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 Preteriston Nov 11, 2011 9:26am

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Post# 19229207

RE: RE: Greenheart Release

"Greenheart Group (SF's Holding Company) Posted Q3 Earnings on Nov 8. TheQ3 report certainly speaks towards Greenhearts upwards sharepricemovement. Crunching some numbers - Greenhearts total net assets are$1,360,750,000 Hong Kong Dollars. Today's conversion rate is 1.00 HKD =0.129970 CAD, which brings Greenhearts Net Assets to CAD$176,881,444.42. Sino Forest Owns 64% of Greenheart, so Sino Forestsholding in Greenheart is worth CAD $113,204,124.43. Devide that by246.1 million Sino Forest Shares outstanding gives you an asset value ofa CAD
.46 per share based on SF's ownership in Greenheart alone. -SPS"

It also gives Sino Forest access to over $100,000,000.00 in funds...if they were to sell their stake in Greenheart.

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