Question-and-Answer Session
Operator
Thank you. (Operator Instructions). We will pause for just a moment to assemble the roaster. Thank you, our first question is coming from Jim Rollyson of Raymond James.
Jim Rollyson - Raymond James
Good morning everyone.
Baxter Phillips Jr.
Good morning, Jim.
Jim Rollyson - Raymond James
Don, in the press release you've noted that your kind of proceed net potential right now over capacity is about 12 million tons, maybe plus the recent transaction you guys concluded. Can you maybe talk about what it might take in terms of timing and capital to get there and kind of what you are thinking about for a number right now for next year with the market you see?
Don Blankenship
Right now we are sort of boding in 9 to 10 million tons of met coal in our numbers. But the timing is little bit odd; we could do 12 million but probably would run at 14 million ton at least by mid year once we get the Bandmill plant rebuild.
So, if you look at us driven 12 million on an annualized basis or adding a lot of run rate in the first type, we could probably come to 14 million by July or so.
Jim Rollyson - Raymond James
And I guess as a follow up to that, just stick with the same topic here, on the pricing guidance you have for next year, knowing you've got 27 million of thermal sold and most of that pretty well locked up. It’s mostly met what kind of met price range are you assuming to get to that 64 to 67 range?
Don Blankenship
I don't want to be too specific, but we're probably in the low 80s on a net mine basis which we think is very conservative.
Jim Rollyson - Raymond James
Okay. Thanks.
Don Blankenship
Thank you.
Operator
Thank you. Our next question is coming from Kuni Chen of Banc of America/Merrill Lynch.
Kuni Chen - Bank of America/Merrill Lynch
Hi, good morning everybody.
Don Blankenship
Good morning Kuni.
Kuni Chen - Bank of America/Merrill Lynch
I guess just a question on the utility inventories, what do you see as a bigger driver to work down those stockpiles as we go forward from here. Is that more switching back into coal from natural gas or more production withdrawals from your region, just want to get your sense as to how that could play out?
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