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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 projects include the drill-ready, Yergo Lithium Project in Catamarca, and the drill-ready, Arizaro (Area IV) Lithium Project in Salta Province. Its Yergo Lithium Project encompasses the entire Aparejos Salar, in Catamarca Province, Argentina. The Company owns a 100% interest in the mining and concession rights for the 2,932 hectares (ha) drill-ready Yergo Lithium Project. It has 8,445 ha drill-ready Arizaro Lithium Project in Salta Province, Argentina. The Allison Lake North Property comprises seven mining claims totaling 2,288 ha and is located 100 kilometers (km) east of the town of Red Lake in northwestern Ontario. It also has other properties, such as South of Otter, Gold Creek, Melema West, Sapawe West, and Greenheart Lake & McNamara Lake. The 5,363 ha South of Otter property is situated within the Birch-Uchi-Confederation Lakes greenstone belt.


TSXV:POR - Post by User

Post by wersigon Feb 29, 2020 1:55pm
99 Views
Post# 30751328

February 28, 2020 - 05:16 PM 32 Reads Post# 30749334

February 28, 2020 - 05:16 PM 32 Reads Post# 30749334I have been a long time POR shareholder and have been of  many other stocks. I am not happy with performance, but I am pragmatic. All Lithium companies have been hammered over the last 1.5yrs, not just POR and the majority paid much much more $ for their acquisitions than POR.
Regarding the claim owner, I just asked the company- it is unsurprisingly easy to pickup the phone or send an email. I try to get information directly from the company prior determining next steps. As to Rio Grande status, it had previously been news released.
 
Regarding your comparable, NRG- the market did not move when the $18m? deal was announced last Nov, leading me at the time to to question whether it was real or would be completed. Since the Nov announcement, NRG shares have been consolidated on a 6:1 basis and they recently announced a financing at the eqiv of approx. $.03 pre-rollback! So you tell me if their deal is on??
Time will tell whether it is real or not and also whether POR can create value for shareholders.
 
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