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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 rockhounddogon Jun 18, 2010 5:40pm
525 Views
Post# 17203480

Review of the existing 43-101

Review of the existing 43-101In a private message this morning, I was asked about the current 43-101 technical report that they are now in the process of updating.Since getting into the investment side of this business, a few years ago, I was enthralled with the real and palpable lack of understanding the average investor has for these penny juniors and their published results. I am in the process of doing my own "UNOFFICIAL" review of the old or "un-updated" if you will, 43-101. Once completed I will publish my results on the forum for your review.

FOR CLARITY: Please be advised they will be my stated numbers and mine only and NOT for investment decision making. From first glance, the company appears to be undervalued. I DO NOT, as yet own share in this company. I DO have standing orders in the market.
Bullboard Posts