http://www.galahadgold.com/
http://www.northerndynastyminerals.com/ndm/Home.asp

Extracts From Chairmans statement in last finals of 10th FEB 04
---------------------------------------------------------------
The Group was formed on completion of a transaction in which the assets of
Shambhala Gold Limited and shares in Skaergaard Minerals Corporation were
acquired by Galahad Capital plc, a company quoted on the AIM market of the
London Stock Exchange. This transaction was announced on 29 October 2003 and
completed on 23 December 2003. The name was changed to Galahad Gold plc on
completion.

Galahad is now a sizeable mining and development company which has the potential
to benefit from opportunities in the precious metals resource sector. It remains
Galahad's aim to own properties with resources containing a total of at least
50m ounces of precious metals gold equivalent. To date Galahad has acquired two
mining projects:

•A 21.9% shareholding (33.25% on a fully diluted basis) in Northern
Dynasty Minerals Limited which has the right to acquire 100% of the Pebble
project in Alaska USA; and

•A 100% shareholding in Skaergaard Minerals Corporation, which owns the
Skaergaard project in Greenland.

Your board believes that the Skaergaard project provides a highly-leveraged
exposure to any increase in the price of gold, platinum and palladium and the
Pebble project provides similar exposure to any increase in the price of gold
and copper.

FINANCIAL YEAR HIGHLIGHTS

•The acquisition of Shambhala Gold Limited and shares in Skaergaard
Minerals Corporation was successfully completed.

•As part of this acquisition, Galahad Gold plc acquired a 21.9%
shareholding (33.25% fully diluted) in Northern Dynasty Minerals Limited, a
Canadian quoted company with an option over 100% of the Pebble project in
Alaska.

•Northern Dynasty Minerals Limited recently announced that the Pebble
project contained 26.5m ounces of gold and 16.5 billion pounds of copper,
making it the largest gold deposit in North America in terms of contained
gold and the second largest copper deposit in North America in terms of
contained copper.

•The successful 2003 development programme at the 100%-owned Skaergaard
deposit in Greenland.

http://www.galahadgold.com/ggp/projects/srk/SRKConsultingReport.pdf

Further highlights since 31 DEC 03 year end.

22 Jan 04 http://www.galahadgold.com/ggp/media/releases/2004-01-22/

29 Jan 04 GALAHAD GOLD PLC Skaergaard - results of 2003 drilling and plans for 2004

30 Jan 04 http://www.galahadgold.com/ggp/media/releases/2004-30-01/

09 Feb 04 http://www.galahadgold.com/ggp/media/releases/2004-02-18/

10 Feb 04 http://www.galahadgold.com/ggp/media/releases/2004-02-23/

11 Feb 04 GALAHAD GOLD PLC Placing by Northern Dynasty Minerals Limited

07 Apr 04 DYOR TODAY DIRECTORS BUY IN!!

Galahad Gold Plc
07 April 2004


Galahad Gold plc
('Galahad Gold' or the 'Company')

Director Shareholdings

The Company has been informed that certain Directors have acquired new ordinary
shares in the Company as part of the recent placing of new ordinary shares at
12p per share. Details of their placing participations and new shareholdings in
Galahad Gold are set out below:

Director No. of shares acquired in New Percentage of issued
the Placing shareholding share capital

Ian Watson 794,633 220,877,573 39.28%

Jim Slater 468,383 63,507,133 11.29%

Mark Slater 345,491 38,611,491 6.87%

Lord Wolfson
of Sunningdale 345,491 3,661,991 0.65%

http://www.axisto.com/bbcnbc/index.aspx?config=data/galahadgold/260204/config.xml

This company looks very much as if its SP is worth the interest of instutional investors as GLA's prospects for its Pebble Project become more certain of a growth investment. Check out the following :-

GALAHAD'S SKAERGAARD DEPOSIT IN GREENLAND RAISED TO INFERRED MINERAL RESOURCES
STATUS


GALAHAD GOLD PLC ("Galahad")Preliminary Assessment of the Pebble project, Alaska, USA

GALAHAD GOLD PLC ("Galahad")Northern Dynasty Minerals Limited listing on American Stock Exchange with symbol "NAK"

Check out this website Northern Dynasty Minerals in which Galahad holds a 35.81% interest and the following RNS released to see why this company's SP is going places! On the release of this news the SP surged 11.54% today! Lots more growth to come IMO.

Galahad Gold Plc
17 November 2004


GALAHAD GOLD PLC ('Galahad')
Northern Dynasty Minerals Limited - Drilling Report

Galahad Gold PLC (AIM:GLA) announces that Northern Dynasty Minerals Limited
(TSX Venture: NDM; AMEX: NAK), in which Galahad holds a 35.81% interest, has
released a drilling report for the Pebble project in Alaska, USA, the full text
of which appears below.

Commenting on the report, Ian Watson, Galahad's Chairman, said:

'These positive results indicate the continuity and extent of the deposit and
its higher-grade areas. Deposit mineralization is persistent over a broad area
with little internal waste. These factors and the deposit's near surface
geometry provide an ideal configuration for low cost, open pit mining.'

Enquiries to:
GALAHAD GOLD PLC
Ian Watson/Alastair King Tel: 020 7408 2002
PARKGREEN COMMUNICATIONS
Simon Robinson/Justine Howarth Tel: 020 7493 3713
SEYMOUR PIERCE
Mark Percy/Jeremy Porter Tel: 020 7107 8000

Notes to Editors:

Galahad Gold plc is an international mining development company quoted on the
AIM Market of the London Stock Exchange under the symbol GLA. It has three
current projects, all in politically safe locations:

+ 35.81% of Northern Dynasty Minerals Limited the owner of the Pebble
project in Alaska which contains the largest gold deposit in North
America and the second largest copper deposit;
+ 100% of Skaergaard in Greenland, one of the largest palladium
deposits outside South Africa and Russia; and
+ 100% of Malmbjerg in Greenland, one of the largest primary molybdenum
deposits in the world.

Galahad's attributable Inferred Mineral Resources:-

+ 20.12m ounces of gold;
+ 3m ounces of platinum;
+ 35.1m ounces of palladium;
+ 8.74bn lbs of copper; and
+ 313.2m lbs of molybdenum

These figures exclude Malmbjerg's molybdenum and the extensive vanadium and
titanium deposits in Skaergaard.

Further information on Galahad may be found at
www.galahadgold.com


The announcement below was released by Northern Dynasty Minerals Limited ('NDM')
yesterday. Galahad Gold PLC has not sought to verify any of the contents of the
press release below.

Northern Dynasty Minerals Ltd.
1020 - 800 West Pender Street
Vancouver, BC
Canada V6C 2V6
Tel 604 6846365
Fax 604 6848092
Toll Free 1 800 6672114

http://www.northerndynasty.com


DETAILED DRILLING IS CONFIRMING CONTINUITY AND EXTENT
OF GIANT PEBBLE GOLD-COPPER-MOLYBDENUM DEPOSIT

November 16, 2004, Vancouver, BC - Ronald W. Thiessen, President and CEO of
Northern Dynasty Minerals Ltd. (TSX Venture-NDM: AMEX-NAK) is pleased to
announce initial assay results from Northern Dynasty's 2004 drilling program
which has now been completed at the Pebble gold-copper-molybdenum deposit in
southwest Alaska. This core drilling program was designed in collaboration with
Roscoe Postle Associates Inc. to systematically upgrade a significant portion of
the Pebble deposit's current inferred mineral resource to measured and indicated
categories and to determine the deposit's full lateral and depth extent.

A tabulation of assay results received and compiled to date from drilling of the
Pebble deposit along with a location map are attached to this news release and
posted at
www.northerndynasty.com
. These positive results are confirming the
continuity and extent of the deposit and its higher-grade areas. Numerous broad
assay intervals compare favourably with the average grade of the resource
estimated by Norwest Corporation in February, 2004. Deposit mineralization is
persistent over a broad area measuring at least 3 kilometres east-west by 2
kilometres north-south with little internal waste. These factors and the
deposit's near surface geometry provide an ideal configuration for low cost,
open pit mining. An additional 102 drill holes within and adjacent to the
deposit are now being processed through the data logging, assaying, and quality
control/quality assurance procedure and will be reported when they are compiled
and approved. It is expected that all holes drilled in 2004 will be reported
before year end. Upon receipt of all final assays, a new resource estimate by an
independent engineering company will be commissioned, with results expected to
be reported in the first quarter of 2005. Detailed pit design work and
feasibility level mine planning will then commence.

In 2004, the Pebble project made the important transition from exploration to
detailed work to support mine development and permitting. A US$25 million
comprehensive 2004 work program has progressed according to schedule and is
nearing completion. This program is designed to collect the engineering,
environmental and socioeconomic data for the 2005 completion of a Feasibility
Study and Permit Applications for the construction and operation of a long life,
large-scale, open pit, gold-copper-molybdenum mine. Program components include
systematic diamond drilling to convert inferred mineral resources to measured
and indicated categories, comprehensive project engineering and site testing, as
well as thorough environmental and socio-economic planning, data collecting and
studies.

In addition to the 122 holes of in-fill core drilling, Northern Dynasty's 2004
drilling program also included extensive coring for geotechnical, metallurgical,
process design and exploration purposes. This drilling was directed by
specialist consultants, Knight Piesold Consulting and SRK Consulting (Canada)
Inc., Dr. Morris Beattie, P.Eng., Derek Barratt, P.Eng., and Mark Rebagliati,
P.Eng., respectively.

2004 DRILLING PROGRAM SUMMARY

Drill Hole Purpose Total Footage Number of Holes
Deposit In-fill (Core) 101,539 122
Metallurgical and Process Design (Core) 21,335 26
Geotechnical (Core) 32,502 70
Exploration (Core) 13,815 9
Total 157,614 227

Exploration holes were drilled to further delineate extensions to the Pebble
deposit mineralizing system from the Resource Lands onto the surrounding
Exploration Lands to the west, south and east. Further mineralization is
expected to be added by this exploration drilling. Mineralization is expected to
be particularly encouraging to the east of the Resource Lands, based on
preliminary assay results recently received for 3 exploration holes which have
not yet been processed through the quality assurance procedures.

An independent resource estimate in February 2004 by Norwest Corporation
established Pebble as the largest deposit of contained gold and the second
largest deposit of contained copper resources in North America, containing 26.5
million ounces of gold and 16.5 billion pounds of copper within an Inferred
Mineral Resource of 2.74 billion tonnes grading 0.55% copper-equivalent (0.30
grams gold per tonne, 0.27% copper and 0.015% molybdenum above a cut-off grade
of 0.30% copper-equivalent). The estimate also significantly expanded the higher
grade resources to 435 million tonnes of 0.49 grams gold per tonne, 0.42% copper
and 0.021% molybdenum, or 0.84% copper-equivalent above a cut-off grade of 0.70%
copper-equivalent. These higher-grade resources will facilitate rapid recovery
of capital costs during the early years of a large scale mining operation.

The Pebble deposit is located in an area of gentle terrain and moderate climate,
86 miles from ice-free tidewater in Cook Inlet. The State of Alaska's
Southwestern Transportation Plan includes a port and a road from Cook Inlet to
the town of Iliamna, located some 17 miles to the southeast of the Pebble
deposit. The Alaskan Department of Transportation and Public Facilities has
commissioned pre-feasibility level engineering studies for the port and
transportation corridor, with results expected in early 2005. Power requirements
are likely to be met via a connection to the Alaska transmission grid or an
Independent Power Producer's generator located near to the project area.
Northern Dynasty is expecting to receive responses to a Request for Proposal for
the provision of power this year.

Mark Rebagliati, P.Eng, is the Qualified Person for the Pebble Project and is
supervising the quality control and quality assurance program. Logging and
sampling is completed in Northern Dynasty's secure facility at Iliamna, Alaska.
The NQ-size core is mechanically split and samples are transported to the ALS
Chemex laboratory in Fairbanks for drying, weighing and crushing. Samples are
shipped by airfreight to the main ALS Chemex laboratory, North Vancouver, Canada
(an ISO 9002 certified laboratory) for final preparation and analysis. Gold is
determined by 30 g Fire Assay (FA) fusion with an Atomic Absorption Spectroscopy
(AAS) finish. Copper and molybdenum assays are by four acid digestion with an
Inductively Coupled Plasma-Emission Spectroscopy (ICP-ES) finish. All samples
are also analyzed for 23 additional elements by four acid digestion ICP-ES.
Northern Dynasty includes standards, duplicates and blanks in addition to the
laboratory's internal quality control work. Duplicate samples are analyzed by
Acme Analytical Laboratories of Vancouver, Canada.

Northern Dynasty hold options to acquire from Teck Cominco American Incorporated
and Hunter Dickinson Group Inc. a 100% interest (subject to no underlying
royalty or back-in rights) in the 'Resource Lands' which host the Pebble
gold-copper-molybdenum deposit and up to a 50% interest in the extensive
surrounding 'Exploration Lands'. Together these mineral lands capture an entire
world-class mineral district hosting multiple porphyry gold-copper-molybdenum
deposits and gold occurrences. Porphyry deposits are known for their large size
and suitability to bulk mining methods. They are the world's most important
source of copper and molybdenum and also rank among the largest gold producers.

For further details on Northern Dynasty Minerals Ltd. and its Pebble Project
please visit Northern Dynasty's website at
www.northerndynasty.com
or contact
Investor Services at 604-684-6365 or within North America at 1-800-667-2114.

ON BEHALF OF THE BOARD OF DIRECTORS

Ronald W. Thiessen
President and CEO

No regulatory authority has approved or disapproved the information contained in
this news release.

The TSX Venture Exchange and the American Stock Exchange have neither approved
nor disapproved of the contents of this press release.

Cautionary Note to U.S. Investors concerning Estimates of Inferred Resources

This news release uses the term 'inferred resources'. The Company advises U.S.
investors that while this term is recognized and required by Canadian
regulations (under National Instrument 43-101 Standards of Disclosure for
Mineral Projects), the U.S. Securities and Exchange Commission does not
recognize it. There is a great amount of uncertainty about the existence, and
economic and legal feasibility of 'inferred resources'. It cannot be assumed
that all or any part of an Inferred Mineral Resource will ever be upgraded to a
higher category. Under Canadian rules, estimates of Inferred Mineral Resources
may not form the basis of feasibility or pre-feasibility studies, except in rare
cases. U.S. investors are cautioned not to assume that part or all of an
inferred resource exists, or is economically or legally mineable.

This release includes certain statements that may be deemed 'forward-looking
statements'. All statements in this release, other than statements of historical
facts, that address future production, reserve potential, exploration drilling,
exploitation activities and events or developments that the Company expects are
forward-looking statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the forward-looking
statements. Factors that could cause actual results to differ materially from
those in forward-looking statements include market prices, exploitation and
exploration successes, and continued availability of capital and financing, and
general economic, market or business conditions. Investors are cautioned that
any such statements are not guarantees of future performance and actual results
or developments may differ materially from those projected in the
forward-looking statements. For more information on the Company, Investors
should review the Company's annual Form 20-F filing with the United States
Securities Commission and its home jurisdiction filings that are available at

www.sedar.com
.

NORTHERN DYNASTY MINERALS LTD.
PEBBLE PROJECT
TABLE OF ASSAY RESULTS

Drill From To Intercept Intercept Au Cu Mo CuEQ1
Hole
Number (metres) (metres) (metres) (feet) g/t % % %

4136 149.4 313.9 164.6 540 0.40 0.42 0.020 0.79
4136 Incl. 234.7 301.8 67.1 220 0.59 0.48 0.020 0.97
4137 32.0 381.6 349.6 1147 0.39 0.36 0.022 0.73
4137 Incl. 166.7 310.0 143.3 470 0.54 0.52 0.028 1.02
4138 39.6 303.9 264.3 867 0.42 0.31 0.023 0.71
4138 Incl. 114.0 194.8 80.8 265 0.68 0.42 0.029 1.01
4139 25.6 154.8 129.2 424 0.51 0.42 0.014 0.83
4140 6.1 200.3 194.2 637 0.37 0.30 0.014 0.62
4140 Incl. 87.5 162.8 75.3 247 0.52 0.36 0.014 0.77
4141 28.0 44.8 16.8 55 1.96 0.03 0.001 1.28
4141 142.3 163.7 21.3 70 1.28 0.10 0.002 0.93
4141 266.1 325.8 59.7 196 0.43 0.37 0.015 0.73
4142 24.4 283.2 258.8 849 0.68 0.44 0.019 0.98
4142 Incl. 24.4 45.4 21.0 69 0.50 0.61 0.044 1.18
4142 Incl. 130.8 234.4 103.6 340 1.11 0.52 0.018 1.33
4143 24.1 54.6 30.5 100 0.32 0.31 0.015 0.60
4143 134.1 197.8 63.7 209 0.40 0.36 0.018 0.71
4143 231.7 258.8 27.1 89 0.33 0.35 0.034 0.75
4144 157.0 292.3 135.3 444 0.37 0.34 0.019 0.68
4144 Incl. 222.2 292.3 70.1 230 0.50 0.42 0.025 0.88
4145 21.0 280.1 259.1 850 0.68 0.55 0.037 1.20
4145 Incl. 85.0 249.6 164.6 540 0.88 0.69 0.050 1.54
4145 Incl. 106.4 249.6 143.3 470 0.93 0.74 0.053 1.63
4146 29.3 142.7 113.4 372 0.45 0.34 0.018 0.72
4146 Incl. 69.5 142.7 73.2 240 0.46 0.38 0.022 0.80
4147 24.1 185.6 161.5 530 0.80 0.40 0.010 0.96
4147 Incl. 60.7 161.2 100.6 330 0.99 0.42 0.011 1.11
4148 18.3 78.9 60.7 199 0.46 0.38 0.019 0.78
4148 Incl. 18.3 51.5 33.2 109 0.50 0.43 0.025 0.88
4148 179.5 213.1 33.5 110 0.36 0.38 0.010 0.66
4149 171.6 473.4 301.8 990 0.49 0.46 0.026 0.92
4149 Incl. 171.6 407.8 236.2 775 0.54 0.51 0.027 1.01
4150 39.3 60.7 21.3 70 0.54 0.32 0.008 0.71
4150 88.1 241.1 153.0 502 0.42 0.32 0.014 0.67
4151 48.5 78.9 30.5 100 0.27 0.25 0.013 0.50
4152 48.5 78.9 30.5 100 0.30 0.19 0.010 0.44
4153 72.5 261.5 189.0 620 0.30 0.27 0.013 0.54
4153 Incl. 72.5 93.9 21.3 70 0.56 0.36 0.010 0.78
4154 24.1 66.8 42.7 140 0.60 0.21 0.001 0.60
4154 208.3 289.3 80.9 266 0.33 0.39 0.015 0.68
4155 185.6 310.6 125.0 410 0.42 0.46 0.018 0.83
4157 Anomalous results, 0.22% CuEQ, abandoned due to poor drilling conditions
4158 127.7 155.1 27.4 90 0.58 0.24 0.008 0.65
4158 225.6 310.6 85.0 279 0.63 0.42 0.009 0.88
4159 Anomalous results, 0.27% CuEQ, oriented geotechnical hole, abandoned due to
poor drilling conditions
4160 75.3 105.2 29.9 98 0.47 0.29 0.005 0.62
4161 48.5 85.8 37.3 123 0.52 0.33 0.010 0.72
4161 167.3 205.1 37.8 124 0.51 0.35 0.009 0.72
4162 39.3 143.0 103.6 340 0.56 0.29 0.018 0.75
4162 152.1 216.1 64.0 210 0.32 0.28 0.019 0.60
4163 22.6 212.8 190.2 624 0.42 0.30 0.011 0.63
4164 39.6 185.4 145.8 478 0.38 0.29 0.018 0.63
4164 229.3 271.0 41.7 137 0.27 0.33 0.011 0.57
4165 25.5 330.7 305.3 1002 0.48 0.32 0.015 0.71
4165 Incl. 25.5 57.9 32.5 107 0.43 0.45 0.011 0.78
4165 Incl. 266.7 330.7 64.0 210 0.75 0.30 0.014 0.85
4166 15.2 118.6 103.3 339 0.63 0.37 0.007 0.81
4167 Anomalous results, 0.28% CuEQ
4168 36.3 197.8 161.5 530 0.46 0.29 0.006 0.62
4169 27.7 228.3 200.6 658 0.48 0.32 0.014 0.70
4169 Incl. 143.0 213.1 70.1 230 0.58 0.36 0.018 0.83
4170 21.0 161.2 140.2 460 0.41 0.31 0.006 0.61
4170 Incl. 127.3 161.2 34.0 112 0.46 0.39 0.010 0.73
4171 136.9 286.2 149.4 490 0.25 0.28 0.009 0.50
4172 63.1 289.9 226.8 744 0.67 0.34 0.010 0.83
4172 Incl. 63.1 207.0 143.9 472 0.85 0.38 0.011 0.98
4173 104.9 182.3 77.4 254 0.48 0.40 0.016 0.79
4174 Abandoned, no core, redrilled as 4177
4175 145.5 214.3 68.7 226 0.23 0.29 0.023 0.56
4175 145.5 162.5 16.9 56 0.31 0.39 0.022 0.71
4175 255.4 295.1 39.6 130 0.25 0.33 0.029 0.65
4176 132.6 207.0 74.4 244 0.35 0.35 0.007 0.61
4177 83.5 134.7 51.3 168 0.48 0.29 0.011 0.66
4178 Incl. 21.3 330.1 308.8 1013 0.26 0.31 0.019 0.58
4178 48.5 124.7 76.2 250 0.38 0.38 0.020 0.73
4179 30.2 57.6 27.4 90 0.41 0.36 0.011 0.68
4180 124.7 216.1 91.4 300 0.45 0.34 0.011 0.69
4181 161.2 274.0 112.8 370 0.74 0.33 0.022 0.92
4182 24.4 307.2 282.9 928 0.39 0.41 0.031 0.83
4182 Incl. 196.6 285.9 89.3 293 0.43 0.49 0.047 1.03
4183 91.1 191.7 100.6 330 0.48 0.26 0.006 0.60
4184 30.5 216.1 185.6 609 0.28 0.31 0.027 0.64
4184 Incl. 30.5 115.5 85.0 279 0.33 0.37 0.025 0.72
4185 33.5 179.5 146.0 479 0.37 0.30 0.006 0.57
4186 28.7 151.8 123.1 404 0.40 0.51 0.035 0.96
4186 Incl. 82.0 133.2 51.2 168 0.54 0.60 0.044 1.19
4187 31.1 170.7 139.6 458 0.39 0.61 0.057 1.19
4187 Incl. 42.7 118.9 76.2 250 0.47 0.86 0.063 1.51
4188 181.5 426.4 244.9 804 0.55 0.47 0.031 1.00
4188 Incl. 216.1 368.5 152.4 500 0.65 0.57 0.032 1.16
4189 12.2 296.9 284.7 934 0.34 0.39 0.025 0.75
4189 Incl. 12.2 76.5 64.3 211 0.73 0.81 0.081 1.73
4190 12.5 96.9 84.4 277 0.55 0.42 0.023 0.90
4191 57.3 118.3 61.0 200 0.43 0.33 0.009 0.66
4192 103.3 122.6 19.3 63 0.47 0.36 0.022 0.78
4193 69.8 128.9 59.1 194 0.54 0.30 0.009 0.70
4194 18.0 320.0 302.1 991 0.30 0.31 0.017 0.59
4194 Incl. 18.0 69.8 51.8 170 0.68 0.50 0.011 0.99
4194 Incl. 277.1 320.0 43.0 141 0.36 0.36 0.027 0.74
4195 30.2 112.5 82.3 270 0.33 0.34 0.028 0.71
4196 36.3 249.6 213.4 700 0.45 0.47 0.014 0.84
4196 Incl. 66.8 249.6 182.9 600 0.48 0.49 0.015 0.88
4196 Incl. 144.8 188.7 43.9 144 0.61 0.63 0.015 1.09
4197 18.0 45.2 27.2 89 0.50 0.34 0.004 0.69
4197 79.6 228.3 148.7 488 0.27 0.31 0.011 0.55
4198 38.4 106.4 68.0 223 0.40 0.45 0.013 0.78
4198 121.0 154.2 33.2 109 0.24 0.40 0.014 0.63
4198 204.2 286.2 82.0 269 0.31 0.40 0.013 0.67
4199 25.3 37.5 12.2 40 0.47 0.39 0.003 0.70
4199 53.2 199.5 146.3 480 0.48 0.48 0.011 0.85
4199 Incl. 96.0 148.3 52.3 172 0.65 0.65 0.013 1.13
4200 23.3 264.9 241.6 793 0.31 0.34 0.012 0.60
4200 Incl. 216.1 264.9 48.8 160 0.40 0.49 0.009 0.80
4201 39.6 128.0 88.4 290 0.26 0.41 0.029 0.74
4201 Incl. 42.7 73.2 30.5 100 0.29 0.55 0.026 0.87
4202 51.8 221.9 170.1 558 0.21 0.35 0.027 0.64
4202 Incl. 51.8 81.4 29.6 97 0.21 0.53 0.031 0.84
4203 17.7 109.1 91.4 300 0.41 0.51 0.067 1.15
4203 133.5 182.3 48.8 160 0.24 0.41 0.032 0.74
4204 28.4 200.0 171.6 563 0.39 0.53 0.039 1.01
4204 Incl. 28.4 135.9 107.6 353 0.49 0.68 0.035 1.19
4205 17.7 310.3 289.6 950 0.39 0.36 0.016 0.70
4205 Incl. 44.8 78.6 33.8 111 0.45 0.48 0.012 0.83
4205 Incl. 197.2 231.0 33.8 111 0.44 0.46 0.022 0.86
4206 65.8 189.9 124.1 407 0.46 0.36 0.017 0.75
4206 Incl. 74.1 104.6 30.5 100 0.54 0.40 0.015 0.83
4206 Incl. 159.4 189.9 30.5 100 0.46 0.41 0.021 0.82
4207 33.7 395.6 362.0 1188 0.32 0.41 0.016 0.71
4207 Incl. 55.6 107.6 52.0 171 0.51 0.51 0.014 0.91
4207 Incl. 122.5 167.0 44.5 146 0.49 0.56 0.013 0.94

1 Copper equivalent calculations use metal prices of US$0.80/lb for copper,
US$350/oz for gold and US$4.50/lb for molybdenum. Adjustment factors to account
for differences in relative metallurgical recoveries for gold, copper and
molybdenum will depend upon the completion of definitive metallurgical testing.
CuEQ = Cu % + (Au g/t x 11.25/17.64) + (Mo % x 99.23/17.64)





This information is provided by RNS
The company news service from the London Stock Exchange

Who dumped all those shares after the bell and why ?

There's a few watching aldwickk.

It's back in my stockwatch for a day or two anyway. ;-)

Morning Al.

:o)

Morning Hil. ;-)

-7% to open. Big volume last Tuesdat too - haven't had chance to look at anything, but today's move interesting.

Patience Rodders.

Can't get at last Tuesday's trades. ;-((

Galahad Gold

The 29/11/04 announcement of the discovery of a new area of extensive goldcopper-
molybdenum mineralisation to the east of the Pebble deposit is of
major significance. Labelled the East Zone, this new discovery area extends
well onto the Exploration Lands and may necessitate a rethink of current
Pebble mine development plans. It will also have financial ramifications as
additional drilling work will clearly be needed in 2005 thus far the discovery
rests on assay work from only 15 drill holes.

We estimate that on a fully diluted basis and using current metal prices each Galahad Gold share is backed up by over 19 of copper, platinum group metals and gold in the ground. A massive gap is logical versus the current share price: further share issues to finance mine developments will be vital; some resources will never be extracted and/or recovered; revenues will be many years distant; and considerable mine development risks remain. Nevertheless, the divergence between this 19 and the Galahad Gold share price is considerable. Moreover, the 19 ascribes no value to the Malmbjerg molybdenum deposit, or to the Skaergaard accessory minerals, or to the groups share of NDMs silver and molybdenum at Pebble in Alaska.

We maintain our one year target price range for Galahad Gold shares of
25p-30p. On a medium term basis the upside potential could vastly
exceed this if mine risks can be overcome.

It's one that could either fly or fall over, exploration shares,
whether they are for oil or mineral/metal deposits are
risky, but for what it's worth I've got a small holding of these,
they look promising and with these sometimes that's all there
really is to go on - apart from instinct.
:>)

UK smallcap opening - Galahad Gold up on Sunday Telegraph comment
AFX


LONDON (AFX) - Galahad Gold, where Jim Slater, the veteran stock picker, and Lord Wolfson, the founder of GUS, grace the board, edged up 3/4 to 11-1/2 after The Sunday Telegraph suggested to readers that, with the shares now well off their peak of 27-1/2 pence last February, now could be a good time to buy.

fjb/ak

SP is Up 9.3% so far this morning!

Moving nicely :>)

Got in this morning and hope to stay for the long term.

This is my selection for the "UPS" this week GLA

Share	Volume	Chart	News	Various
GLA price 11.675p	Picking up for the last couple days as share price is rising also	Share price rising from support, Indicators at oversold and going higher now, MACD on the turning	Has 3 projects with minerals on early stage: a 23.4% stake on NMD, ( a potencially very large copper-gold-molybdenum deposits on Alaska ) a 100% palladium and molybdenum both in Greenland, a 26% stake on Uranco of SA plus a 76% stake in InterMoly an AIM company	Its main shareholding NWD at its high for a while 9 1/2 month, house broker estimated the shares were worth 16.3p, based on the current valuation of mineral prices and Galahad's share with medium term target price of 35p to 40p for the shares

That is how the chart is looking at the moment

Well a further move up today with some good size trades on the way

Do we have to wait another year for more posts? ;)

zscrooge

It all depends on how mean you are to this thread.

A nice rise for the end of the day, with plenty of "T" trades done early (at the start of the day) , and a few large buys by the end

I'm reading the [GLA] Annual Report and notice that there are 6 million Options about to be qualify at 1p (Nov 2006) - does anyone have a view on this, I know Options are Win-Win and normally I avoid Co's where Directors are lathering themselves with Options.
/
Any views?

I don't mind the options if the management are delivering. Not sure that this can be said of GLA with the recent InterMoly delay. The thing that concerns me most is the considerable local reistance to the Pebble mine, led (financially at least) by a wealthy fund manager who has dwellings nearby:

http://www.bristolbayalliance.com

Does anyone have any perspective on this ? T.

RNS out today on Galahad's Malmbjerg/InterMoly Project - it appears that the delay has been reversed and an alternative found to the issue of the Pre Feasibility Study.

RNS:

International Molybdenum plans to evaluate open-pit method on Malmbjerg deposit
LONDON (AFX) - International Molybdenum PLC said it plans to evaluate a
potentially lower-cost open-pit method of developing the Malmbjerg molybdenum
project in eastern Greenland.

To evaluate the potential for open-pit mining, the group will undertaking a
comprehensive Pre Feasibility Study (PFS) which it intends to complete by the
fourth quarter of this year at a budgeted cost of 2 mln usd. The 2 mln usd will
be financed by existing resources and by drawing as needed on a 2 mln stg loan
provided by its majority shareholder Galahad Gold PLC.

On Feb 6, it announced a deferral of the original feasibility study for
underground development of the project.

The company hopes an open-pit development will result in a larger-scale
production, better recovery of the resource, an improved grade control, and
lower capital and operating costs.

'The open-pit concept with no need for a 10km underground tunnel and
potentially lower capital and operating costs bodes well for the future
development of Malmbjerg,' said chief executive Graham Mascall.

'Molybdenum's price outlook remains strong given the sustained demand from
rising global production of stainless steel,' he added.

Molybdenum is mainly used as an alloy in stainless steels and in alloy steels.


newsdesk@afxnews.com jc