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 riverrowon Jan 10, 2012 6:22pm

342 Views

Post# 19388644

RE: RE: RE: RE: RE: LOL but in a not good head sha

When you stop and think about it the "missing gold" won't really matter until all the rest of the gold has been mined out. The "missing gold" might have extended the mine life by no more than six months. If FAU mines gold for 10 years than another six months won't matter much and most of us investors will be long gone. Also, who knows what the price of gold will be then and what profit FAU would make on the mine of that gold. Until we know that a dollar figure on the losses can't be determined. Cheers.

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