Of course not. All the focus has been on the glitzy, glamorous...

Of course not. All the focus has been on the glitzy, glamorous rare earth prospect. Now that that's been shown (with 80+% probability - I am not a geologist, the probability is probably higher) to be a fizzle, they'll move on to the next possibility.

It's still a highly speculative investment - more so than it was a week ago, now that we know there's almost certainly no worthwhile REE deposits down there - but the upside isn't completely gone. They may go to the sharemarket for more money to do the necessary work on those two sites; I don't know ... the latest information I have (CommSec) is from 2010, so it's out of date, and I can't comment with certainty. Hopefully the last capital raising gave them enough to cover the necessary costs at the two sites.