Portofino Resources Inc. (TSX V: POR) represents an outstanding greenfield investment opportunity in lithium. With properties situated at prime addresses in Argentina, within the famed Lithium Triangle, and close to known resources, POR gives investors a ground-floor entry into what is forecast to be one of the hottest sectors in the resource market for considerable time going forward.
Burgeoning demand for lithium used in batteries for computers, electronics, grid storage, and electric vehicles has driven prices from $1,851.94 per metric ton in 2005 (inflation adjusted) to $9,100.00 in 2017. Forecasts for adoption of both electric vehicles and grid storage indicate growing demand for lithium and continued high lithium prices going forward.
Compared to shares of neighbouring companies, POR equity trades today at virtually shell value. The company, still at very early stages in development, is a speculative vehicle with upside potential that makes venture class opportunities like this worth owning.
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|Last Updated Date:||12-04-2017|