Topic: How To Invest

Can I have your view on this small gold mining company: Cluff Gold. As always, your opinion is valued.

Article Excerpt

Cluff Gold plc, $1.15, symbol CFG on Toronto (Shares outstanding: 131.8 million; Market cap: $185.6 million; www.cluffgold.com), is a U.K.-based gold-mining company that operates in West Africa. Its shares are also listed on the London Stock Exchange. In Burkina Faso, Cluff operates the Kalsaka mine, which produces about 70,000 ounces of gold a year. The company is now focusing on increasing production at its wholly owned Baomahun project in Sierra Leone. This deposit could hold as much as three million ounces of gold. Cluff is now conducting a feasibility study to see whether it is worth building a mine at Baomahun. This study will be completed later this year. If the mine goes ahead, it could contribute an additional 157,000 ounces of gold to Cluff’s output every year. The company also believes the mine could be expanded further through exploration. In addition to the mine, the company is considering building a hydroelectric power station at Baomahun. That could be a..