NHC is a very successful thermal coal producer. However, i caution re expecting more upside in short term as:
1) Much of NHC production is still sold under 'old' contract prices.
2) i reckon AOE is at best fully priced. CSG production into LNG is years and Billions of dollars away.
I expect AOE to drop tomorrow (thursday) and doubt it will regain recent highs as market gets over burst of CSG euphoria.