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  "documentTitle": "CONSOL Energy (CNX)",
  "authorId": "04_Greenlight_Capital",
  "authorName": "David Einhorn",
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  "presentationDate": "2015-11-16 00:00:00",
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      "text": "Cash cost per ton: $35.82",
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      "text": "Only 12% of existing production in Appalachia is lower cost than CONSOL. Looking at the entire cost curve for the region, the current equilibrium for 168 million tons is approximately $80 per ton. At 2025 demand levels, equilibrium would fall to approximately $50 per ton, assuming no cost inflation.",
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      "text": "Source: Supply curve based on data from Wood Mackenzie, provided to Greenlight in November 2015. Chart excludes mines with cash costs per ton greater than $100. Curve covers 145 million tons of Appalachia production. Eventual closures reflect Greenlight estimates.",
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      "text": "Low cost provider",
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