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

Bullboard Posts

Comment by JohnEStromJron Nov 10, 2011 1:28am

244 Views

Post# 19225211

RE: RE: RE: RE: Do We Need New Management?

The dore bars only weigh 30 kilo or 66 lb or 792 troy ounces. If they contain 60% gold [475 troy oz] 30% silver [233 troy oz.] they would be worth about $840,000 give or take less refining costs. If we use the figure of 50,000 troy ounces of gold production per year we will be producing around 7.4 dore bars per month with a gross weight of approx. 488 lbs. I don't know if the dore is shipped out on the same carrier that hauls our concentrate or not. Probably is to Anchorage and then shipped by commercial to Johnson Matthey's facility in Utah

Bullboard Posts

WINNERS of the COP 29: Siemens Energy, Plug Power, dynaCERT!