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  • Portage Resources, Inc. (POTG) is “One to Watch” 5 comments
    Jun 27, 2011 2:30 PM | about stocks: POTG

    Portage Resources, Inc. is a start-up mineral company in the pre-exploration stage. The Company is focusing on the exploration and production of precious and base metals in Peru. They plan to recognize and acquire near-term production mining properties.

    The Company’s sole mineral property, the ROK 1-20 Claims (the Portage Claims), was located in the Yukon Territory, Canada. In December 2009, the Company allowed the claims to lapse. Therefore, they have no further rights to the minerals associated with the ROK 1-20 claims.

    Subsequently, Portage Resources, Inc. has chosen Peru as their first area of expansion. Peru has a rich tradition within the mining industry and is now growing in economic strength in South America.

    Peru is the world’s largest producer of silver, third largest of copper and fifth largest of gold. The country is the largest producer of gold in Latin America. Gold accounts for a third of Peru’s export revenue. The vast reserve of Peru’s minerals is regarded to be only 10 percent explored nationally.

    This month, Portage Resources, Inc. announced that they appointed Mr. Paul Luna Belfiore as President, CEO and a Director of The Board effective June 13, 2011. Mr. Luna is an experienced senior manager with broad international experience in developing resources, mining exploration, drilling and mining production. He is a mining engineer with close to 20 years of experience within the mining industry of Peru.

    Last week, Portage Resources Inc. announced their new fully owned Peruvian subsidiary, Portage Resources SA. The new Peruvian company was formed as Peruvian law states that a Peruvian company must own all mineral rights within Peru.

    In addition, last week, Portage Resources Inc. announced that they signed a Letter of Intent to acquire the Linderos #4 property. They have set a date of on or before August 1, 2011 to complete the acquisition of the Linderos #4 property. This property is in the north part of Pachapiriana between Tamborapa and Tabaconas. The project is in close proximity to the border with Ecuador.

    Last Friday, the Company reported positive due diligence results on the Wukakuy Properties. These results advance Portage Resources, Inc.’s intention to acquire the Wukakuy properties.

    The Wukakuy Property consists of two mining concessions called “Wukakuy” and “Wukakuy Uno”. They total 600 hectares and are in the Putina District, Department of Puno, in southeastern Peru. The exploration targets on the Wukakuy Property are a series of stratabound zones of Ag-Pb-Zn mineralization hosted in Carboniferous to Permian-aged carbonate and clastic sediments.

    Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net

    Stocks: POTG
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Comments (5)
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  • bebopfu
    , contributor
    Comment (1) | Send Message
     
    Potg is a stock worth looking at. I purchased 1000 shares (with caution) just over a week ago at $.62, and sold at $1.22 this past Wednesday just 2 cents shy of its day and 52 week high. It was well over its market cap which probably prompted profit takers and short sellers to force the stock to correct itself in 1 day. I saw this as a great way to get back in, its a penny stock with some very positive attributes and if it is managed well, could bring impresive returns. Well worth $620.
    3 Jul 2011, 02:15 AM Reply Like
  • PattyD
    , contributor
    Comments (11) | Send Message
     
    Looking forward to 10:1 split...as of todate nothing happening.I have been in communication with co.looks like there is still time to grab stocks for foreword split.
    15 Aug 2011, 03:38 PM Reply Like
  • PattyD
    , contributor
    Comments (11) | Send Message
     
    Like I said if you do the math it's a possible winner.
    15 Aug 2011, 03:41 PM Reply Like
  • Traderkid123
    , contributor
    Comments (16) | Send Message
     
    Has anyone read the street sweeper report on this stock ? this company is a train wreck ran by insiders
    17 Aug 2011, 07:43 PM Reply Like
  • kimlan
    , contributor
    Comment (1) | Send Message
     
    There are many bad reports as well as many too good reports about the company; if we consider to invest in this stock, we must have a neutral perspective about it:
    This is a start-up company in its exploration stage so obviously it has no revenue yet. But if we believe that its accumulated properties are valuable and its leaders are good then buy the stock.
    Remember that stocks from start-up companies are always volatile and risky; you can be really rewarded or disappointed. Winning some money doesn't mean it's a sure bet, and loosing some money doesn't mean it's a scam either.
    19 Aug 2011, 03:59 PM Reply Like
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