As most investors focus on large-cap resources, a number of smaller names have been drawing the attention of some analysts. Soaring commodities prices have ensured that diversified players Rio Tinto and BHP Billiton have declared record profits and boosted valuations to their highest levels since 2008. However at these elevated levels some investors may be reluctant to continue to buy into the bigger names and are considering some other stocks leveraged to the commodities boom.

Although iron ore mid-cap Fortescue Metals is just off 2½-year highs, the stock looks compelling to broker RBS which believes it is yet to fully reflect the rise in iron ore prices and its production growth.