I can't believe this stock still has a market value of only $6m. The good news is that it's not too late to get in on the stock. When it reached .24c the stock had got ahead of itself. Now it looks as if the company has got back on track and Robin Dow appears to have re-focused his attention back on Phoenix.

The latest news release, 18th Dec '07, is encouraging. The company has staked 30 new claims, covering 1,264,59 ha, adjacent to the Abcourt Barvue Zinc-Silver mine, 65 km north of Val d'Or, QC.

Phoenix now has 124 claims covering 5,078.4 ha in Barraute and Landrienne Townships. Phoenix believes that the claims completely cover a crescent shaped mineralized trend immediately to the north-west, west and south-west of the mine, as well as two claims right next to the eastern boundary of the mine, and continuing to the south east.

I see a good winter/spring ahead for Phoenix. For disclosure I do own the stock and am in 10c.