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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Post by capricorn2on Jun 06, 2011 8:53am

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Post# 18674493

Update.

Friday was a good position to enter as the value dropped way too fast watch it recover back up to $7 to$ 9 today.The problem was HERD MENTALITY on FRIDAY. Could be some truth in the large short sell stake Muddy Waters was holding which would benefit them tremendously? As soon as they prove that they are legit price will soar back to $ 18 to $20 range. Could be an easy triple or more here. Do your own DD. GLTA

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