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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

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Post by unlimited_awon Nov 01, 2019 1:35pm
426 Views
Post# 30298253

Silver deposit

Silver depositAssuming the people on this board are highly interested in silver deposits, I like to share the world's  largest undeveloped silver deposit owned by a junior: The Cordero project in Mexico. 

Discovery Metals (DSV.v) ownes this project, which has 595 million ounces of Ag. With a market cap of C$83MM/US$63MM, the price of an ounce of silver in the groud is less than 11 cents, with over 500 million of Ag equivalents like Zn and Pb not even included.

Eric Sprott invested $9MM a few months ago, plus another $5MM this month. The Company has 3 other projects in Mexico and huge exploration potential on its 37,000 hectares of land packages.

Do your own DD.




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