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Toubani Resources Ltd T.TRE


Primary Symbol: TOUBF

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

Bullboard Posts
Comment by Preteriston Apr 27, 2012 3:32pm
251 Views
Post# 19845604

RE: 1.67% of China's forest plantations

RE: 1.67% of China's forest plantations

"Li said China has the fifth largest area of natural forestation in the world, covering over 300 mln hectares and worth over 400 bln yuan."

Now, if this is true and Sino Forest is representative of the same kind of quality and quantity, then:

300,000,000 hectares = 400,000,000,000 Yuan

1 hectare = 1,333.33 Yuan

If SF has 880,000 hectares, then, at this price, they are worth 1,173,330,400 Yuan.

However, 1 Yuan = .158692 U.S. Dollar

Therefore, in U.S. dollars, all of SF's trees are worth 1,173,330,400 X .158692 = $186,198,147.00

Bullboard Posts