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.

OTCPK:TOUBF - Post by User

Toubani Resources Ltd

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Comment by markvrdon Jul 13, 2011 1:32pm

260 Views

Post# 18826858

RE: RE: RE: RE: RE: RE: Very interesting

James,

With due respect TRE must deal with thousands of farmers and has just under 5000 employees. Many of the farmers probably get disgruntled when they realize their trees are worth a lot more than they sold them for. I'm trying to visualize the crime of "measuring a forest" and think what this is about is some disgruntled farmers who are peeved at the deal they got and who are now trying to make things difficult for the company.

This sounds like a very small time article about a minor dispute which you are trying to blow way out of proportion given that the ask is looking so thin today and if a couple of the smallish walls in the mid 4.40 range go down, some shorts are in for a major squeeze.

Mark

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