Moroccan phosphate rock concentrate is typically used as the benchmark for worldwide phosphate pricing. Current phosphate pricing based on 32%-33% P2O5 FOB Morocco is roughly US$120 to US$130 per tonne. GB Minerals plans to produce 1.32 million dry tonnes of phosphate rock concentrate grading 34.0% P2O5. The pricing below is based on Moroccan phosphate once it is loaded at port. The price does not include shipping costs.