Dim your comments are very true, and no doubt one of the key...

Dim your comments are very true, and no doubt one of the key reasons for the current sp/sentiment. But the last few paragraphs of the announcement are important and should give holders some real optimism:

A range of high purity separated rare earth oxide products from the SX pilot plant will be available for assessment by potential
off take customers in Q2 2013.
Peak has appointed financial advisors to work with the Company in identifying and securing strategic partners to assist in
funding the Ngualla Rare Earth Project through to production. Discussions have commenced and there has been some strong
interest in the project.