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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 mattbighamon Nov 20, 2021 10:17pm
192 Views
Post# 34150114

RE:RE:Notes from Clynt's presentation

RE:RE:Notes from Clynt's presentationEka,when Clynt talks about BD "being a game changer" he is referring to this particular deposit's mineralization features,the unknown real depth of it and how this reflects upon the future potential of the district.
As for the share price ,I have no idea. I am just a shareholder in the Keno district going along for the ride.
However,Clynt's comments below on May 7th,2021  does address your question.

March 04,2021
“Quite exciting on the exploration side and I am not at all afraid to say that success in 2021 will have a strategic impact on our plans and outlook at Keno Hill.
We are focusing our  growth on Keno Hill exploration where obviously we have lots of upside.”

 
May 07,2021
“Internally,we view the initial production period 2021-22 as an opportunity for a share price rerate as a “producer” but also the forerunner of potentially larger scale district opportunities.

Longer term, we continue evaluating growth opportunities both within and outside Keno Hill to offer investors a diversified risk profile beyond our single-asset platform. Make no mistake, I believe that Keno Hill is a company maker,it is located in a tier 1 jurisdiction with significant geological potential, and we intend to continue growing it through exploration,but at the same time, we are methodically evaluating accretive opportunities that are consistent with our corporate strengths.”
https://www.alexcoresource.com/site/assets/files/4523/2021-axu-agm-ceo-lts.pdf
 
August 12,2021
"Bermingham will transform Keno Hill. We stumbled into a deposit that we see no bottom to yet and we are drilling down 500 meters.
My interest is highly piqued as what will be the future results. "
 
40 minute mark Martin O'Malley Private Investor :
"Clynt,a couple of times you have indicated that you thought the Bermingham exploration would be transformational in terms of how people view Keno Hill. Do you still feel that way?"
Clynt Nauman "Absolutely. No question.I don't know any other way to answer it (laughing). We've been lucky enough to stumble into what a geologist would call 'an ore deposit profile'. We've stumbled into a deposit which is unique to Keno Hill. We see the top of it and we certainly haven't seen the bottom of it.... and we're drilling holes down there 500-600 m..... and we're right next door to the biggest deposit in the district historically (Hector Calument : 96 m oz Ag, 407 m lbs Pb, 335m lbs. Zn). So,yeah. It is a very important discovery for a lot of reasons and I still feel very optimistic-I'm the blue sky guy-don't forget. I feel really quite....My interest is highly piqued by what might be the outcome of our work here."
https://journals.lib.unb.ca/index.php/gc/article/view/2686/3103
https://www.alexcoresource.com/investors/events-webcasts/
 
Alexco Resource Corp.
September 10, 2021 3:45 p.m. MT
2021 Precious Metals Summit Beaver Creek
 
“ Growth related to  exploration plus a mill expansion,which is already planned,from 400-550 tpd.
Modifications in the mill are complete  ......once we move into these two new deposits (our silver production goes up) our silver content in that concentrate
Will be 15,000 g/t. 
There is no other mine or district in the world that’s producing that quality of concentrate.That’s important and gives us a premium position at the smelter.
 
Bermingham is a real discovery and it’s really important.
I would be very confident that this discovery and this work is going to change the outlook at Keno Hill.
Keno Hill is generally perceived as being beads on a string.Small deposits but lots of them.35-40 of them,historically.
This discovery,along with the 33-40 million oz which sit immediately above it,is going to demonstrate that big deposits exist in this district,that this high-grade mineralization extends to depth ....traditionally in this district the miners believed as you went deeper in this district...200 or 300m...the zinc grades grew and the silver grades fell off. That is exactly the opposite of what we have found here-the silver grades have gone up and the base metals grades have gone down.
We’re pretty excited to see what this is going to add to us.
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