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AMREP Corp T.AXR


Primary Symbol: AXR

AMREP Corporation, through its subsidiaries, is a holder of land, developer of real estate and homebuilder in New Mexico. 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. Activities conducted or arranged by the Company include land and site planning, obtaining governmental and environmental approvals (entitlements), installing utilities and storm drains, ensuring the availability of water service, building or improving roads necessary for land development and constructing community amenities. 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 focuses on selling single-family detached and attached homes.


NYSE:AXR - Post by User

Comment by Alison11on Apr 02, 2019 11:11am
171 Views
Post# 29569851

RE:RE:Market does not like the Pre Feasibility Study (PFS)

RE:RE:Market does not like the Pre Feasibility Study (PFS)The PFS has added a lot of details to what the company has made public prior to it's release.  However, very little has changed in the final economic viability of the mine.  Cost of perduction per oz of silver remains constant, costs have not changed, exchange rates are the same, resource is the same as pre PFS.  Price of silver being projected in the $17 range is way above where it is today.  So the company has a PFS that is basicall saying what they have known all along.  The real big difference is that over the last while they have been increasing their reserves dramatically.  So here we are at a juncture where they will have to make a decision (or no decision) to proceed with $15.00/ oz silver or not.  They did not proceed when silver was at $16.00/oz and there are reasons they may have done that at that time.  I expect there will be some discussions with Wheaton and others.  If they decide to go into production todays stock prices will be very cheap and of course if they do not, the opposite will be true.   Good luck to all.
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