Last week’s top performer’s share price jumped more than 170 per cent on the ASX. This episode uncovers its own finds across the resources sector including significant copper, gold and rare earths discoveries.
Brought to you by CPS Capital
FLASHPOINT - TRANSCRIPT
Tim - But first here's Matt Birney with the ASX Runners of the Week, thanks to CPS Capital.
Matt Birney - Thanks Tim, well, Codrus Minerals tripled this week after farming into a rare earths and niobium project in WA’s Wheatbelt. Its shares rocketed to 21 cents from just 6.9 last Friday.
Matt Birney - Iceni Gold sparkled this week after unearthing a swag of gold nuggets over several kilometres near Laverton - which begs the question; where’s the mother-lode? Its shares touched 19 cents, up from just 6.4.
Matt Birney - Redstone Resources put on 180 per cent after hitting high-grade copper in WA’s eastern Goldfields. Its stock finished last week at just point 6 of a cent and got to 1.4 cents this week.
Matt Birney - Besra Gold kept the hits coming, soaring 150 per cent on bonanza grade gold drilling intercepts in Malaysia - its shares touching 10 cents this week after closing out last Friday at just 4 cents.
Matt Birney - Notably the gold price has put on over a 100 US dollars an ounce this month – potentially adding about $10m to the bottom line of a 100,000-ounce-a-year gold mining operation – no doubt giving the gold bulls something to smile about.