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 masspoweron Nov 13, 2012 8:55am

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Post# 20592277

Financing...power back in operation!

So Malaga is currently in negotiations to monetize all the copper by-product by the end of the current year and also intends to monetize other assets. I think the copper by-products should give them a good chunk of cash and also what are the other assets they talk about? Thinking it could be the Dynacor shares that trade around a $1.35 and become free trading at the end of this month. I think Malaga will have close to the cash needed for all mine expansions IMHO. Power will be restored by end of November...I think the mine will be back in full operation in December.

GLTA

masspower

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Advancing flagship Ishkõday Gold Project in Ontario