Gold rush in the Pilbara sends share prices rocketing for small cap explorers

Western Australia’s fabulously rich Pilbara area is now in the midst of a gold rush which has seen the share prices of a swag of junior resources companies skyrocket and caused a rush on pegging and acquiring potential gold leases.

Of course the Pilbara for many decades has been known as the source of Australia’s fabulously rich iron ore mines which power Australia’s export performance and the fortunes of mining heavyweights BHP, Rio Tinto and Fortescue plus a host of juniors.

This time it is the rolling hills near Karratha that are the focus of an exploration effort that is as novel as it is exciting.

It has sent the prices of a series of junior explorers rocketing to multiples of four and more, which is a serious boom in this sort of market.

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