This news on PGRX marking a big step closer to obtaining a $100 million loan from Apollo Group further validates the Holbrook potash basin that PGRX and Passport Potash are the dominate players in.
Apollo did an enormous amount of due diligence on PGRX and on the Holbrook basin. This is important news for both PGRX and Passport. I think that PGRX stock will be up substantially on Friday. It closed at $1.50 per share on Thursday.