Member Info for Investor81

'Despite the need to raise funds within 12 months for the regional exploration activities, under the Company’s worst-case scenario, the Company has sufficient funds to operate until March 2022, and in the case of the Alpala Project, significantly longer, as funds from Franco-Nevada are ring-fenced for the development of the project and all exploration activities on the Cascabel concession, and related working capital.'

The way I read this is that if they were to not do much ie worst case scenario then they have money until 2022. However, to carry out exploration they will need to raise. No exploration means share price stuck but no raise? Exploration means growth but dilution?

This is confirmed on page 24.

'As the NSR Financing is ringfenced ... current working capital levels will not be sufficient to fulfil all aspects of the Group’s operational plan in the next 12 months. The management has doubts over the ability to undertake all planned regional exploration activities using current cost assessments for the highly prospective regional tenement portfolio. Accessing the most prospective regional drilling sites, conducting related planned drilling activities and technical services will require further funding. As such, the ability of the Group to continue as a going concern depends on its ability to issue further equity capital or secure other forms of
financing.'

What would that be worth now?

PORTAGE BIOTECH PROVIDES RESEARCH AND DEVELOPMENT UPDATE AND ANNOUNCES NASDAQ LISTING APPROVAL

NewsfileFEB 11, 2021 08:00 AM EST

-- Company to advance three clinical-stage programs in pipeline --

-- Portage has received approval and is preparing for NASDAQ listing --

Toronto, Ontario--(Newsfile Corp. - February 11, 2021) - Portage Biotech Inc. (CSE: PBT.U) (OTC Pink: PTGEF) ("Portage" or the "Company") today announced its 2021 research and development goals, including advancing three of its pipeline assets through clinical trials during the upcoming year. Portage also announced that it has received approval from the NASDAQ Capital Market ("NASDAQ") to list its common shares on the NASDAQ exchange, and expects to commence trading February 25, 2021 under the symbol "PRTG."

He is still adding. See new TR1.

Senegal AC results expected.

Planned RC and diamond drilling programme to round off before 3rd year investment anniversary (2/3).

Listen here https://t.co/h6sMJsoBw1

Another recent interview https://t.co/lATsYft0uo

For info I received the following response.

'Thank you for pointing out the typo, it should have read “we forecast total revenue of US$17.0m in 2021, increasing to US$33.7m in 2022. Post Phase 2 we forecast revenue to increase to US$146.8m in 2025.” The numbers originally shown were the revenues for the tin product only, not including the bi-products. I appreciate you reaching out.'

Manolo Zuniga, President & CEO of PetroTal, talks to @mgrahamwood about the Company’s recent $100m bond offering and its plans to further develop the Bretana oil field in 2021. https://t.co/AjvIwCKwCt

PD spotted this.

'Operational Metrics
Based on current metal prices of US$23,000/t for tin, US$150,000/t for tantalum and US$375/t for lithium oxide,
we would expect that Uis would generate US$17.0m in total net revenue in 2021, increasing to over US$33m in 2022
and 2023 (Figure 8).'

TPI provides its latest research note on AfriTin Mining Limited (ATM.L). https://t.co/x7e9DuALuH

'AfriTin Mining Limited
AfriTin Mining is an AIM-listed mining company focused on increasing production
levels at its 85%-owned Uis Tin-Lithium-Tantalum Project, located in Namibia. AfriTin
has evolved over the past 12 months, from being a tin focused development company,
to being a polymetallic mining company.

Additional studies completed by the company during the year have further highlighted
the importance of by-products, including tantalum and lithium, to further improve the
economics of its operations at Uis.

AfriTin has completed Stage I of its Phase 1 production ramp-up at its pilot mining and
processing facility, achieving 63.9 tonnes of tin concentrate (containing 41.6 tonnes of
tin metal) during November 2020. Following the optimisation initiatives implemented
over the course of 2020, the performance of the operation has exceeded nameplate
production.

2021 will see AfriTin focus on maintaining steady state production, while exploring
opportunities for further optimisation and expansion of the operation (Stage II). These
opportunities include a modular expansion of the plant throughput and potential
production of a by-product in the form of a tantalum concentrate using magnetic
separation. The company will also continue to advance its studies into the possibility of
producing of a petalite concentrate from the mine (Stage III).

Production Levels, Revenue and Operating Profit
We forecast the Uis Mine to produce 1,071t of tin concentrate and 51t of tantalum
concentrate in 2021, rising to 1,244t of tin concentrate, 58t of tantalum concentrate and
37,467t of petalite concentrate in 2022.
Following the Phase 2 development, commencing in 2023 we forecast production levels
to increase substantially, reaching 5,108t of tin concentrate, 483t of tantalum
concentrate and 156,114t of petalite concentrate in 2025.
Based on these production forecasts and metal prices of US$23,000/t for tin,
US$150,000/t for tantalum and US$375/t for petalite concentrate, we forecast total
revenue of US$15.4m in 2021, increasing to US$17.8m in 2022. Post Phase 2 we forecast
revenue to increase to US$146.8m in 2025.
This results in the Uis Mine generating an operating profit of US$7.5m in 2021, rising
to US$22.9m in 2022 and reaching US$75.9m in 2024 once Phase 2 commences.

TPI updates its base-case valuation
We have updated our risked valuation for AfriTin to 12p per share, from 9.5p per share
previously, this is an upside of 190% on the current share price. Our unrisked valuation
is 15p per share an upside of 262% on the current share price.'

He has actually added if you look at the numbers.

Sanchez thanks. I am all for a balanced view but when people post none sense which is completely incorrect it infuriates me.

Kcfb if it was directed at you specifically I would have tagged you. It was a general comment as I have seen a lot of people not invested crawling out today.

Seems like they are out in force. Never invested but quick to pick out on the points which make the news look bad and never mention all the positives. Have a good day all.

Yes but vanadium prices are flying so the share prices should be flying. After all the correlation is apparently there.

Results are decent in the grand scheme of things given the pandemic. A lot of investment made in the year which I am hoping will result in growth going forward both in terms of vanadium market and energy market.

' I am looking forward to accelerated progress in the coming year as part of a joint venture relationship and the Company is planning accordingly.'

Alfa then you see other companies have 100m plus market caps with nil revenue.

Unbelievable how BMN share price seems to suffer on anything negative for example market down or when vanadium price falls but all these days of vanadium increases and clear shift to batteries and uptake of VRFB across the world doesn't reflect. Still below pre covid prices. I still hold as I believe on the long term potential and growth.

Positive results from the highly prospective Kedougou-Kenieba Inlier that hosts our Senala project in Senegal were released by a neighbouring company today; these drill results are similar to previous #ORR drill results such as 20m @31.13g/t Au including 10m @60.98g/t Au https://t.co/Exjqr1z5pp

Just to add as and when the cash comes in the share price should rerate imo. Good luck.