I have yet to see ANY of the "real ones". They have all had batteries, and yes, a little pc-board with micro diodes and caps. BUT, the "magnet" turned out to not be magnetic at all, and the wires from the coil (if you use a magnifying glass) don't even hook up to anything!
Take the guts out. The case, switch, and LED are useable. Put in two AA alkaline or rechargeable batteries. For the cost & bother, you might just as well buy a small LED flashlight that uses regular batteries, or rechargeable.