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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

Post by mattbighamon Nov 22, 2021 3:24pm
210 Views
Post# 34154159

MMG's CEO helped found Alexco Resources

MMG's CEO helped found Alexco ResourcesThe drill discovery success of MMG at Keno East will enrich AXU.

Clynt Nauman and Greg Johnson have been together at Keno Hill since at least the inception of Alexco. The vast majority of east and west Keno Hill District is owned by the companies these two men lead.

Clynt Nauman and Greg Johnson from Keno East have a relationship that goes back to Donlin Creek and Nova Gold days. I have read and posted here that AXU would lend mining infrastructure to Nova Gold in their earliest days.
What I didn't know until today is that Greg Johnson/Nova Gold helped to found Alexco Resources. I don't know the details but it is in this piece from 2017 written  by Bob Moriarty:

https://www.streetwisereports.com/article/2017/12/14/metallic-minerals-catches-the-silver-ring.html

Greg Johnson, CEO and Chairman of Metallic Minerals Corp. (MMG:TSX.V), was an important part of NovaGold who helped take the company from $0.09 a share in 2001 to nearly $20 a share a few years later. NovaGold helped found Alexco and Greg was part of the process. If I was to ask around as to who knows more about Keno Hill than anyone in the world, I think the answer would be Greg Johnson.
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