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Gold/Mining/Energy : Redfern Resources One to Watch?? T.RFR

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To: Tommy who wrote (24)4/9/2000 1:28:00 PM
From: zinc-man   of 36
 
Tommy,

All is well in the RFR camp. They are spending most of their time working up a strat. for the "NewCo".

We have seen tremendous support at the .40cnd point, so IMHO, that is a strong bottom.

This project will be a gem when the markets turn in our favor. We are starting to see a weaker US dollar worldwide. This will help all metal stocks as well as demand.

Zinc inventories will not be a factor until they get to the 240-245K range. They are manipulated and can not be trusted as a strong indicator until the critical levels are broken.

Actually- Historically price has risen w/ inventories levels once the market turns in favor.

Even if it takes 24 months for RFR to reach 5.00. That is still a better return than most .com or inter"nut" plays we have seen.

EuroZinc will have their study out shortly, this should help RFR also.

Keep the faith. Buy low- Sell High. Easy to say- Hard for most to practice.

Good to hear from you...

ZM
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