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Why I think these two ASX shares could turn $5,000 into $100,000

Argosy and BrainChip could reach for the stars within the next few years.
The post Why I think these two ASX shares could turn $5,000 into $100,000 appeared first on The Motley Fool Australia. –

I’m a big believer in investing in emerging ASX growth shares for the medium term.

For example, if you had picked up Vulcan Energy Resources Ltd (ASX: VUL) shares two years ago, you’d be up more than 2,500%. That means an initial $5,000 investment would have given you a total return of more than $133,000.

Show me a property or term deposit that can give you a return of 20x in just two short years.

Of course, companies like Vulcan Energy only come around so often. However, the idea is to monitor the share market news and look into ASX shares that present strong growth potential.

If you can identify the right emerging ASX growth share, it could possibly be worth a fortune down the track.

Below, I’ve chosen two ASX shares that I think investing $5,000 now can turn into $100,000 within the next five years. Big call. Let’s take a look.

Argosy Minerals Ltd (ASX: AGY)

Argosy is a mining and exploration company with a 77.5% interest in the Rincon Lithium Project in Salta Province, Argentina. The flagship mine is situated within the ‘lithium triangle’ – the world’s dominant lithium production source.

The company also wholly owns and operates the Tonopah Lithium Project in Nevada, United States.

Argosy has been creating tailwinds over the past few months as construction at the Rincon Project nears completion.

With its first production of lithium carbonate product expected in the next quarter, this will be sold to domestic customers in Argentina.

The hype around the lithium space has continued to surge with investors taking notice of the incredible gains made so far.

Argosy is progressing towards the next stage of ramping up its modular 2,000 tonne per annum (tpa) operation to 12,000tpa.

The company’s shares are up almost 400% over the past 12 months after finishing 3.57% higher to 43.5 cents yesterday.

The promising lithium mining company has a market capitalisation of just $541.90 million.

In comparison, investor favourite Pilbara Minerals Ltd (ASX: PLS) has a market capitalisation of $8.25 billion.

If Argosy can reach those levels, then shareholders could be expecting returns of around 15x from where it trades today.

BrainChip Holdings Ltd (ASX: BRN)

BrainChip develops software and hardware-accelerated solutions for advanced artificial intelligence (AI) and machine learning applications. The company’s primary focus is its Akida neuromorphic processor unit hardware product.

In layman’s terms, the Akida chip thinks like a human brain and can be used globally in a variety of purposes.

I think BrainChip has huge potential to materially grow in the future, particularly given its partnership with NASA. This is due to its advanced Akida chip which could offer huge advantages for NASA’s future space missions.

Cutting-edge technology mixed with insatiable demand is an investor’s dream, in my opinion.

Valued at $1.97 billion, BrainChip is still a relatively emerging company that is looking to dominate the AI market.

While the BrainChip share price has been volatile, it’s up 90% since this time last year.

In January, the company’s shares soared to an all-time high of $2.34 before profit-takers swooped in.

Should BrainChip be able to deliver on its potential, I think its share price is extremely attractive at the price of $1.06 apiece.

Remember Foolish readers, investing requires immense discipline and patience.

The post Why I think these two ASX shares could turn $5,000 into $100,000 appeared first on The Motley Fool Australia.

Should you invest $1,000 in ASX growth shares right now?

Before you consider ASX growth shares, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and ASX growth shares wasn’t one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of January 13th 2022

More reading

Why is the BrainChip share price tumbling 5% on Wednesday?
Why BHP, BrainChip, Chalice Mining, and Fisher & Paykel shares are dropping
Why BrainChip, Codan, Elders, and Karoon Energy are storming higher
Why is the BrainChip share price rocketing 15% higher today?
The BrainChip share price just plunged 8%, what happened?

Motley Fool contributor Aaron Teboneras has positions in Argosy Minerals Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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