...in support of the foregoing.
EXTRACT -
"While speaking with many of my acquaintances in the mining space, the enthusiasm of last year had been replaced with a feeling of being hesitant to commit more capital until they see some clarity in the sector."
http://www.kitco.com/commentaries/2018-03-09/PDAC-Attendees-Much-More-Cautious-This-Year.html
Note that the above comment is less about explorers, who are more out of favor, than about developers and producers.