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Farmboynate

07/23/08 12:31 PM

#7937 RE: gempicker #7936

well if you read the prs and filing about the mine it should be able to bring in 10 million a year in revenue.....
the Security companies tend to grow fast....
and the lots yes so they maybe not valued at much right now but he still owns them...
I see it like my dad bought land in around 2001 100k for about 200 acres and a house that needed a lot of work.
he fixed up the house sold it for 60K with couple acres...
then sold a 10 acres that wasn't worth making farm ground for 20k and then last year sold 2 and 3/4 acres for about quite a bit If I remember correctly
my point is the lots maybe not valued a lot right now but the economy wont sit in a rut forever and the lots will end up being worth more then he paid
and if he is building houses on them then that will boost the value my guess by the time all the houses are built the value will go up quite a bit maybe things stink right now but for those of us that have patients good things are to come