Piet, unforunetly I live in Oz, we are still in the dark ages with some technology as I've never heard of lazer welding available here. Only lazers we have are mounted on the car dash or held in the hand of the local filth or some idiots shinning those lazer pointers at planes as they land!!
So, with out access to a lazer welder I've decide to go with keith's option of Loctite. The head is torqued down on the block so will leave it on there, stuff rags in the chain tunnel and give it a damn good squirt with brake cleaner. Heat it up with a hot air gun or propane torch and apply the loctite. I like Davo's idea of JB weld, could push some into the corners, might help with sealing the oil leaks. There is a slight step across the crack that should'nt be a problem with the cover gasket.
I think I should start looking for a spare head, anyone??
A mate in Perth has got one of those multi axis mills so maybe for a few cartons of piss he might knock out a new head for me in billet. Must give him a call!!