Yup, Cash, management and assets in the ground. Those are the three keys. Not sure why you want to see your favourite company advancing its project during this period of contraction though, Cory. Especially if it is cash poor. You will appreciate them better if they don’t have to go out and raise more money at a time when investors are sitting on their hands. I mean wouldn’t you prefer they just hunker down and survive this downturn so you have a chance to see your shares appreciate later on when the cycle turns back up?

If I have to predict, the current downtrend in resource sector will continue until 2018 or so. The world is awash with commodities and gold in particular, and the supply fundamentals are playing out stronger than demand. I have to say, Investing world always very slow in recognizing the equilibrium – I think resource investing is best avoided. This asset class is dead for now.

Feel like I’m listening to an old Beatles record, one voice per stereo channel…