mPhase Technologies Inc (XDSL)

[drkazmd65]

fiat - in my case the mining company would be one that trades in the US under FMETF (Formation Metals). Primary operation in the works is located in Idaho and is a Cobalt mine with secondary potential in Silver, and Rare Earths. They should be starting construction on the mine facility this Spring after the region thaws a bit and from what I have read the processing facility is expected to be ready to go once they have ore to feed into it.

They have bonds in place to cover part of the costs, and have announced a stock/warrant offering running this week that should cover the rest of their startup costs. The stock/warrant offering has depressed the price a bit this last few weeks, but I'm in that one for the longer haul anyway.

Hadn't heard about Revett - is it still worth considering a look a them as an investment? Or have the bulk of potential gains already been made there?

I'm usually more of a tech/biotech guy myself - as that fits my ScienceNerd background & degrees, so mining & resource stocks are generally more of a stretch for me. I do have some small lots of shares in a Natural Gas Royalty trust that has done well and have gotten into a couple of highly speculative distressed stocks that don't fit my usual tech interests because of word of mouth from other investors.

I'm a bit out of my usual comfort zone in resource stocks overall. However - you are right - if you can find the right niche in mining or commodity stocks there is money to be made.

Because of what I do for a living - to avoid conflicts of interst - I have to shy away from anything with an agricultural commodities bent. Otherwise that would be a great area in which to invest as well.