Gold Digger: Which of these sub-$10m market cap battlers will be the next Predictive Discovery?

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.

We were friends with Predictive before they were cool.

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?

USD (yellow) and AUD (orange) gold prices over the past month.

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

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