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Tony Locantro 'hunting for the next Northern Star' following Saracen merger

Alto Capital's Tony Locantro caught up with Proactive's Andrew Scott following the news gold miners Northern Star (ASX:NST) and Saracen (ASX:SAR) have agreed to a merger.

He says with the gold price where it is these miners are 'spitting cash' and adds that sometimes the best way to add to your profile is to go out and buy it rather than drill out a gold resource.

''I see an emerging sector of companies that are building resources that will become corporate targets.''

Locantro discusses his top five gold minnows which include Hammer Metals Limited (ASX: HMX), Dampier Gold Ltd (ASX:DAU), Metal Bank Ltd (ASX:MBK), Godolphin Resources Ltd (ASX:GRL) and Mako Gold Ltd (ASX:MKG)

Quick facts: Northern Star Resources Ltd

Price: 12.49 AUD

ASX:NST
Market: ASX
Market Cap: $9.26 billion
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