11:34 AM EST - Passport Potash : reported the receipt of what it called a positive Preliminary Economic Assessment on its Holbrook Basin potash project in Arizona. Highlights included a pre-tax Internal Rate of Return, using a 30% income tax rate, of 31.59%, with an estimated total capital expenditure of $1.949 billion U.S. Its operating expenses are expected to be $114/tonne KCl. Passport Potash
shares V.PPI are trading down $0.01 at $0.25.
