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 Snegamookon Jun 04, 2012 8:16am

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Post# 19976755

RE: Your thoughts people...

I believe you are right in your thinking but dont expect much expert advice. We are going through troubled times of a kind nobody has seen in eighty years. If you live in the U.S. dont forget that that the government made it illegal for citizens to own gold. This might be repeated soon both there and in other countries. For this reason. I favour owning shares in gold producing companies is the best solution. There is nothing to choose betwee.n the dollar and the euro - both are tottering. Enforcing a law that prohibits gold ownership is impossible but they will get you when you try to sell!

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