	reynold metals rlm up on furman selz report shares of reynolds metals co rose sharply after wall street firm furman selz mager dietz and birney issued a report focusing on the strong ings potential from the company s australian gold holding traders familiar with the report said traders said the report notes that ings from australian gold holdings could be worth about cts to cts a share this year and dlrs to two dlrs a share in reynolds metals rose three points to on volume of shares reynolds owns stakes in the mount gibson gold project and the boddington gold project both located in australia an analyst familiar with the two mines said the properties together have a potential value of dlrs to dlrs a share for reynolds the analyst who asked not to be identified said the rise in the stock today was likely the result of u s investors that were not completely cognizant of the size or the importance of the reynolds holdings in australia traders said the furman selz report indicates that gold was discovered mixed with bauxite in the boddington mine boddington is principally a bauxite mine the traders said the report goes on to say that the profits from the boddington gold with substantially reduce the production costs of the other metals mined at boddington traders said furman selz also boosted its ings estimates expecting reynolds metals to  dlr a share in and eight dlrs a share in last year reynolds reported net ings of dlrs a share which included dlrs a share for adoption of new accounting rules dlrs a share for tax loss carryforwards and other extraordinary items reuter 
