Warrior Met Coal (HCC)
Summary & Back of the Napkin Pro Forma
Warrior Met Coal, ticker symbol HCC, is a metallurgical coal producer in Alabama which operates two longwall mines (Mine No. 4 and Mine No. 7) and has the potential to develop a third (Blue Creek). They produce a High Vol-A and Mid-Vol coking coal which they blend and attempt to market as a Mid-Vol product, which theoretically should sell for a premium …