May. 16 at 1:41 AM
$METC Initiated a position here today after spending some time on DD earlier in the week. Given current depressed met coal prices coupled with inflated transportation costs, reversions to more normalized levels on one or both of these fronts would be a meaningful benefit to financial performance. Management has also been aggressively repurchasing stock, buying back
$37M worth YTD ("At current price levels, we believe share repurchases represent a prudent use of our capital").
Additionally (and likely more of a needle-mover in the near term), we should get the revised conceptual study for the rare earth Brook Mine by early June, for which management has noted they expect an improved outlook relative to prior estimates (". . . our internal projections continue to estimate that this new flow sheet process should generate a material increase in incremental revenue and free cash flow.").
