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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Post by rockhounddogon Jun 20, 2010 4:58pm

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Post# 17205510

The most probable reason for the PP

. My speculation is that the increased drilling is reasoning for a joint venture or operating position by a major investor. They want a certain threshold of ounces before committing, otherwise with minimal efforts it could be producing. Why bother to raise money now ? Why not build the asset value and then joint venture or sell ? As I posted my version of the net asset value per share on Friday, if you add my numbers with the potential blue sky numbers in the other projects (use historicals if you dig deep enough) and use my formula, or a variation of it. Your eyes will see why they are doing this extra drilling, and be opened wide. Mine were.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?