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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 mattbighamon Dec 29, 2021 4:27pm
278 Views
Post# 34268929

5.26 million oz per year Ag Eq production

5.26 million oz per year Ag Eq production This is my  Ag Eq production calculation (below)  based upon the May,2021 resource estimation.
The new AXU resource that is set to be released will tabulate the Bermingham Deep drilling resource,which has extremely rich silver grades.


May 26,2021

Alexco Announces 22% Increase to Silver Reserves; Updated Technical Report Demonstrates Robust Economics at Keno Hill

....expanding the Mineral Reserve by 22% to 1.44 million tonnes, grading an average 804 g/t
 or approximately 1,035 g/t silver equivalent (“AgEq”).

Run rate of 400 tpd in January,2022  
1,035 (g/t) X 400 (tpd) = 414,000 g/t per day

414,000 grams per ton per day / 28.34952 (grams per ounce) = 14,603 oz per day Ag Eq

14,603 oz per day Ag Eq X 30 days (one month) = 438,103 oz

438,103 oz per month Ag Eq X 12 months = 5.26 million oz per year Ag Eq production
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