Prospect Global Resources Climbs 8% on Strong Economics of Holbrook Project

By Staff,

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Prospect Global Resources ( PGRX ) is up 7.54% to $2.85 after the company reported that a study confirmed that PGRX's Holbrook Basin project, a potash field in the Holbrook Basin of eastern Arizona, will be competitive.

According to the interim report, PGRX's key capital expense elements are in line with 2012 expectations. PGRX said it believes the bankable feasibility study in 2013 will increase its resources and optimize its mine plan.

PGRX is trading within a 52-week range of $1.77 - $10.50.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
Referenced Stocks: PGRX

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