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  "docSlug": "4a47ec40bed5",
  "documentTitle": "Alpha Metallurgical Resources, Inc. (AMR)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2022-05-17 00:00:00",
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      "text": "From analysis conducted under AMR's own \"independent\" and \"Qualified Expert\" Marshall Miller & Associates, we see that 2021 production was 15.613 million tons, well below the 16.2 – 16.3 million tons claimed elsewhere. AMR also reported \"Produced tons sold\" of 15.903 million tons, though this could include coal produced in prior years.",
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      "text": "From analysis conducted under AMR’s own “independent” and “Qualified Expert” Marshall Miller & Associates, we see that 2021 production was 15.613 million tons, well below the 16.2 – 16.3 million tons claimed elsewhere.",
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      "text": "Changes in Coal Reserves (Tons in thousands) table",
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      "text": "Year Ended December 31, 2021 table",
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      "kind": "disclaimer",
      "text": "Our coal reserve and resource estimates are updated periodically to reflect coal production, acquisitions and dispositions of mineral interests, new drilling, mine or geological data, and changes in regulations, market conditions or other economic factors...",
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      "text": "production volume: 15.613 million tons",
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      "kind": "quote",
      "text": "Our coal reserve and resource estimates are updated periodically to reflect coal production, acquisitions and dispositions of mineral interests, new drilling, mine or geological data, and changes in regulations, market conditions or other economic factors. — Alpha Metallurgical Resources 2021 10-K",
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      "kind": "source-note",
      "text": "Source: 2021 10-K, p. 65",
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      "text": "Source: 2021 10-K, p. 53",
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      "text": "2021 Production Numbers Not Adding Up (Cont'd)",
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