up coming 1/4 report, page-2

I would hope so...but since they have hedged 30% of sales at god knows what price, I am not so sure. What is clear is that the next 3 months are going to be even more fabulous. I do hope BRL management has the brains to not keep digging a deeper hole for themselves with even more "hedging" for some time. December 2018 future prices are now $202 and even June 2019 are at $191. A few months at $250 and we can pay off L&M with 6 months of cash flow. Read on....
Met Coal Very +ve. Ex-China Prices Skyrocket as Supply Panic Sets In. MB Spot Premium Met Coal (Australia Export FOB) was UP US$19.21/t overnight to US$213.77/t. Even with China away for the week, panic seemed to have set in after the fire at Peabody’s North Goonyella mine, with occurred late last week. End-users and traders believe that the mine could be down for another 12 months, at least. Compounding the panic situation is the BHP Mitsubishi Alliance’s scheduled maintenance of the Hay Point Coal Terminal, which will last for 10 weeks from October 9. Peabody is keeping its full-year metallurgical coal sales guidance unchanged, at 11-12 million tons (however unlikely that this comes from Australia), even as it works toward extinguishing the fire at North Goonyella. According to Peabody’s website, the North Goonyella mine is its only Australian operation that produces premium HCC. Last year the mine did 2.9M tons production.