I posted some paraphrasings of John Kaiser's when he spoke at the Resource show. Here it is, in a nutshell:

Listening to John Kaiser at the Calgary show, he says all the juniors are just"road kill" in the sub-prime fiasco, and that they've done nothing wrong to be punished so severely like this.

He thinks it's an excellent time to be buying well-financed, well managed companies with ounces in the ground. He also thinks that if a person waits too long, you might miss what he expects to be a "violent" upswing some time between July/ possibly as late as after the U.S. election.

I remember thinking to myself that the markets could snap back into action at any time, and at that time, July/August/September seemed like a long time away. Hope springs eternal, I guess, the whole "walk away in May" thing does have a bearing on the market, especially resources.

I have found though, that my personal preference is to ride out the price slump with a solid company because when the ascent finally comes, it is often rapid and steep and if one is away at the lake, uncatchable!!! No man knows the hour or the day!!!

Kaiser also touched on that as well, that to be outside a good play could well nigh mean you chase it higher and higher. He really does expect a VIOLENT upswing.

We shall see, we are nearing the predicted time frame day by day, and my portfolio is red anyways, what's another few grand? LOL

Honestly though, I would pick up more at these prices but I'm tapped out....

JMO