Brokers look for next big thing in WA gold as cash flows to developers

Aussie mining analysts are looking for the next big thing as capital flows from the cashed-up producers at the top of the gold game to the developers and small cap stocks below them on the food chain.

The latest example comes out of Canaccord Genuity and Perth gold expert Tim McCormack, who yesterday placed a spec buy label and 55c per share price target on Medallion Metals (ASX:MM8).