New feature article on Portofino Resourceshttps://epsteinresearch.com/2023/02/27/portofino-resources-cheapest-lithium-portfolio-in-argentina/
Portofino Resources #POR is arguably the cheapest investment option into Argentina for #lithium. It controls via option up to six properties/projects. Two in Salta province and 1 in Catamarca province.
There is uncertaintity over the Yergo project in Catamarca. but mgmt. thinks it will work out in their favor in the coming months. Delays are always unwelcome, but this is not the end of the world. Portofino has gold and lithium prospects in Canada, but this article is only about the Company's #lithium assets in Argentina.
The argument is made that the ARG portfolio of assets alone is worth $10's of millions, yet is being valued in the market at just $3.5M. It might take drill results for the market to wake up to this opportunity, and that will take some time. However, sample and near-surface trenching results are expected from Portofino's Arizaro project by April. Buying this stock at 5c is very risky, but I think it has a lot more upside than downside. Mgmt. just raised $735k, so they won't need cash for several months. Between now and then they expect to be able to report a some ositive things.