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Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: $297,069,000

-- Despite continued efforts to secure the Permit and pursue accretive
transactions in respect of the Las Cristinas Project, the Company
recorded a non-cash write down to the carrying value of the Company's
interest in Las Cristinas of $297,069 as required under Canadian GAAP
based on certain potential impairment tests including, but not limited
to, the permitting delays. Such non-cash impairment charge has been
taken to comply with accounting requirements and does not reflect the
Company's continuing strong belief in the project, its commercial
prospects and the likelihood of the receipt of the Permit.

I have read so many posts here and not many have mentioned the the tax savings Crystallex will incur based on our write down of the entire assets.

Would an accountant here like to take a stab at the potential revenue and the likelyhood of us us not paying any taxes until we exaust our LCF's.

Thank You and Happy 4 th!

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