Malaga Inc MLGAF

Metals & Mining Industrial Metals & Minerals

Malaga Inc. is a mining company. The company, through its subsidiaries operates tungsten mine and gold plant with mining and exploration activities focused in Peru. The operations, exploration and development activities on the Pasto Bueno Property are located in the Ancash Department, Central Peru. The company also owns and operates in a hydroelectric asset. The company owns 100% of the property, including all surface rights. The company processes the ore from its own mine.

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Malaga Inc

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Post by Jimmywhoon Jun 15, 2010 8:39pm

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Post# 17192136

The Latest from Trapeze

Malaga—a Tungsten producer in Peru—is now cash flow positive earlier than its recently announced schedule and raised $5m to accelerate its growth plans. The shares trade for
.13 (an $18m market value) but our appraised value is
.50 ($80m). Our 3-year target is
.90, a potential return of 7 times our current investment, or 90% per year. Malaga is the only Tungsten producer in the Western Hemisphere, no new mines are anticipated starting up anywhere until at least 2014 and demand for the commodity is increasing. Proceeds of the issue should allow drilling to be expedited so the company can continue to add reserves from its known 77 Tungsten veins. The company is essentially trading at 1x expected EBITDA as production is set to double in the next 12 months

https://www.trapezeasset.com/trapezeasset/newsletter/TAMI_June2010.pdf