Potash North is still a screaming bargain here and we all know it. I've accumulated at these levels nervously for reasons beyond simply Arian themselves - mainly that who knows where this all goes. Clearly there are funds being liquidated that were leveraged, and that hasn't hit the wires yet. But, that will lead to money being printed which should in theory help gold out.

Resources are all available at bargain prices right now and I for one feel that the recent sell off in commodities is a temporary setback.

There are forces playing that are bigger than just the commodity markets. I am pretty convinced there's a dollar intervention going on to drive commodity prices down and thereby reducing inflation levels. This however will be temporary and should not affect junior miners. Most have been heavily punished and this just seems to be a bottom spike in commodities. I think we'll see buyers rushing into metals pretty soon again.

On the flip if oil continies to fall then so will our overheads/production cost.

Theres another 6 weeks of this to sit out.

Be patient til then things will appear more clear in the fall