Cardero Resource Corp announced it has received the final Preliminary Economic Assessment technical report from Norwest Corporation relating to the Carbon Creek Metallurgical Coal deposit.

Cardero through Cardero Coal Ltd currently has 75% interest in the Carbon Creek Metallurgical Coal deposit situated in northeast BC, Canada. It said results of the preliminary economic assessment indicate that on a 75% basis and using a base case coal sale price of USD 185 per tonne, the project returns a post-tax USD 752 million Net Present Value at an 8% discount rate and a 29.3% Internal Rate of Return.

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