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 knowsnothing613on Aug 09, 2011 3:04pm

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Post# 18922966

RE: fed announcement

Everyone got on the QE2 bus because it was a riskless trade, given the Fed support, and ppl moving out of Treasuires into equities, and commodities. Now everyone is unwinding that trade. S&P is almost back to July 2010 lows. And that's where I believe we are headed, if there's more neutral or bad macro data.

TRE, fortunately is undervalued, and has strong buying intersests from big players, so who knows (assuming it's not a fraud) . But for your other stocks,..... I'm not too hopeful.

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