Just a blurp taken from another gold company's news release that has a big phosphate holding in Fernie BC...maybe another junior phosphate player...I'll have to check it out..

Phosphate, in the form P205, is an essential fertilizer component. It is a nutrient for plants and a constituent in food production. In modern intensive agriculture it is necessary to boost natural phosphate levels in the soil through the addition of phosphate fertilizers. Phosphate fertilizer products such as ammonium phosphate and triple superphosphate form 85% of the primary market for phosphoric acid. Phosphoric acid is created through a wet process when sulfuric acid is added to calcium phosphate rock.

Canada consumes 1.15 million tonnes per year of phosphoric acid, importing 600,000 tonnes annually from central Florida producers. The largest shortages of phosphoric acid in Canada are currently in Alberta, Saskatchewan and Manitoba. The Company believes that a phosphoric acid plant located in Fernie BC would be ideally situated to supply the shortfall of phosphoric acid in western Canada.

In Canada, the phosphoric acid market is currently dominated by Agrium Inc. which operates a phosphate fertilizer production facility in Redwater, Alberta. Agrium Inc. receives the calcium phosphate rock in Alberta from their mine in Kapuskasing, Ontario.

Phoscan Chemical Corp. is the only other junior phosphate exploration company in Canada focused on the advancement of their Martison phosphate deposit, also in Ontario. They plan to develop a phosphoric acid facility near Hearst, Ontario. Phoscan Chemical Corp. trades on the TSX-Venture Exchange having a market capitalization of approximately $260 million dollars.

Fai Lee at RBC Capital Markets states "Morocco-based OCP Group's second quarter prices for phosphate rock is between $350 and $400 per tonne, which is roughly $150 to $200 per tonne higher than they were in the first quarter of 2008."