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Malaga schedule and tungsten price update

I am pleased to report Malaga is operating according to schedule. Last Friday I was informed we are expected to receive our "medium producer licence " upgrade from Peru between late Q1 and early Q2. This key upgrade will permit the Company to increase its tungsten production from 375 tonnes per day (tpd) to the much anticipated 500 tpd rate.  

An updated factsheet and new PPT presentation will be ready before the Toronto PDAC conference.

The tungsten price is steadily rising in China as well the tungsten APT European bid price has increased from US $185 MTU to $205 MTU in the last month. 

Tungsten APT European free market $ per mtu
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17/02/2010
205
210
12/02/2010
205
210
10/02/2010
200
210
05/02/2010
200
210
03/02/2010
200
210
29/01/2010
197
210
27/01/2010
197
210
22/01/2010
195
210
20/01/2010
195
210
15/01/2010
190
210
13/01/2010
185
210
08/01/2010
185
210
06/01/2010
185
210
30/12/2009
185
210
23/12/2009
185
210
18/12/2009
185
210
16/12/2009
185
210
11/12/2009
185
210
09/12/2009
185
210
04/12/2009
185
210
02/12/2009
185
210
27/11/2009
185
210
25/11/2009
185
210
20/11/2009
185
210
18/11/2009
185
210