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 Stockbaggeron Jun 06, 2011 7:53pm

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Post# 18678284

Muddy Waters

Muddy Waters is an unknow small fish who made a big splash in a pond he normally doesn't swim in. 1.2 billion cash, solid balance sheet and 244 million shares. The company is trading near its cash price today. If you discount their forest, and receivables the worst the company would trade is around $4.00 for cash. His target of $1.00 shows he is not playing with a full deck.

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Visionstate set to leverage success in the U.S. market