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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 HuskySWon Sep 19, 2021 12:43pm
95 Views
Post# 33884548

RE:RE:RE:RE:Here are Alexco's contact info/links,Roberto.Get back to us

RE:RE:RE:RE:Here are Alexco's contact info/links,Roberto.Get back to usI was evaluating the 400 TPD clause also as part of a bigger picture and really wondered to myself if there was a chart available with that kind of production data granularity?   I was curious as I was looking at the previous TPD production from a different era with mill feed, at one point, from 3 or 4  four different mines and the logistics of getting it to the mill and processing it ready for transport.  I know everyones yawning by now but it's what I do, besides I believe it's all been done before  :)  and there was a little voice asking :).

Judging by comments here Alexco is perhaps disinclined to provide public requests for dissemination of internal information, I guess?  In all fairness I have not seen these types of reports readily dispersed as usually they are internal to the companies production records?  But I know why your asking I think, you want to quantify "extremely well"? 

It would also be interesting to know what the operational statistics were before shuttering of Bellkeno in 2013.

In my view the focus since then has  been exploratory drill expansion, proofing of ore bodies, vertical shafting, infrastructure work, staffing, mobilization, logistics and so forth along with some concentrate production this year, with 400 TPD processing proof to be done for 30 days by years end. 

I believe your question of "how well" actual production is ramping up is to assess recent/current day to day and hour by hour efficiencies including any down time it light of the requirement of proving 400 TPD by year end?  With this in mind I note there is a clause for allowances if this is not met?

Perhaps the production report (used to be on a spreadsheet probably now on SCADA systems report or should be) is not disclosed, as in my opinion, Alexco is still  primarily an exploration company (they have subsiduaries that are profitable with remediation contracts (my interest)) that have a general 400 TPD proof requirement  by year end.

I think that Q3 / Q4 is for Alexco the moment where "the rubber hits the road" and all  this will become clearer.

Your thoughts and mileage may vary.

Have fun 

Take care and GLTA.




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