Again....From this mornings mail..

Another past pick that has doubled since I posted it..It will double again by July..

TORONTO, ONTARIO--(Marketwire - May 28, 2008) -

(ALL DOLLAR AMOUNTS ARE EXPRESSED IN UNITED STATES CURRENCY UNLESS OTHERWISE NOTED.)

PhosCan Chemical Corp. (TSX VENTURE:FOS) announces that it has received the Pre-Feasibility Study for its wholly-owned Martison Phosphate Project. Jacobs Engineering Inc., the independent consulting firm which compiled the Pre-Feasibility Study, concludes that given the results of the study, including robust financial results from an economic analysis of the project, PhosCan should proceed immediately with the Bankable Feasibility Study of the Martison Project.

The Martison Phosphate Project consists of the Martison Phosphate Deposit and a planned phosphate mine, beneficiation plant, phosphate plant and solid fertilizer production facility. The project is expected to produce phosphoric acid using phosphate concentrate produced from the Martison Phosphate Deposit and sulphuric acid sourced either from existing nearby base-metal smelters or a sulphuric acid plant which would be built by PhosCan. PhosCan intends to further process the phosphoric acid into superphosphoric acid (SPA) and/or mono-ammonium phosphate (MAP) fertilizer which would be sold to fertilizer dealers serving the agricultural regions of western Canada and mid-western United States.

The Martison Phosphate Deposit is located about 70 kilometres north of the town of Hearst, Ontario. The proposed production facilities are planned to be strategically located in proximity to the Company's target markets with ready access to excellent infrastructure including rail, power and labour.

Pre-Feasibility Study Results

The Pre-Feasibility Study included: a comprehensive review of information and studies generated over 25 years, including 16,284 meters of drilling over seven drilling programs, extensive metallurgical testing, and environmental and geotechnical studies; an assessment of mineral resources; tests producing phosphate concentrate, phosphoric acid and the two fertilizer products contemplated for the market place; marketing and logistics studies; engineering studies of vertically-integrated high-analysis fertilizer production facilities, including the preparation of capital and operating costs (in fourth quarter 2007 U.S. dollars); and the preparation of a technical report.

The Martison Phosphate Deposit is characterized by three aeromagnetic anomalies identified as Anomalies A, B, and C. Most exploration has centered on the definition of Anomaly A, which contains an estimated measured and indicated mineral resource of 62.3 million in-situ tonnes (all tonnes are metric tonnes) averaging 23.55% P2O5. Based on this resource, the Pre-Feasibility Study estimated annual phosphate ore production of about 2.5 million dry tonnes over a 20 year mine life.

The Pre-Feasibility Study examined two scenarios for the development of the Martison Phosphate Project. Under Scenario A the project would produce 213,000 tonnes per year of SPA (150,000 tonnes per year P2O5) and 474,000 tonnes per year of MAP for sale to customers while under Scenario B it would produce 775,000 tonnes per year of MAP only. In both scenarios, phosphate concentrate produced from the Martison Deposit would be transported by slurry pipeline to a phosphate plant near Hearst, Ontario. In Scenario A, SPA and merchant grade acid (MGA) would be produced using the hemihydrate process from the phosphate concentrate and sulphuric acid sourced from third parties. The SPA would then be sold to customers while the MGA would be shipped to a solid fertilizer production facility in mid-western Canada where it would be reacted with ammonia to produce MAP and then sold to customers. In Scenario B, only MGA would be produced. The MGA would be produced using the dihydrate process from the phosphate concentrate and from sulphuric acid produced by PhosCan at the phosphate plant. The MGA would be shipped to the solid fertilizer production facility in mid-western Canada where it would be reacted with ammonia to produce MAP and then sold to customers. The production of sulphuric acid under Scenario B may enable PhosCan to generate electrical power and sell any excess over its requirements for the mine and phosphate plant.

http://www.marketwire.com/mw/release.do?id=861652