PNR rated #5 gold stock to BUY on *, page-2

#5 Pantoro (ASXNR) 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.”