RE:FSX and Bryan Slusarchuk on "I love prosperity", Aug-11Bryan Slusarchuk:
"People do tend to be buyers when they shouldn't be, they tend to be sellers when they shouldn't be and I think that you have to keep your emotion in check here and, as long as your investment thesis is still intact, you've got to stay in the course right now and, in any environments like this, I believe in owning cashed up companies, that have strong projects, strong treasuries, don't need to go to the market for financing, have excellent underlying properties and have technical teams engineers geologists, with a track record of making it happen and, if you have those ingredients along with a solid share structure, you're poised for a win here, because we're going to have our day in the sun.
The other thing i would point out to people is that mining and mining exploration is inherently risky, so you are going to see these really dramatic pullbacks in some of the equities that you own. If you're going to enter at a time like
this and ride through to that eighth/ ninth inning in the cycle, so you also have to have that tolerance for risk. I think it's really important to understand at the outset what your true tolerance for risk is, because anybody that tells you this isn't a risky space is doing you a disservice. There are all sorts of risks here and the market for things like gold and silver can stay irrational longer than some people can stay solvent, so you have to really have that gut to be there in terms of withstanding some of the downturns and bad times, but if you're well positioned in good companies and I think we're fortunate to have some of those companies, with great projects, management track record and cached up to really execute business plans, you're going to be in great shape here when the market sentiment does turn and I think it's very close to turning here".