Thanks for your sharing. Would you kindly share more about supporting evidence for the dynamics for 90th percentile marginal cost being the met coal price support ? Much appreciated.
Thanks for the article. Why not take into account also taxes ? That would decrease the FCF quite a lot and even taking into blue creek account there would be room to go lower, with the midcycle prices it starts to look reasonable though
Another great article! Thanks for sharing.
Thanks for your sharing. Would you kindly share more about supporting evidence for the dynamics for 90th percentile marginal cost being the met coal price support ? Much appreciated.
Sure, I would refer you to the second part of my article series on the met coal industry, where I explained the dynamics in more detail: https://ideahive.substack.com/p/exploring-the-met-coal-industry-part-1db
Thanks for the article. Why not take into account also taxes ? That would decrease the FCF quite a lot and even taking into blue creek account there would be room to go lower, with the midcycle prices it starts to look reasonable though