RE: V.CDO owns these claimsYes, you are right, they do. See latest interim statements:
Eldorado Property
The Company entered into an option agreement dated November 21, 2003 to acquire a 100% interest, subject to a 2% net smelter returns royalty, in the Eldorado Gold Project. The Company was required to make cash payments of $100,000 paid) and issue 500,000 common shares (issued) to the optionors in stages over a three-year period. The 2% NSR may be purchased for $2,000,000 subsequent to making a production decision on the project. On February 16, 2007 the Company entered into an option agreement with Gravity West Corp. (“GWC”) to acquire a 60% interest in the property. GWC is required to make a cash payment of $50,000 (received) and issue 200,000 shares to the Company (received) and spend a minimum of $500,000 on exploration on the property and issue a further 700,000 shares to the Company by February 16, 2008 (not received). The agreement is subject to a 2% NSR payment to the original vendors of the property. A finder’s fee was paid in the amount of $12,500. During February 2008, GWC gave notice and the Company accepted the termination of the Option Agreement between the parties. The Company is actively pursuing a joint venture partner on this property to further develop its merits. During the year ended December 31, 2008, the Company recognized an impairment charge of $62,904 on the property.