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

AMREP Corp > AXU down

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Comment by Jackfish1on Jan 13, 2020 9:59pm

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Post# 30549264

RE:RE:AXU down

First post here......I agree. They don't have a water license yet and word on the street is that may not come until April/May. I would really like to know how they have cut their production costs in almost half? Before they shut down I believe their costs were about $20/ounce and now they project it to be about $11? Lots of silver in the ground but these guy's have a long way to go to show they are proven miners.

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