Nathan Martin: And that $170 to $180, Bob, is for the 571,000, that blended average?
Bob Braithwaite: That would be what my expectations would — are on the total volume that we anticipate selling through Itmann.
Nathan Martin: So, with the midpoint of that range, 700,000 tons is — what was the price range again, I’m sorry?
Bob Braithwaite: $170 to $180 based on the current marks.
Nathan Martin: Got it. Got it. Okay. That’s very helpful, too. So, essentially, it sounds like the realizations there, obviously, domestic is — domestic. And then on the export side of the house, it’s probably a similar based on US low-vol, maybe a discount or no discount. Maybe you can get some color there and then depending on the markets you go into?
Bob Braithwaite: Yes, I mean the discount is very minimal. It’s certainly single-digits, and it’s low single-digits for the product that we’re selling into the Atlantic market today. And then the products that we’re selling into the Pacific market, it’s, again, single-digits, a little bit higher, I would say, than what we’re seeing on the US East Coast low-vol and then you would take the freight differentials between Australia and US. But again, both are providing really realization. As you probably remember, we talked about the domestic book that we — domestic tons we secured a couple of quarters ago, those are certainly, I’ll say, lower pricing than what we’re seeing on the export side today. So, again, the export price today, if we can get some more third-party coals, what Jimmy mentioned, to try to get the plant to capacity, that will only uplift that overall pricing or average pricing for the year.
So, again, very excited about that opportunity. We’re working daily to get more volume to that plant to help drive our costs down and drive our realization up.
Nathan Martin: Very helpful, Bob. I appreciate that. And then maybe just one more. Going back to PAMC shipments. You guys mentioned in your prepared remarks, I think it was three longwall moves in the first quarter. And then maybe one additional in the third quarter. Maybe you could give us an idea, kind of around the cadence of shipments as we move through the year then. Typically, I think the third quarter is probably your lowest, from a seasonality perspective, but it sounds like maybe 1Q volumes could be pressured a bit from the three longwall moves. So, any color there would be great as well.
Jimmy Brock: Yes. Well, on the cadence of the longwall moves, we do have three in the first quarter here. One is ongoing now that we just started. But those longwall moves are — they don’t bother me. It’s a sign of progress as we retreat those panels out and we move to the next one. However, we’ll shift around our quarter revenues a little bit. Obviously, if you look at the three longwall moves, I use somewhere around 20,000 tons per longwall per day. So, if you have three of those and we have three moves, let’s say, our scheduled PO move days are nine to 10 days. So, you can see the math there, whereas we could be slightly short of tons in the first quarter compared to the rest. And typically, the first quarter is our strongest quarter, particularly when it comes to production.
I can see that moving out. And then the good news is when we finish these three longwall moves here in Q1, we only have one more planned, and it’s in the third quarter. So, it will give us an opportunity to run strong after we get out of this first quarter here from a tonnage standpoint. And then, of course, the market will be — the market will send those tons to where we market.
Mitesh Thakkar: And so second and fourth quarter would be our better quarters this year, Nate, compared to our history where first is typically the strongest. And same thing with the production, cost goes all the way, so lower production, higher cost, higher production, lower cost. So, that will also flow through your models, I’m assuming.
Nathan Martin: Got it. Thanks Jimmy, Mitesh. I’ll leave it there guys. As always appreciate the time and information and best of luck in 2024.
Jimmy Brock: Thank you.
Mitesh Thakkar: Thanks.
Bob Braithwaite: Thank you.
Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Nathan Tucker for any closing remarks.
Nathan Tucker: We’d like to thank you all for your participation this morning and for your support of CONSOL Energy. We hope we answered your questions and we look forward to speaking with you on our earnings call. Thank you.
Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.
