I agree partial. Yes we are still an exploration company but I do not think we are back at square one.
The reason I say this is because it's hard to believe anyone would give up their job (in which I think you have more and better career options with Cliffs) and start working for a company which has "just started /is at square one". Mr Ryan Weston might be a "youngster" but also people like mr Alan Couts are here not just for "fun". They risk being laughed at if this fails and the careers they wanted to have will be shattered.
Ofcourse there are plenty of people who are willing to take a chance but with this economy most of us hold tight to their current jobs.
Anyway let's wait and see. For myself I have added another 5 years of waiting.
Regards, Jean