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February 22 2012
Company Files
New Zealand Energy Corp.
The art of the promise

February 19 2012
Venture Exchange - A better way to invest on the Venture Exchange

February 09 2012
Company Files
New Zealand Energy Corp.
NZEC – what's going on?

February 06 2012
Commentary - Of rights and responsibilities

February 02 2012
Risk assessment/Risk reduction - Have I got a stock tip for you!
Southern Arc Minerals Inc. - Main page (updated)

January 19 2012
Recommended Reading
I like a good mystery

January 13 2012
Commentary - Shawn Ryan says YES YOU CAN!

January 10 2012
Recommended Reading
A Tale of Two Employees

January 09 2012
Risk assessment/Risk reduction - The demons within… or choose your battles carefully
Southern Arc Minerals Inc. - Main page (updated)

January 03 2012
Guest Article
Money is time: Chris Bart responds
Chris Bart

December 22 2011
Commentary - Money is time

December 14 2011
Risk assessment/Risk reduction - Mud puddles at your feet
Southern Arc Minerals Inc. - Main page (updated)

December 13 2011
Company Files
New Zealand Energy Corp.
NZEC – what you know and who you know

November 17 2011
Recommended Reading
Steve Jobs: Obsessed… or possessed?

November 05 2011
Recommended Reading
The Rare Find – spotting exceptional talent before everyone else

November 02 2011
Links of Interest
Gold ready to attack prior highs in the 1900’s
David Banister

October 29 2011
Commentary - Desperadoes and thieves

October 27 2011
Links of Interest
A rally for gold
David Banister

October 17 2011
Commentary - Like silent raindrops fell…

October 12 2011
Commentary - Go to pancake mix

October 03 2011
Commentary - Idle hands are the devil’s tools

September 30 2011
Commentary - Choosing the best tool

September 25 2011
Risk assessment/Risk reduction - I have nothing more to say…
Southern Arc Minerals Inc. - Main page (updated)

September 14 2011
Links of Interest
Gold heading to $2,350 per ounce after 4th wave consolidation
David Banister

September 12 2011
Risk assessment/Risk reduction - The Rule of Law on West Lombok
Southern Arc Minerals Inc. - Main page (updated)

September 11 2011
Commentary - Bill and Bella

September 7 2011
Links of Interest
Bull Market In Gold Over With Double Top?
David Banister

September 5 2011
Risk assessment/Risk reduction - Perception versus reality
Southern Arc Minerals Inc. - Main page (updated)

September 3 2011
Commentary - Five Star Help!

August 27 2011
Risk assessment/Risk reduction - One leads to the other, of course!
Southern Arc Minerals Inc. - Main page (updated)

August 20 2011
Risk assessment/Risk reduction - Multiple tens of dollars
Southern Arc Minerals Inc. - Main page (updated)

July 27 2011
Commentary - Shoot the middleman!

July 20 2011
Commentary - Critical conversation

July 08 2011
Properties - West Lombok - Way Linggo and its relevance to Southern Arc (video)
Southern Arc Minerals Inc. - Main page (updated)

June 22 2011
Risk assessment/Risk reduction - Connecting the dots
Southern Arc Minerals Inc. - Main page (updated)

June 14 2011
Toolbox
Simplify Insider Trading Reports

June 03 2011
Links of Interest
Crucial Pivot Point for the CDNX Index in Canada

June 01 2011
Toolbox - What’s the grade between the highlights?

June 01 2011
Toolbox - Calculating Tonnage

May 31 2011
Commentary - A Revolution in Education

May 29 2011
Comparative Companies - East Asia Minerals (EAS.V) - Somebody’s gonna be pissed!
Southern Arc Minerals Inc. - Main page (updated)

May 15 2011
Properties - West Lombok - Pelangan - Remember though. I’m just an English major.Southern Arc Minerals Inc. - Main page (updated)

April 29 2011
Links of Interest
Where next for Gold-Silver and the SP 500 Indexes?
David Banister

April 19 2011
Feedback on 'A=B'

April 14 2011
Risk assessment/Risk reduction - Pelangan and Mencanggah: IF A=B and IF B=C, then…
Southern Arc Minerals Inc. - Main page (updated)

March 13 2011
Risk assessment/Risk reduction - Say “Hello” to my little friend!
Southern Arc Minerals Inc. - Main page (updated)

February 13 2011
Commentary - Trust me!

February 12 2011
Risk assessment/Risk reduction - All Systems 'Go!'
Southern Arc Minerals Inc. - Main page (updated)

January 31 2011
Key Personnel - Mate in Three?
Southern Arc Minerals Inc. - Main page (updated)

January 19 2011
Feedback on 'Sunday Afternoon'

January 17 2011
Risk assessment/Risk reduction - A Pleasant Sunday Afternoon
Southern Arc Minerals Inc. - Main page (updated)

January 17 2011
Properties - Pelangan Drilling Results Released
Southern Arc Minerals Inc. - Main page (updated)

January 17 2011
Properties - West Lombok IUP Issued
Southern Arc Minerals Inc. - Main page (updated)

December 9 2010
Toolbox:
To Suppress or Not to Suppress

December 8 2010
Feedback on 'Relationships'

December 7 2010
Risk assessment/Risk reduction - Relationships
Southern Arc Minerals Inc. - Main page (updated)

November 24 2010
Risk assessment/Risk reduction - Big Picture… Little Picture – another walk around the barn
Southern Arc Minerals Inc. - Main page (updated)

November 24 2010
Properties - Taliwang - Southern Arc and Newcrest Sign a Heads of Agreement
Southern Arc Minerals Inc. - Main page (updated)

November 24 2010
Key personnel - Mike Andrews
Southern Arc Minerals Inc. - Main page (updated)

November 12 2010
Risk assessment/Risk reduction - Straight and to the Point
Southern Arc Minerals Inc. - Main page (updated)

November 12 2010
Properties - Tirtomoyo/Karang Tengah
Southern Arc Minerals Inc. - Main page (updated)

October 29 2010
Indonesia - The "Fifth BRIC"
Southern Arc Minerals Inc. - Main page (updated)

October 28 2010
Risk assessment/Risk reduction - What’s Southern Arc worth?
Southern Arc Minerals Inc. - Main page (updated)

October 7 2010
Key personnel -Insider Trading Summary Report
Southern Arc Minerals Inc. - Main page (updated)

October 4 2010
Properties - East Elang/ Sabalong - Southern Arc Strikes First Joint Venture Deal
Southern Arc Minerals Inc. - Main page (updated)

September 15 2010
Toolbox: In Situ Valuation Calculator

September 10 2010
Risk assessment/Risk reduction - Various and Sundry
Southern Arc Minerals Inc. - Main page (updated)

August 30 2010
Properties - West Lombok Maps Update
Southern Arc Minerals Inc. - Main page (map update)

July 12 2010
Properties - Taliwang - Taliwang IUP Issued
Southern Arc Minerals Inc. - Main page (updated)

July 12 2010
Risk assessment/Risk reduction - Bureaucratic
Southern Arc Minerals Inc. - Main page (updated)

June 8 2010
Risk assessment/Risk reduction - Fundamentals - Nickel Oil & Gas Corp.
Southern Arc Minerals Inc. - Main page (updated)

June 7 2010
Southern Arc Minerals Inc. - Main page

March 30 2010
Recommended Reading
Cigars, Whiskey & Winning

March 23 2010
Recommended Reading
The Greatest Trade Ever

March 22 2010
Size and staying power...

March 14 2010
… but the greatest of these is charity!

October 23 2009
New Additions to Library

September 10 2009
TEGWAR

September 9 2009
Just one more barrel of flour

June 30 2009
Survey Reports
Impact Silver Corp (updated)

June 19 2009
Guest Article
If I'm So Smart, How Come
I Don't Run PIMCO?

Gabriel Gray

June 19 2009
Is Indonesia ready to play
in the big leagues?

Kevin Graham

April 9 2009
Short Selling is Bad
for the Market

April 2 2009
Epithermal Gold for Explorationists

March 31 2009
Epithermal Deposits –
gold and silver

March 31 2009
Epithermal gold deposits, geothermal systems and volcanoes

March 22 2009
Southern Arc Minerals – Valuations for Selodong

February 12 2009
Guest Article
The Obama Stimulus:
All Porked Up and
Nowhere to Go

Gabriel Gray

December 27 2008
Canadian Crisis?
Give me a Break!

December 23 2008
Wheel of Misfortune

December 16 2008
Metal Markets?
Go East Old Man!

November 29 2008
You can get it wrong and still you think that it’s all right

October 31 2008
Winners and Losers

September 19 2008
The Indonesia Factor, or… Can’t see the Forestry for the Greed

September 10 2008
Survey Reports
Impact Silver Corp (updated)

September 9 2008
Survey Reports
Silvermex Resources

August 6 2008
Survey Reports
Oroco Resource Corp.

July 15 2008
Southern Arc and
Canada Nickel

July 10 2008
Guest Article
I May Be Drunk, But You're A Nincompoop.
Gabriel Gray

June 20 2008
The TSX Venture Exchange: Fire in the Hole!

June 16 2008
Pediment readies itself for a major step forward

June 10 2008
Survey Reports
Puma Exploration

June 4 2008
Toolbox:
Mining Company Survey Form

June 2 2008
Run fast, run far!

May 30 2008
Survey Reports
Tarsis Capital Corp.

May 30 2008
Survey Reports
Impact Silver Corp

May 27 2008
Survey Reports
Dajin Resources Corp

May 26 2008
Engagement is Everything!

May 26 2008
Guest Article
A Case Study in Due Diligence: Southern Arc Minerals
Omar Boulden

May 22 2008
When the ‘fan club’ wins,
due diligence loses

May 22 2008
Survey Reports
Garibaldi Resources Corp.

May 21 2008
Survey Reports
Grenville Gold Corp.

May 20 2008
Insider Holdings Summary Reports

May 12 2008
Guest Article
The Zoo Needs More Animals
Gabriel Gray

May 8 2008
Mineral Mining and Exploration Companies on the Venture

May 6 2008
Insider Trading Summary Reports

May 6 2008
British Columbia Securities Commission List of Disciplined Persons

May 5 2008
Insider Trading – Transparency for Lay Investors?

April 28 2008
Would you like some fries
with that investment?

April 24 2008
Southern Arc Minerals Inc.
Survey report

April 23 2008
You say you want a revolution…

April 23 2008
Rare Element Resources Ltd.
Survey report

April 17 2008
Such stuff as dreams are made on… a teaser

April 17 2008
Guest Article
Let's call it the LIE-BOR
Gabriel Gray

April 16 2008
Guest Article
Inflation vs. Hyperinflation
Gabriel Gray

April 9 2008
Hard Rock Miner’s Handbook and Rules of Thumb

April 8 2008
An Introduction to Geology and Hard Rock Mining

April 5 2008
So you think you can geo?

April 4 2008
Southern Arc Minerals Inc.
Toss a Pebble in a Pond

April 3 2008
Required Reading
Exploring Geology

March 31 2008
Guest Article
What if it's not a bubble? – Bubbles past and present
Gabriel Gray

March 28 2008
If it’s neither informative nor entertaining, what’s the point?

March 25 2008
Guest Article
Gold + Money Supply =
A Tool for Gold Analysis

Kim Brasington

March 24 2008
Rare Element Resources Ltd.
Preliminary Report

March 24 2008
Insider Trading Tutorials

March 16 2008
Pediment Exploration Ltd.
Site Visit Report

March 14 2008
Southern Arc Minerals Inc.
PDAC Workshop

March 13 2008
Toolbox: Cubing the Hole

________________________

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The demons within… or choose your battles carefully

January 9, 2012

Yesterday, mid-afternoon, I found myself unable to shake a frightening picture from my mind. It was of me standing in the kitchen late last night, scarfing down the last remnants of a box of Heavenly Hash ice cream. In my not-so-distant past, this sort of midnight experience was not uncommon. Lately, though, ice cream is a conquered foe. I go for months without being tempted… until yesterday. Strange visitor this craving, out of nowhere. Distracting myself, I took a walk in the park with the girls and the dog. It was of no use. Pushed a few weights around. Turned my head and it was still there. Watched a little golf, but the anticipation of failure at midnight kept creeping into my head. Power snooze behind me, the threat of a late night loss of willpower remained firmly in place. Since summer, I've shed almost 35 pounds and I'll be damned if midnight snacking is going to ruin that.

True to form, I addressed the threat head on, and the analytic in me broke it down. Where did the threat come from? Why and why now? Who's to blame? How to avoid failure? In the end, analysis complete, the answer was astonishingly simple. I marched straight into the kitchen, faced my fear, and removed any possibility of ice cream at midnight.

Now and again, I find myself haunted by such images. No matter what distractions I toss in front, these nagging apparitions always find a way to reach in and take hold of my cerebral cinema screen. As a child, the regular culprits were snakes slithering out from underneath the bed… or rats emerging from soapy bathwater… that one actually happened to me so, when Michael Jackson recorded Ben in 1972, I wasn't singing along. During the teen years, my recurring dream was of arriving at school, hearing the opening bells, and realizing that I was naked. Having entirely skipped the homework part of high school, this last dream of being unprepared is not hard to understand.

The interpretation of dreams is a fascinating subject, one not to be dismissed lightly. Both in the understanding and in our response lies much potential value. If we accept that our dream times are merely creative recycling of wake time experiences, there's much to be said for related study.

In the case of recurring dreams, only through a well-structured, thoroughly considered response can we protect ourselves from certifiable rubber room classification. Very young, I learned to check underneath with a flashlight before bedding down for the night. I don't do swamps, and I always find a reason to leave the room during the cavern scene from Raiders of the Lost Ark. I've also made it a point to never again… and I mean never… reach into soapy bathwater to pull the plug.

I no longer dream of rats and snakes, I think, because I've addressed and sufficiently responded to the other dream… of being unprepared. Don't get me wrong. I see rats and snakes all the time, but there's no need to dream about them. They're all around us, make no mistake of it.  Here's the thing, though. When you've done everything you can and must do to prepare for what may come, there's no reason to lose good sleep. Do what you can and forget about the rest.

While I cannot say that I am a very religious person, I do find good guidance in the opening lines of The Serenity Prayer:

God grant me the serenity
to accept the things I cannot change;
courage to change the things I can;
and wisdom to know the difference.

Our external world is plagued by rats and snakes. This is beyond my control. From them, I can only turn and walk away, as I should and must. At the same time, I am able to guard and tend the lamp of truth. Rats and snakes are terribly afraid of this lamp, preferring the darkness of the shadows.

These outside perpetrators know our greatest points of weakness, the first of which is a darkness within us. What we don't know, what we imagine, what we fear… these are their greatest weapons against us. Leaping with delight at every new dancing shadow, they prey upon us, hoping to wrestle free another uncertain coin from our pocket.

This lamp is not easily tended. It demands much and regular diligence. Failure in this diligence will be costly for certain. Of rats and snakes and other demons of the world, I can do nothing. They will go about their business without regard for me. All I can do… and should do… and must do… is tend to my own business. As the saying goes, take care of your nickels and dimes. The dollars will take care of themselves. By contending with my own rats and snakes and ice cream boxes and other internal demons, some small impact may ultimately be measured elsewhere, too. Seek first to understand, then to be understood.

This is my point. The demons calling for greatest attention reside within us, not 'out there.' I'm a big fan of Mark Twain quotations. Here's one that comes to mind: "I've had thousands of problems in my life, most of which never actually happened." The task, I would argue, is not to do battle with and slay these internal demons, but to understand them as partners, if not friends. Understand and accept them as messengers, as triggers prompting us to explore and to respond.

For me, perhaps the most shadowy of demons is that of missing data. What do I not know? I'm missing something but I don't know what it is. What are they thinking? Why are they doing what they're doing? What happens next? How do I best protect my position? This is when the imagination takes over. Imagination is a demon's best friend, transporting us into a place filled with self-doubt. When that happens, the endgame is near.

Of course, Twain would argue: "It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so."

Case in point: I'm in the middle of a book called, Thinking, Fast and Slow by Daniel Kahneman. A specialist in rational thought, Kahneman tells of a team he led in the development of a curriculum and textbook on judgment and decision making. As an early part of the exercise, he asked team members to individually estimate how long they expected the project to take to completion. Answers came back ranging between 1½ and 2½ years. Convening the group, they discussed their estimates and he turned to one member of the team who had much experience in observing other such efforts, asking for the 'general case.' The answer was, no less than seven years, and that was for the 60% who actually finished the project. Looking back on this experience, the author finds it stunningly ironic that this group was, to a person, capable of ignoring the general case in favour of their own wishful internal estimates. In the end, the project took eight years to complete. Ironic in that this was a team comprised of specialists in judgment, decision making, and rational thought.

Scepticism about what others claim is healthy, and easy. Self-doubt can be just as healthy when well placed but… not so easy. When it creeps in, I find the best response in the return to analysis. Why do I doubt myself? Why now? What changed? What prompts this demon to rear its ugly head? For the most part, my conclusions come to rest on the need for more information.

Like all demons within, this one's no more than another trigger for corrective action. Gather more data. Test all assumptions. Am I building a theory based on facts or am I merely gathering facts to serve and support my theory? Am I delusional? Do I have the perspicuity (always liked that word) necessary to identify and defeat the perpetrators and to reach the treasure at the end of this puzzle? No, wait! Is there a treasure at the end of this puzzle? Hold on! Is this a puzzle? Will someone please show me to my rubber room?

In the case of Southern Arc's recent news release related to the West Lombok forestry permit, my first reaction was, "oh well…". That's not exactly true. It was actually, "oh" plus another four letter word, then "oh well." What happened next is what really matters. What happened next is the point of this entire rambling rant. Back to the kitchen table with a pad and a pencil. Sketching out what I knew, what I didn't know, and how I could possibly explain the gaps between the two. Knowing what I know, what on Earth could explain this news? Who did what and to whom and why? What are the ramifications? What stands behind the Company's thinking in this clearly defensive move? No, wait? Test that assumption. Is this a defensive move? Hmmm… hmmm… hmmm… Let's consider that notion. Again, hmmm…

More information. I need more information. Let's have another listen to the September 22nd discussion. Done, and worth doing, I should say. Much is there. I make a point of not telling people what to do with their money. On the expenditure of time, however, I'm not so shy. Turn off your TV and listen to the linked discussion if you seek peace in your Southern Arc investment. If you've not yet done so, shame be upon you. I can offer no comfort and care not to try. If you have done so, please be encouraged to do it again. Much is there.

Back to the kitchen table. What do I know? What do I see? Who are the players and what do THEY see? Who ARE the players? What have they done that may tell me more about what they see? In the absence of prevarication, there can be no inconsistencies. Why, then, do so many veils obscure my view? Why the mystery? How to reconcile?

Answer these questions and you may find peace with your position in this Company. My own answers leave me only with a smile on my face. What we're witnessing is a chess game being played at the highest levels. As the pieces manoeuvre their way toward control of the centre board, what's just happened is called a King-side castle.

Seek first to understand… and then choose your battles carefully. With my box of Heavenly Hash, I opted to sacrifice one for the greater good (that's my story and I'm sticking to it). As for the West Lombok forestry permit, I anticipate a much different outcome. Intriguing, indeed.

Flashlight anyone?

May you have much perp-spicuity in 2012… both external and internal… and the wisdom to know the difference.

Honey, there's a good show playing. Where'd you put the low-fat popcorn?

Best,

Kevin Graham

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