At the launch of this website, three shares were available for sale with prices reflecting the costs incurred by each share since inception plus the inclusion of a storage shed owned by one member.  Two were offered at $89,400 and one at $99,400.  Ron Cate's share has been sold to Marshall Hart, and Irby Simpkins' shares have been bought by Nate Greene and Richard Speer.

Shareholders are responsible for their portion of the annual expenses, which are expected to remain in the range of  $6,000 to $8,000 per year.  This may seem like a large commitment and it is.  A buyer is not only purchasing a share of all the assets in an exclusive hunting club (with other year around activities like fishing, hiking, 4 wheeling, using the lodge for business meetings, family get togethers, etc.), but also he is insuring that he and his future generations will have a place to hunt and roam the woods. 

In that the book value per share of all assets acquired and improved since 1988 is $75,706 (12/31/02), and that the land alone (3,250 acres) was acquired for an average cost of $375 per acre, this investment represents real value.  The current land prices for similar property in the area are closer to $750 - $1,000 per acre.  Do the math.  At the low end, $750 per acre, the hypothetical value per share is over $100,000.  Then, add the improvements.  For the right person, opportunities like this don't come along very often. 

Financing for any additional shares may be available through one of several banks with which we have a good banking relationship (meaning, they have financed other shares).  If this would be attractive, please contact Robert Alexander at (615) 369-1514 or roberta@security-insurance.com