Cardero Announces PEA Results for Carbon Creek
Investing News Network - 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.