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At Diggers, Deloitte recognises the top three movers in the WA Index top 20, in terms of market cap growth, for the year ended 30 June 2019. They are:
But in terms of market cap growth over the same period, these three small cap explorers are the ones to beat, says Deloitte.
- Growth focussed gold producer Silver Lake Resources (ASX:SLR), which increased 240 per cent from $302m to AU$1.027 billion;
- Iron ore producer Mount Gibson Iron (ASX:MGX), which was up 141% from $386m to AU$1.151bn;
- And Fortescue Metals Group (ASX:FMG)which jumped 103 per cent from AU$13.6bn to a whopping $27.76bn.
High grade explorer Bellevue Gold (ASX:BGL)was up 417 per cent, from $68m to $351m;
Lithium darling Liontown Resources (ASX:LTR)jumped 396 per cent, from $31m to $153m;
And advanced graphite play Walkabout Resources (ASX:WKT)soared 234 per cent, from $40m to $135m.
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