Additionally from someone in the knowThis is what I have heard:
“He has them at 18mm tons for Kay in his basic valuation. His $15 price target is 36mm tons assumes that they get 18mm tons at Kay and 18mm tons at Central
I think they are already at 25-30mm tons at Kay so even without Central zone he should be at 15.00 and Central zone can take him to 20-25.”