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 draxteron Jan 14, 2012 10:38am

386 Views

Post# 19403989

RE: RE: RE: RE: Monetizing Assets

only half joking...let me explain why:

I live on Vancouver Island and in my 'backyard' I have about 30 large trees. Most are 100 yeard old heritage trees, very valuable trees....I also have some gary oaks and arbutus. Those trees are sacred and its forbidden by law to cut them down, yet i still have to rake their leafs or pay someone to maitain them, they cost me money hence they are a liability. I could cut some trees, but cutting them down and hauling them away would cost me more than they are worth...would that make them an asset? I also pay taxes on the land but the trees dont pay a single dime while they just stand there, growing.

Preterist asked a general question and received a general answer.

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