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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 Preteriston Nov 17, 2011 10:20am
186 Views
Post# 19244746

RE: RE: RE: RE: RE: RE: RE: RE: RE: My 2 Cents..

RE: RE: RE: RE: RE: RE: RE: RE: RE: My 2 Cents.."Requiemd, I've never met anyone who spends any time investing thatdoesn't understand, or consider, compound interest vs. simple interest.Get into excel and in a cell type the following +1000^(1/25) and you'llsee that the actual growth is far, far less than 4,000% per year. Tellme this, if I double my investment portfolio in 10 years are you goingto say that I earned 10% a year? What happens to the earnings youmake? Do you just put them under your mattress?"

I'm no genius but this is funny.  If you doubled your investment portfolio in 10 years time, it would work out to an average of 10% per annum.  Do you doubt this?

As for each year's earnings of 10%, I would not hide them under my mattress, I would invest it.  Perhaps I might even purchase 19% of a viable revenue-producing company to make my investment portfolio to have HUGE gains, just like I have done before...
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