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 14, 2011 1:17pm

210 Views

Post# 19235818

RE: RE: RE: Small producers and output rates

FastTrade, You're kidding of course! That makes absolutely NO sense. The company has stated their goal is 50,000 ounces per year which is 4166 ounces per month. The price of gold is just fine. They aren't even remotely close to 4166 ounces per month. They are borrowing money and giving up control of their operation for that money? At a ratio of 5:1? What nonsense. And why no NR when they shipped dore to Johnson Matthey? THAT is a significant event. The dore contains [when we get our act together] MUCH more gold than the "gold rich" copper concentrate. Our President and COO apparently has little or no experience in gold production and the share price is tanking. Down over 30% in the last few months. Pathetic

Bullboard Posts

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