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Malaga Inc MLGAF

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.


GREY:MLGAF - Post by User

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Post by doeron Jun 22, 2010 8:06pm
391 Views
Post# 17212680

Here I go again

Here I go againEvery once in a while I have to write something just to get it out of my system. It always has something to do with the fact that I don't understand why this stock isn't trading higher..... much higher! Here I go. They have the only operating tungsten mine in the Americas - China has stated that they will be curtailing their exports of tungsten so they can hang onto it for domestic uses - the price of tungsten is up dramatically - Malaga has upgraded their mill and it's capacity substantially - they are self sufficient in electricity  thanks to a hydro electric project that opened last year and they sell the excess to the National Peruvian Power Grid - they have just received approval for adding a secondary Hydro Electric Generating Plant at their site - they own 40% for their joint venture partner that will develop the Hydro Project and will probably end up making more money from Hydro then tungsten - they are sitting on 70 plus veins of tungsten and are in the midst of defining more through exploration - and they hold 13% of Dynacor Minerals, a gold producer and refiner, with some very interesting properties under exploration, have I missed anything?  Admittedly, they are not profitable right now, but isn't that the time when everyone should want to get in? You must know by now that I do own some of this stock (disclaimer) but give me a break, doesn't this look good to anyone else?
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