micky468
- 09 Mar 2007 10:47
fliper here's one for you................................
Northern Dynasty Minerals Ltd (NDM), in which Galahad holds 10.4% (10.3% fully diluted), announced yesterday a new mineral resource estimate, which has increased the inferred mineral resources in the Pebble East gold-copper-molybdenum deposit by nearly 90%, to 3.4 billion tonnes grading 1.00% copper equivalent at a 0.60% cut-off. Full text of the announcement released by NDM is available at www.northerndynastyminerals.com. As at 20 February 2007, the market value of Galahads holding in NDM was 46.2m. Earlier this month Galahad sold 10.3% stake in Northern Dynasty Minerals Ltd to QIT-Fer Et Titane Inc, an affiliate of Rio Tinto plc for 40.3m.
UraMin Inc (UraMin), in which Galahad holds 9.3% (8.4% fully diluted), announced on the 19 February 2007 the results of SRK's Interim Progress Update on the feasibility study for the Trekkopje Uranium Project in Namibia. The report proposes a production profile that would rise to over 8 million lbs of U3O8 per annum using heap leach technology, and estimated a pre-tax Internal Rate of Return for the project of 67 per cent and a Net Asset Value of US$1.2 billion (using an 8 per cent discount rate). UraMin also announced SRK's NI 43-101 compliant updated interim resource statement for this Project, where the deposits have seen a substantial conversion of Inferred to Indicated Resources. UraMin stated that it is evaluating its strategic options and that it has retained BMO Capital Markets to evaluate its mineral assets and to provide fiscal advisory services as it evolves from the development stage and into commercial production. Full text of the announcements made by UraMin is available at www.uramin.com. Galahad invested 3.7m in UraMin in June 2005. As at 20 February 2007, the market value of Galahads holding in UraMin was 49.8m.
halifax
- 24 Jun 2007 16:44
- 8 of 8
When are GLA going to report results for year ended 31/12/06?