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First Au Ltd V.FAU.H


Primary Symbol: FRSAF

First AU Limited is an Australia-based advanced gold and base metals exploration company. The principal activity of the Company is exploration for gold and other metals in its interests in mining tenements located in Western Australia and Victoria. It is engaged in pursuing exploration programs at its Victorian Goldfields Project in East Gippsland and its 100% owned Gimlet Gold project near Kalgoorlie. The Victorian Gold Project is located in the Gippsland region, which is in the historic mining area of Swifts Creek and is focused on the Haunted Stream and Snowstorm Projects. The flagship Haunted Stream Project is located in East Gippsland Victoria (340 kilometers (km) South East of Melbourne). The Company’s Gimlet Gold Project is located approximately 15 km northwest of Kalgoorlie, Western Australia EL26/174 and application M26/849 -9.6 square kilometers. The Snowstorm Prospect is located within the historic Swifts Creek Goldfields in the East Gippsland region.


OTCPK:FRSAF - Post by User

Bullboard Posts
Post by sysaphuson Jan 02, 2012 11:18am
514 Views
Post# 19363856

LOL but in a not good head shaking way.

LOL but in a not good head shaking way.

How does a mining company not know that the best part of thier resource has been "previously extracted"? That is the best one I've heard in over ten years of junior explorer/miner gambling. If that is truly the case, what other basic issue have they %ucked up on?

I can't believe anyone other than a paid shill for this company would even attempt to shrug off or explain this level of incompetence [giving them the benefit of the doubt here] off with "well it wasn't proven anyway" so what's the big deal?" type B.S. If anyone believes that nonsense please contact me because I've got a bridge for sale.

It actually is a BIG deal when the better part of your resource suddenly vanishes.

Someone recommended this to me over a year ago. I took a look at it and it just didn't smell right to me so I stayed out.  Glad I did. I still check in occasionally to see if maybe I might want to get in which is why I saw the latest bad news. I was going to say "unbelievable news" but this is Canada and this is the venture exchange so really, it's not that unbelievable. Too bad.

Good luck.

 

 

Bullboard Posts

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