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colaiscute

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Share price drifting lower due to lack of any news from CFR. Any of the following annoucements should start the price moving in the right direction.

 

1). Figures from CPH on the returns (or expected returns) from the sale of the rubies already mined.

2). Status report on the latest amount and grade of the rubies mined at Gloucester.

3). Results of the diamond drilling test at Bingara.

 

Has anyone got any ideas when we can expect any news?

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  • 2 weeks later...

hi all...

 

cluff resources....3.6 cents

 

its only a matter of time before we see it heading north.

 

cluffs announcement on friday was excellent news (suggest you read it).

 

over the next few months you will see what the potential gloucester has in regards to the ruby project..

 

once cluff start finding some reasonable sized and gem quality rubies then the share price will be heading north...

 

all i can say is you ain't seen nothing yet...

 

regards

http://www.asxboard.com/html/emoticons/cool2.gif

 

 

 

 

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The annoucement of Friday states that Cluff resources receives 20% of net profits for the sales of the gemstones marketed by Consolidated Press (CPH) and CPH buys the gems from Cluffs at production plus 10%. I was under the impression that Cluffs would receive a higher percentage for any rubies above 4 carats but this was'nt mentioned. Could anyone clarify this please.
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  • 2 weeks later...
  • 2 weeks later...

hi forecast..

 

we got an announcement today...

 

plus heaps more soon.

 

todays announcement was only an appetizer...

 

read between the lines....about real capacity 250 tonnes per day..!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

at present they are only working a limited amount of resource (150 tonnes per day). this last one was only 120 tonnes.

 

when they get the permits completed they be able too crank it up too 250 tonnes per day..!!!!!

 

so as even blind freddie can see when they get this extra capacity they'll be going extremely well..

 

take note of the couple of good gems found in this first lot of limited processing. just wait unitl they are going full steam ahead...!!!!!! wahooooooooooooooo

 

plus we haven't even talked about their other projects..!!!!

 

those who sit and wait, will be left behind..!!!!!!!!!!!!!!!!

 

Cluff Resources Pacific NL

ABN 72 002 261 565

Registered Office Postal Address Tele-Communications

1/30 Leighton Place Locked Bag 3355 Tel (612)9482 4655

Hornsby NSW 2077 Hornsby NSW 2077 Fax (612) 9482 4987

Australia Australia Internet www.cluff.com.au

24th February, 2004

The Manager (Companies),

Australian Stock Exchange,

Sydney.

Dear Sir,

GLOUCESTER RUBY PROJECT ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“

LARGER GEMSTONES RECOVERED FROM TRENCH 4 AREA

The Company has completed the processing of 120 tonnes of ruby bearing gravels from the Trench 4 area.

The concentrate recovered from this section revealed rough gemstones of a much larger size than the recently

excavated ruby pit area. Ruby grade was lower than from the pit area, at 4.7 carats per tonne, however there was a

larger proportion of facet quality gemstone. The largest stone recovered was a 10.8 carat low quality corundum,

and large gem quality sapphires were also found. Some of the larger stones recovered are shown in the table below.

Weight (carats) Colour and Description Quality

10.8 Deep red, some internal fracturing Corundum

3.6 Red, translucent Cabachon/Corundum

8.1 Deep green sapphire, no fractures Facet gem quality

5.7 Deep blue sapphire, semi-translucent Cabachon

6.3 Green/yellow sapphire, dogÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s tooth shape Facet gem quality

5.4 Green/Yellow sapphire, no fractures Facet gem quality

The gemstones from this area appear to be derived from a different source to those contained in the upper terrace

gravels, and are thought to originate from a large depression in the upper reaches of the Gummi River. A Statement

of Environmental Effects and application for approval for bulk sampling in this depression is in preparation.

Development Applications and an Environmental Impact Statement for the Gloucester Ruby Project have been

lodged with the local Councils, and a meeting was held last week on site to allow the various organisations charged

with approving the operation to familiarise themselves with the proposed affected areas, discuss any environmental

concerns, and to observe the mining methodology. After approval of Development Consent and lodgment of the

bond, the Company's plant will be permitted to increase its throughput from 150 tonnes per day at present to its full

capacity of 250 tonnes per day.

For further information please contact:

Scott Enderby on Phone (02) 9482 4655

Fax (02) 9482 4987

Email Cluff@bigpond.com

Yours faithfully,

Peter Kennewell.

Managing Director

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hi d.k

 

today was fantastic stuff..

 

things have been quiet lately, this is just the beginning of many good announcements.

 

ruby project

 

diamond project

 

sapphire project..

 

with the ruby project, i think cluff have just about found that neddle in a hay stack.

which means they have a good chance of finding many large carat rubies of gem quality..

 

which means big $$$$$$$$$$$$$$..

 

most likely now price will head north in anticipation of some good news..

 

regards

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IN REPLY TO A POST BY sandybeachs, Thu 26/02/04 04:58pm   [READ POST]

hi d.k

today was fantastic stuff..

things have been quiet lately, this is just the beginning of many good announcements.

ruby project

diamond project

sapphire project..

with the ruby project, i think cluff have just about found that neddle in a hay stack.
which means they have a good chance of finding many large carat rubies of gem quality..

which means big $$$$$$$$$$$$$$..

most likely now price will head north in anticipation of some good news..

regards

Sandy

Thanks I jumped on board @0.032 will hold and see what happens

 

 

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