![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, April 28, 2017 8:51:12 AM
The land is near a small town, Snowflake, Arizona. The population is less than 10,000 people. The big problem is that there does not seem to be much business in the area. While they have some kind of residential development approved, I can't see any large amount of construction since how many more house does one need for a town of less than 10,000 people?
One of the big employers was a paper mill, which also was a major customer for the short haul rail line, but that got bought by a Canadian company and then closed a few years later.
I think what the company needs is for there to be a demand for the land they own. While the rail helps, it is less than 10% of the market cap, so while the rail can add to profit, it can't really drive the stock price. (One way to correct the problem of the rail line profit being overshadowed by the size of the rest of the company could be to spin it off into its own company with its own common stock trading on the public markets.)
I think what would get the company moving on all fronts would be if the price of paper rises, and the paper mill reopens; otherwise one would need to wait for something else in the area to create a demand for more rail service and more residential housing.
Louis J. Desy Jr.
FEATURED ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM