GREY:MLGAF - Post by User
Post by
siIverBullon May 22, 2011 4:38pm
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Post# 18612963
no-brainer
no-brainerJean Martineau, chairman and chiefexecutive officer of Malaga, commented: "There are no material changesin the company's operations or underlying fundamentals that can explainthe increased trading activity. The company's operations are proceedingas planned, and we are benefiting from the ongoing record increase inthe price of tungsten on the world market. The tungsten market remainsvery tight and reached an all-time high of $460 per MTU of APT[metric-tonne unit of ammonium paratungstate], representing ayear-on-year increase of more than 100 per cent."
drilling campaign is starting at its Pasto Bueno tungsten mine in Peru. The program will start in the southern part of the property and mainly in the mantos. The objective is to increase the reserves and resources of the property.
AGAIN,
successful increase of the reserves and resources combined with a successful Increase plant production capacity to 600 tpd by the end of 2011 and production output to 80,000 MTU in 2011 while keeping the costs low or even lower (decrease cash cost of sales per MTU by more than 10% to from US $127 to US $115)
THEN - this is a no-brainer.
gltal