AOP | APOLLO CONSOLIDATED | 10 | 73 | 0.38 | $ 98,219,888.00 |
| BCN | BEACON MINERALS | -5 | 13 | 0.036 | $ 103,114,056.00 |
| KZR | KALAMAZOO RESOURCES | 7 | 235 | 0.77 | $ 105,576,560.00 |
| TTM | TITAN MINERALS | 9 | -32 | 0.125 | $ 129,059,584.00 |
| RND | RAND MINING | 4 | -31 | 2.16 | $ 129,920,704.00 |
| KCN | KINGSGATE CONSOLIDATED | 8 | 119 | 0.58 | $ 132,342,176.00 |
| CAI | CALIDUS RESOURCES | 7 | 103 | 0.61 | $ 132,919,904.00 |
| WMX | WILUNA MINING | 7 | 41 | 1.405 | $ 138,892,928.00 |
| RXL | ROX RESOURCES | 0 | 436 | 0.075 | $ 145,938,816.00 |
| BDC | BARDOC GOLD | -11 | 8 | 0.086 | $ 153,261,664.00 |
| MML | MEDUSA MINING | 5 | 3 | 0.765 | $ 157,923,664.00 |
| SVL | SILVER MINES | 46 | 136 | 0.175 | $ 166,670,624.00 |
| OKU | OKLO RESOURCES | 4 | 115 | 0.355 | $ 167,671,168.00 |
| DCN | DACIAN GOLD | 2 | -52 | 0.315 | $ 175,223,408.00 |
| DGO | DGO GOLD | -3 | 292 | 3.25 | $ 195,759,520.00 |
| CYL | CATALYST METALS | 4 | 26 | 2.7 | $ 230,719,152.00 |
| TIE | TIETTO MINERALS | 5 | 297 | 0.695 | $ 253,231,760.00 |
| AUT | AUTECO MINERALS | 9 | 2471 | 0.18 | $ 274,256,320.00 |
| EMR | EMERALD RESOURCES | -3 | 50 | 0.57 | $ 298,521,344.00 |
| MAU | MAGNETIC RESOURCES | -1 | 212 | 1.42 | $ 299,517,344.00 |
| CHN | CHALICE GOLD MINES | 1 | 573 | 1.11 | $ 344,404,992.00 |
| TBR | TRIBUNE RESOURCES | 4 | 1 | 7.3 | $ 368,325,888.00 |
| CDV | CARDINAL RESOURCES | 7 | 100 | 0.73 | $ 381,367,776.00 |
| RED | RED 5 | 14 | 11 | 0.25 | $ 440,907,680.00 |
| CMM | CAPRICORN METALS | 7 | 154 | 1.965 | $ 629,092,864.00 |
| ALK | ALKANE RESOURCES | 9 | 203 | 1.24 | $ 738,108,608.00 |
| BGL | BELLEVUE GOLD | 1 | 70 | 1.06 | $ 863,056,384.00 |
| WAF | WEST AFRICAN RESOURCES | 3 | 173 | 1.05 | $ 918,597,504.00 |
| DEG | DE GREY MINING | 21 | 1267 | 0.82 | $ 918,961,920.00 |
| WGX | WESTGOLD RESOURCES | 10 | 22 | 2.46 | $ 1,050,575,680.00 |
| RSG | RESOLUTE MINING | 19 | -22 | 1.39 | $ 1,543,957,760.00 |
| GOR | GOLD ROAD RESOURCES | 8 | 39 | 1.94 | $ 1,737,434,624.00 |
| PRU | PERSEUS MINING | 9 | 111 | 1.51 | $ 1,761,383,168.00 |
| RMS | RAMELIUS RESOURCES | 12 | 165 | 2.21 | $ 1,821,457,024.00 |
| SLR | SILVER LAKE RESOURCES | 12 | 79 | 2.58 | $ 2,227,025,664.00 |
| SBM | ST BARBARA | 6 | 10 | 3.79 | $ 2,664,728,576.00 |
| RRL | REGIS RESOURCES | 7 | -6 | 5.85 | $ 2,988,638,720.00 |
| SAR | SARACEN MINERAL HOLDINGS | 7 | 51 | 6.22 | $ 6,860,606,976.00 |
| EVN | EVOLUTION MINING | 6 | 29 | 6.31 | $ 10,976,425,984.00 |
| NST | NORTHERN STAR RESOURCES | 8 | 15 | 15.9 | $ 11,800,397,824.00 |
| NCM | NEWCREST MINING | 6 | 4 | 34.79 | $ 27,852,533,760.00 |
The post Gold Digger: Which of these sub-$10m market cap battlers will be the next Predictive Discovery? appeared first on Stockhead.
Barry Stroman was a reporter for Zerg Watch, before becoming the lead editor. Barry has previously worked for Wired, MacWorld, PCWorld, and VentureBeat covering countless stories concerning all things related to tech and science. Barry studied at NYU.