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Gold/Mining/Energy : Breakwater Resources (T.BWR) -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (797)	4/21/2000 7:37:00 PM
From: Harry K	Read Replies (1) \| Respond to of 962

Dundee Securities' Target: C$5.25 (by Robert Jackson, CFA - (416) 350-3231) - April 19, 2000 Issue of OVERNIGHT Excerpts: * " ... There is a very good chance that the deposit will grow in size with further exploration work." * "The deposit is located 10 km. from a port city with easy access to critical infrastructure" ... * We recognize the political risks in Algeria, but this deal has the potential to be a real company maker, particularly given the growing experience base that the company has in North Africa." Note: Dundee Bancorp Inc. beneficially owns >20% of Breakwater Resources Ltd. Dundee Securities Corp. is a subsidiary of Dundee Bancorp Inc.