.NG: To me, the best sign is that very, very good projects are begging for money, and that’s what we want. I will outwait the cycle.........................The next thing we want is the ability to buy at a valuation level that is going to make us a lot of money. We don’t expect everything to be a “ten bagger.................

Then we want projects that need us—that need our capital and our expertise. For that, we have to have the people in place that can spend the capital properly and know the project such that based on our assessment of commodity prices we will develop economic projects at the right time.

. It’s really detective work: How the world is made, how erosion affects things, how the movement of the sun affects things. It’s very fascinating. How continents are split apart, how mountains are formed.........................Feng Shui East West , Traps7