“When they cry, it’s time to buy”, goes the saying that potential investors and bankers are currently directing towards the stressed resources sector. US Global Investors CEO Frank Holmes describes the entire mining industry’s stocks as resembling “a big Walmart sale”, in what has become the cheapest area of the world’s equity markets “by far”. Mining is in deep boohoo mode as the cycle descends, but with nobody knowing when it will bottom. Investors are thus waiting and watching but not yet pouncing as the share prices of even the mightiest of diversified majors try to claw their way back, but then slip down again to what can only be described as unimaginably low values.