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.

OTCPK:FRSAF - Post by User

First Au Ltd

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Comment by ThyFishon Feb 06, 2013 9:49am

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Post# 20945458

RE: RE: 2013 Corp Presentation

Inspector, 25-30k oz of production would be acceptable to me too, but not at a cost of $1200 per oz. What happens if they miss the target or miss the cost per oz? The numbers are extremely tight to pull a profit with this guidance let alone pay back current debt and pull a profit. In addition they haven't bolstered their reserves by much either with any new N43-101's so the risk increases that this isn't even sustainable. I hope I am wrong and they are simply trying to under promise and really, really over preform.

PS, first place to start any DD IMO is on the companies website. 2013 Corporate Presentation is on the home page. https://www.firerivergold.com/s/Home.asp

GLTA ThyFish

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Gold begins to flow at Endeavour's Lafigué mine in Côte d'Ivoire