Cardero Announces PEA Results for Carbon Creek

- December 12th, 2011

Cardero Resource Corp. (TSX:CDU,AMEX:CDY,FWB:CR5) announced its draft preliminary economic assessment on the British Columbia-based Carbon Creek Metallurgical Coal Project.

Cardero Resource Corp. (TSX:CDU,AMEX:CDY,FWB:CR5) announced its draft preliminary economic assessment on the British Columbia-based Carbon Creek Metallurgical Coal Project.

As quoted in the press release:

Results of the preliminary economic assessment indicate that on a 75% basis and using a base case coal sale price of $185/t, the project returns a post-tax $752 million Net Present Value (“NPV”) at an 8% discount rate and a 29.3% Internal Rate of Return (“IRR”).

Click here for the Cardero Resource Corp. (TSX:CDU) press release.

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