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 whoa_rimcheeseon Jun 18, 2011 8:27pm

187 Views

Post# 18734163

jameslast

Have some rebuttal to your two last posts.

Firstly, the business model is "different" but that it indicates fraud. Don't think so. Check out Plum Creek Timber and other companies in the US, who have standing timber businesses. Very, very similar model.

Secondly, the AI's, who deal with the cash, are responsible for taxes. The accrual by TRE is to be conservative, assuming that the AI's don't pay the tax. If the AI's didn't, PRC goes after TRE - simply. That is the accrual - it is not because of tax avoidance, or there being no transaction to pay tax on.

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