Funny you should mention it...
I just built microphone from scratch over the weekend. It was a very cool project. It was a one-day "course" at a local college, the instructor was the owner of the company "Austin Mics" here:
http://www.diyribbonmic.com/My mic worked the first time. I was very surprised at how basic the parts were. We actually built the diaphragm from two magnets, a piece of plastic, aluminum foil (not "wrap" but very thin foil), and two pieces of flat metal grill. Almost nothing was pre-shaped or except the mic body and the plastic frame for the ribbon. We even had to cut the ribbons to size and plavce them ourselves.
BTW: they make outstanding guitar speaker mics - fantastic low end.