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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: Monitor's Documents

Details...not $400 mil, rather OVER $400 million.

Paragraph 15 of Fung's U.S. declaration states: "Resolution of the Arbitration Claim is likiely to result in substantial value to CIC. As stated above, Las Cristinas Project contains over 20 million ounces of gold. As such, CIC's damage claim is for $3.8 billion. However, at today's gold prices, the gold in the mine has increased in value by approximately $20 billion since CIC signed the MOU, and CIC has spent over $400 million on the Las Cristinas Project. In the unlikely event that CIC were to be awarded only restitution damages, without interest and without any compensation for the loss of the ability to develop the project, the Arbitration Claim would likely yield more than enough to pay all of its debts in full with substantial value remaining for shareholders."

I like this paragraph alot.

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