Phenom continues to progress. I expect them to acquire even more mining claims from Matthewson and to do so by mostly issuing shares. In a few years, if things go well, they could have more than one gold mine operating and maybe a vanadium one as well. In five years this stock could be $10 CAD or more.
For those who don't know, there's good coverage of this in Eric Muschinski's Gold Investment Letter, which can be subscribed to for free. Keep in mind that Eric has a huge position in Phenom, but that doesn't concern me. It just means that he is aware of developments.
Erie