Straits Trading Company

[port]

DEVELOPMENT OF THE RAPU RAPU POLYMETALLIC PROJECT

MSC has a 30% stake in project.

http://www.smedg.org.au/Tiger/Rapurapu.htm

http://msmelt.listedcompany.com/misc/ar2...00023.html

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Rapu Rapu processed 665,644 tonnes of ore in 2009 to produce 27,000 tonnes of copper concentrates and 20,000 tonnes of zinc
concentrates. The copper concentrates contained 6,487 tonnes of copper, 23,600 oz of gold and 321,500 oz of silver. About 10,000
tonnes of zinc were contained in the zinc concentrates.
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The divestment of the Group’s interest in KM Resources Inc
may take a bit longer than expected. The mine has performed
very well to date and is expected to contribute significantly to
MSC’s earnings. As a result of rising copper, gold, silver and
zinc prices, the valuation of KM Resources Inc has also risen
and MSC is seeking to enhance shareholder value by ensuring
it sells the project at prices reflecting this increase in value.