Expansion Timing RiskCompany statements that a second longwall is likely years away imply delayed volume expansion, limiting near-term growth upside from capacity additions.
Market Oversupply And Demand WeaknessPotential new met coal capacity, mine restarts, and weak steel demand from import dynamics could pressure prices and compress margins.
Valuation VulnerabilityAnalyst concern that the stock may be pricing in overly optimistic metallurgical coal prices increases downside risk if commodity levels soften.