<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> APR-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 24,373,180 <SECURITIES> 0 <RECEIVABLES> 5,213,697 <ALLOWANCES> 0 <INVENTORY> 26,061,029 <CURRENT-ASSETS> 0 <PP&E> 227,237,354 <DEPRECIATION> 13,211,145 <TOTAL-ASSETS> 298,734,770 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 72,696 <OTHER-SE> 59,318,376 <TOTAL-LIABILITY-AND-EQUITY> 298,734,770 <SALES> 6,583,267 <TOTAL-REVENUES> 20,670,904 <CGS> 4,831,464 <TOTAL-COSTS> 13,900,236 <OTHER-EXPENSES> 3,184,325 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 3,586,343 <INCOME-TAX> 1,437,800 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,148,543 <EPS-PRIMARY> 0.30 <EPS-DILUTED> 0.29