they are fishing in the right pond

They are fishing in the right pond, perhaps that should read "ocean of iron ore".

In the following, note the location that Cluff is in and what paragraph 3. has to say. Is a billion tonne resource possible??? well its not impossible, but...

If they come out with a large headline potential resource expect the share price to blast through 10c if its more conservative 5 to 6c. Every dog has its day and Cluff appears to be heading that way. The tin and silver look interesting as well, but the I/O will drive it in the very short term.

The accumulation of options yesterday (34 million) was a significant event and often precedes strong rallies.

Cluff signs Indian ore mou. Four Iron ore lease applications, near Chitradurga in the Indian state of Karnataka ...

Wednesday, April 18, 2007
The Iron Ore Resources of Karnataka

Karnataka is endowed with rich deposits of iron ores; with approximately 9.03 billion tonnes or about 41% of India’s estimated total haematitic and magnetitic iron ore resources (Table 1).Iron ore mining industry is on the fast track growth in recent years consequent on high demand for iron ore in the global market especially from China.

3. Supergene enriched iron ores: Weathering, alteration and enrichment of Precambrian BIFs under surface conditions during Tertiary and Quaternary periods have produced abundant haematite rich supergene iron ores especially in Sandur and Chitradurga schist belts. These ores are friable, powdery and easily extractable form and contain 62 to 68 % Fe. These are the most preferred iron ores at present in domestic as well as export markets.