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 thebakeron Apr 23, 2012 10:06am

219 Views

Post# 19823750

RE: RE: Mineral reserves.

#1 - Indicated and inferred are not reserves.

#2 - High grade drill results are not reserves.

#3 - The tailings are not reserves.

#4 - The $12.5 million loan was obtained in part to pay off a $7.5 million dollar loan. We do not know what was left of the $7.5 million. The company has not told us much about that.

#5 - I am not continually bashing the company, just questioning. If I am bashing at all it is the pumpers like you who seem to think they know everything.

It is good to see that you have developed a following of fools. I am not one of them. You should not be so hard on yourself. We both know that you are the idiot.

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