cluff a sensible buy?, page-15

Jerry

"Are they digging for anything else there?"

Company reports from 2010 include:
"....with major listed Indian entity Varun Industries Limited (Varun) for the exploration and development of gold, platinum and gemstone projects on highly prospective granted tenements in Madagascar"
http://www.cluff.com.au/html/releases.html

So they are obviously focusing on gold (given the massive potential) but there are other avenues that I read could be developed as stand alone projects.

They certainly have a few irons in the fire but perhaps the best bit seems to be new management with a cutthroat approach. Also have a look at the pay structure, the directors are drawing very little from the working capital, they have loaded it so if they perform they get paid, same as the shareholders.