Malaga’s tungsten production has now risen to about 375 t/d from 250 t/d and is on schedule to be at 500 t/d by mid-'10. At that point it should be worth more than 3 times the current share price. And, the cash flow from increasing production should drive the valuation even higher with the wherewithal to drill off part of 25 major structures within the 77 known tungsten veins. To boot, tungsten prices have strengthened and the company has a plan to generate additional revenues from its silver and copper off-take and from a hydroelectric plant.
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