Coking and Thermal coal prices...where are we going?, page-867

Without dipping too far in.... So much of the conversation here is about power demand and similar. About 2/3rd of WHC is met coal.

Met coal that is needed for steel and every aspect of what we consider a modern life. Billions in India, SE asia, Africa, China that all want upgraded living standards. Buildings that can withstand a moderate storm etc. You need steel, and for steel you need coking coal.

Yes yes, green hydrogen and other 'replacements' for coke, but to the best of my knowledge none of these are even close to cost competitive and dont scale beyond boutique solutions. Similar analogy may be that you cant feed the world on organic tomatoes, you need mass industrialised agriculture, fertiliser and chemicals. I also think the demise of thermal coal is a bit overhyped as well, but I can understand the argument and am less bullish on the thermal variety.

It is very attractively priced here at these coal prices, (largely driven by every man and his dog hating on coal and thinking its all the same and that we wont need it in 5 years), it wont take much of an uptick in price to leverage into greater profits for WHC.

Now I'm not expecting fireworks immediately but the coal cycle will turn as all commodities eventually do, and I think there is value here in a good operator at what I am estimating to be the low of the cycle (or close to) where I can sit and wait a year or 2 if need be.