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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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(6)
•••
Post by christoon Sep 24, 2011 12:55pm
433 Views
Post# 19080352

Ignore button

Ignore button  Hey Hawk you and I will make money on this one...the idiot posters don't realize that esp. in FAU's case,high prices

 for gold etc are particularily important as they're in the middle of nowhere...and using Hercules to move product...

...the product is concentrate so perhaps the use of the big planes and sea-going barges will actually prove to be fairly cost effective vis-a vis long gravel or ice roads with all the costs that go along with land transport...costs will be predictable and

Fire River,by shipping CONCENTRATE ,has added a lot of margin to the bottom line..I hope this REALLY tanks with the bloodbath so I can buy more...they're not going to stop the business because of the share price...but like every other producer they'll have to reconsider at low gold prices ...can someone tell where the ignore button is...can't seem to find it...

thanks in advance...

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