First Au Ltd V.FAU.H

Primary Symbol: FRSAF

Metals & Mining Gold

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 jRtrader1on Oct 06, 2010 10:56am

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Post# 17534597

RE: RE: thats why i'm in

They need to show more gold. Good news is it attractive to mine, but for me i wanna see more gold then that. disappointing its drifted lower with gold reaching new highs.. scares me a bit because i feel we are going to see a slight correction in gold price soon before we reach new highs, if that has an affect on FAU or not remains to be seen if that happens. I'm looking to get in at 44 cents when the rsi is at 30. Easy rebound gain if it gets that low with more drilling results coming soon. But i need to see more gold before i get in for the long term.

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