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 Nomad3on Mar 12, 2012 4:57pm

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Post# 19659257

RE: Plum Creek - Timber Rights comparison

Thats cheap . A couple years ago pine was going for $60/ton for board quality, therefore, that would have brought in about 12 000 acre if using the same metrics. Also, NA forests are usually trimmed, with half value being removed at year 16 to clear out weak trees and sold for pulp.

These are stumpage costs which are those that are paid to the landowner so it does not reflect actual value of the wood.

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@ the Bell: TSX advances to start off Christmas trading week