Yes i did read it.. Here is the exact qoute from the 10 K on Page 19 of November 13 2012 filing for the fiscal year ended July 31, 2012.. Please take some time and read it:
Employees
Currently, we do not have any employees. Our directors, executive officers and certain contracted individuals play an important role in the running of our company. We do not expect any material changes in the number of employees over the next 12 month period. We do and will continue to outsource contract employment as needed.
We engage contractors from time to time to consult with us on specific corporate affairs or to perform specific tasks in connection with our exploration programs.