Brisas Project and in Choco 5 prior to Venezuela's breaches of the BIT, and other related damage. As of September 24, 2010, Gold Reserve values its damages at a minimum in the amount of $ 1.928 billion, equivalent to approximately $ 30 a share. Doug Belanger, President, stated, 'The filing of the Memorial that supports the claim is the result of several months of extensive effort by counsel, technical, legal and financial experts and Company personnel. The Brisas Project and the promising Choco 5 exploration property were significant assets to the shareholders of the Company. We worked extremely hard to maximize the value of these projects for the shareholders, stakeholders, and local beneficiaries in Venezuela