past history - 3.3c in just 7 days after volume, page-23

I think you will find that DRM gave up exploring Mt Fisher for gold because of their own cost pressures and presence of very high grade new finds at Deflector/Da Vinci being a better place to invest. Sure there was no quick find bonanza in the Mt Fisher area but I think the indications were enough to warrant further exploration and RXL may yet find a new partner.
Earlier comments by RXL are that:
"Drilling by Rox has also defined numerous high-grade gold targets and a JORC 2004 Measured, Indicated and Inferred Mineral Resource (ASX:RXL 10 February 2012) of 973,000 tonnes grading 2.75 g/t Au reported at a 0.8 g/tAu cut-off exists for 86,000 ounces of gold (Measured: 171,900 tonnes grading 4.11 g/t Au, Indicated: 204,900 tonnes grading 2.82 g/t Au, Inferred: 596,200 tonnes grading 2.34 g/t Au) aggregated over the Damsel, Moray Reef and Mt Fisher deposits."