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 BigChief2010on Jun 07, 2011 10:14pm

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Post# 18684450

RE: RE: RE: Still recommend SELL

The math indicates 47 m3 of wood per ha. this equates to one highway logging truck load per ha. The estimate of 48,000,000 m3 only equates to 120 m3 per ha. This is not much wood per ha. A typical pine stand in BC is about 300m3 /ha. A coastal stand averages 750 to 1500 m3 / ha. My point is that nothing is economical at 47 m3/ ha. Sino Forest would conduct fairly detailed cruise and inventory analysis. Their estimates of 48 million m3 sounds reasonable.

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