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Portofino Resources Inc V.POR

Alternate Symbol(s):  PFFOF

Portofino Resources Inc. is focused on exploring and developing mineral resource projects in the Americas. The Company’s metals projects include the Yergo Lithium property, which encompasses the entire Aparejos Salar, located within the Lithium Triangle in Argentina, as well as three Ontario, Canada lithium projects-Allison Lake North (Red Lake), Greenheart Lake (GL) and McNamara Lake (ML). The Allison Lake North Property comprises seven mining claims totaling 2,288 hectares (ha) and is located 100 kilometers (km) east of the town of Red Lake in northwestern Ontario. The GL Property comprises three claims (60 cells) totaling approximately 1,200 hectares. The GL Property lies 10km southeast of International Lithium’s Raleigh Lake lithium project and 15 km northwest of Grid Metals Campus Creek lithium project. The ML Property comprises three claims (56 cells) totaling approximately 1,120 hectares. The South of Otter property consists of approximately 5,363 hectares.


TSXV:POR - Post by User

Post by GarryJan1on Feb 08, 2021 11:27am
139 Views
Post# 32500843

Wohoooooo looking great. Neo Lithium here we come.

Wohoooooo looking great. Neo Lithium here we come.
@EpsteinResearch $POR -- I was actively involved in lithium juniors back in 2016-17 when a bunch of names had crazy performance. Today, we're seeing the same massive rally in 20 or perhaps more names. The top 10 lithium juniors are up AN AVERAGE of 1,300+% from their 52-week lows! Portofino has a very good early-stage project, about 15 km from Neo Lithium's world-class project. Neo has one of the best [possibly the single best] Li brine projects on the planet. So, yes I agree with @X-flyswatter that Yergo could be quite exciting. Argentina is a big place, there are a lot of lithium brine salars, but relatively few projects have what it takes to make it into production -- grade + low impurities. Yet, that's exactly what Neo's project has -- very high grade + very low impurities. In fact, come to think of it, Yergo has already demonstrated low Mg levels in various samples (no drilling yet), so that's a good start. Ultimately, management may choose to monetize Yergo and redeploy proceeds into gold in Canada OR gold / silver in Argentina. They sold off another Li project to Galan Resources last year. That project was decent, but it's in the crowded hombre muerto salar. Portofino realized they could not advance the project themselves (due to limited financial resources, before lithium got hot again). I truly believe that Yergo is as good or better than the property they sold to Galan, and the lithium market is so much stronger now than it was a year ago. Remember, mgmt. has a vast network and boots on the ground in Argentina. Lots of optionality is this story and a tiny C$9M market. cap.
 
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