Not many investors realise it but our two mining giants, Rio Tinto Limited (ASX: RIO) and BHP Billiton Limited (ASX: BHP), have outperformed the broader S&P/ASX 200 Index (ASX: XJO) (INDEXASX: XJO) in the past year.
That’s despite a huge 31% fall in iron ore prices and the worst gold price drop in over 30 years. But Rio and BHP aren’t alone…
In fact there are some ASX resources stocks which have completely smashed the market. For example, one small-cap in my personal stock portfolio (which I bought less than six months ago) is up more than 826% already!
Whilst I only threw $2,000 at it, that type of gain turns my small investment into over $18,000 based on today’s market price of around $3.00 per share.
Not a bad six-month return for simply clicking a “buy” button and sitting on my hands…
You’ve probably already guessed it, but the stock is Liquefied Natural Gas Limited (ASX: LNG).
More LNG’s to fuel your portfolio…
However, I’m not the only Australian investor singing the praises of ASX-listed resources stocks.
With the S&P/ASX 200 RESOURCES Index (INDEXASX: XJR) up nearly 10% in the past year, there’s a number of other investors with big smiles on their faces.
Just look at these movers…
|2014 gains, so far|
|Independence Group NL (ASX: IGO)||57%|
|Western Areas Ltd (ASX: WSA)||115%|
|Aquila Resources Limited (ASX: AQA)||48%|
|Kibaran Resources Ltd (ASX: KNL)||280%|
|Northern Star Resources Ltd (ASX: NST)||123%|
Source: Google Finance
3 ‘under the radar’ resources stocks
Recently, one top Motley Fool analyst compiled a ‘special report’ on three ‘high-risk/high-reward’ resources stocks which appear to hold exceptional value for willing investors.
It’s fair to say he got it right, with one stock up over 100% since he first tipped it! But, I think, there’s still room for it go higher…
Motley Fool Contributor Owen Raszkiewicz owns shares in Independence Group NL and Liquefied Natural Gas Limited.
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