I think JES is just saying that know what you're getting in to when you start playing with junior mining stocks. And to make sure you diversify both within the juniors and in the economy in general. You stand to gain big and lose big with junior mining stocks. We're largely at the mercy of the big boys and just along for the ride (and hopefully in the right direction!).
I'm still long in LBE, taking some opportunities to average my cost down a bit further, then wait and see if we get some solid growth in share value (but don't expect anything astronomical; the days of $4 shares are well ahead of us).