AMREP Corp T.AXR

Primary Symbol: AXR

AMREP Corporation is a holding company, which conducts business through its subsidiaries. The Company operates through two business segments: land development and homebuilding. The land development segment offers for sale both developed and undeveloped real property to national, regional and local homebuilders, commercial and industrial property developers, and others. The Company owns approximately 17,000 acres in Sandoval County, New Mexico. The Company develops both residential lots and sites for commercial and industrial use as demand warrants. The homebuilding segment offers a variety of home floor plans and elevations at different prices and with varying levels of options and amenities to meet the needs of homebuyers. The Company is focused on selling single-family detached and attached homes. The Company commenced operations in New Mexico of its internal homebuilder, Amreston Homes. The Company utilizes internal and external sales brokers for home sales.

NYSE:AXR - Post by User

AMREP Corp

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Post by billlcon Mar 10, 2013 9:23pm

216 Views

Post# 21108861

Alexco vs. Minco

...Danny Deadlock is pushing Minco Silver on Stockhouse and its Chinese deposit. Just for fun here are some summary statistics for Minco. Average grade is 189 g/ton or only 6.08 oz (first target is 923 g/ton or 29.7 oz/ton. NPV @ 8% = $95 million, IRR pretax 33%. Does have gold @ 5g/ton. Underground. Cost is $5.65/oz. 4-5 meter width of veins. Production two years out.

...Looks like Alexco has a much better grade. GLTA Billc

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