Looking aheadGiven all the macro issues out there presenting possible downward pressure in the short term for all commodies, 2 issues need to be addressed specific to New Elk.
First, as others have noted here, how long will the cash on hand last? What is the production ramp up profile at this time? The stated target of 3.0 mty is simply that, a target. Are we at 0.5, 1.5 mty? IMO, we have a 2-3 month window before cash runs out.
Second, can New Elk be viable at lower met coal prices? $150?