The Japanese fleet was practically victorious at the battle of August 10, near Port Arthur; but if it had not been able to refit and repair at a naval base, it would have met the Russian fleet later with much less probability of success.
Mahan states that the three main requirements in a naval base are position, resources, and strength; and of these he considers that position is the most important; largely because resources and strength can be artificially supplied, while position is the gift of nature, and cannot be moved or changed.
Mahan's arguments seem to suggest that the bases he had in mind were bases distant from home, not home bases; since reference is continually made by him to the distance and direction of bases from important strategic points of actual or possible enemies.
His arguments do not seem to apply with equal force to home bases, for the reason that home bases are intended primarily as bases from which operations are to start; secondarily as bases to which fleets may return, and only remotely as bases during operations; whereas, distant bases are intended as points from which operations may continually be carried on, during the actual prosecution of a war.

The position of a home base, for instance, as referred to any enemy's coasts or bases, is relatively unimportant, compared with its ability to fit out a fleet; while, on the other hand, the position of distant bases, such as Hong-Kong, Malta, or Gibraltar, relatively to the coasts of an enemy, is vital in the extreme.

It is the positions of these three bases that make them so valuable to their holders; placed at points of less strategic value, the importance of those bases would be strategically less.
Home bases are valuable mainly by reason of their resources.

This does not mean that position is an unimportant factor; it does not mean, for instance, that a naval base would be valuable if situated in the Adirondack Mountains, no matter how great resources it might have.

It does mean, however, that the "position" that is important for a home base is the position that the base holds relatively to large home commercial centres and to the open sea.