#5 Pantoro (ASX
NR) Market Cap: $117.6m
Although Pantoro is already producing from its flagship Nicolsons project in WA, where its goal is 50,000oz a year, the company recently picked up a 50 per cent stake in the high-grade Norseman project.
“They need to get the processing plant up and running, but once they do that, this asset should be producing around 200,000 ounces a year,” Popple explained.
“Given 100,000 ounces will be theirs, if things go to plan, they should be producing about 150,000 ounces a year for the next few years.
“Not bad for a company with a market value of just $116m.”
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