First Au Ltd V.FAU.H

Primary Symbol: FRSAF

Metals & Mining Industrial Metals & Minerals

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.

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First Au Ltd

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Comment by JohnEStromJron Mar 08, 2012 1:20pm

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Post# 19644400

RE: RE: Matched All Time Low Close

superdobbs,

Go for it. That said your biggest concern should be - can they make that first payment in May. If they can they MIGHT make it but I would wait for a couple of more months to see if they made payments 2 and 3 as well. I would also point out that operating costs will increase if oil prices continue to escalate. The increase in diesel fuel could become a major issue cost-wise. Remember, every thing is flown in and out.

Personally I have doubts they will make it but that's the great unknown and why people gambe. I'm now through gambling on Canadian junior miners. Most do not make it and those that do manage to figure a way to screw the shareholders. Been there, done that, got the T shirt. ;)

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