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 Tomkinson Oct 25, 2011 5:11pm

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Post# 19180615

Feeling Much Better Now!!!!

Fire River Gold returned my call, Nina has said that she is trying to put together something for a NR hopefully next week. The new ore body announced on October is not below any water table, there is some down there but what is there will be needed for drilling. They are producing right now about 2,000 ounces per month at a cost per ton of about 700.00 per ounce.
The costs are a little higher but that is not uncommon in a mine which has just started up. They need to build on the number of ounces per month but again that will come over time.
So as far as I can understand, there is no reason for the price to be at this level. It should be much higher than this.

Bullboard Posts

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