Depends what sort of risk-reward profile you want. Safe or rank...

Depends what sort of risk-reward profile you want. Safe or rank speccy?

For lower risk but substantially priced in, something like COE. I think that's the closest in profile you will get to an up-and-coming AWE. Low risk project, high price environment, good capital profile, but the market knows it so upside is more limited.

For higher risk, something like CTP, COI or STX. STX has by far the most upside there. AJQ is another one but has limited upside. All four of these companies have exploration potential but will require both success with the drill bit and capital to deliver results.

I don't personally rate the risk-reward profile of BUL at all, I think it's well overvalued. I also don't rate GLL.

Personally I look for a cheap entry with potential big upside if the play comes off. Out of all the companies I've named above, STX is the best combination IMO. But DYOR of course.