Letter from the Chairman
Looking forward to the coming year, I believe that our exploration efforts
will be rewarded with a significant discovery. I believe that the combinationof Portal’s established portfolio of district-sized exploration projects,aggressive exploration plans in the coming year and an aggressive low risk – high reward acquisition strategy represents the best formula for success inthis ever changing marketplace. These factors, coupled with commodityprice strength, lead me to believe that the coming year will be yourCompany’s most exciting year for building shareholder value.
Portal is now in the right place at the right time.
I would like to express my sincere appreciation to our shareowners for theirsupport over the last year and wish you good health and prosperity in thefuture.
DAVID HOTTMAN
CHAIRMAN