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 gldblvon Jul 06, 2011 10:14pm

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Post# 18804240

RE: question

Hi Strapper, if you bought based on fundamentals and are confident management is achieving their goal, then wait and you will be rewarded well before gold hits $3000.

Actually I hope gold doesn't hit $3000 in the near future because that will mean major worldwide issues.

FAU doesn't need that POG to move. It just needs time that investor trust that management can deliver. That can happen in 12 months or tomorrow.

Me I am staying in unless and issue happens and up to now everything looks good. FAU is my biggest holding and I have great hopes for it. If things go as planed FAU will be over $1 in 1-18 months. That is a fair return for me. If it happens sooner I will sell some to invest elsewhere. If it happens later, then I will simply wait.

GLTA

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