Toubani Resources Ltd T.TRE

Primary Symbol: TOUBF

Metals & Mining Gold

Toubani Resources Ltd is an Australia-based exploration and development company. The Company is focused on advancing gold development projects with its oxide dominant Kobada Gold Project. The Kobada Gold Project is located in southern Mali, approximately 125 kilometers (kms) on a straight-line south-southwest of the capital city, Bamako, and is situated adjacent to the Niger River and the international border with Guinea. The Kobada Gold Project is based on one mining exploitation permit (Kobada) of 136 square kilometers (km2) and two exploration permits (Faraba and Kobada Est) of 77 km2 and 45 km2. The Kobada main deposit hosts 2.4 million ounces (Moz) of predominantly free-dig, oxide gold over a strike extent of 4.5 kilometers, which is also open at depth with mineralization open down dip. Toubani Resources Mali SARL is the wholly owned subsidiary of the Company.

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Toubani Resources Ltd

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Comment by netprofiteer2on Jun 02, 2011 4:37pm

495 Views

Post# 18664228

RE: RE: Muddy Waters in Hot Water

They seem to operate offshore so are beyond the reach of regulators. Sino's executives are in Hong Kong and that is why it has been hard to reach them. CNBC has just picked up this story. I have never seen anything quite this before and I have been around since long before Bre-X. Put option activity in the stock over the last few days has been a little "heavy" ...coincidence??

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