I Don't Get It.....

First time poster, long time viewer.
New to stocks in general but, from everything I've read through to my own research, this stock should be miles ahead of where it is. We have re-traced on top of good news (Extraction Facility), point to note is all MM stocks retraced today. I hear/see alot of speculation about MXC but IMHO this stock should at least be 10c+, if not more. We are obviously in infancy stages in Australia but i cannot for the life of me understand the "price" of this stock compared to other MM stocks. If anyone wishes/could shed light on this matter, it would be greatly appreciated! I have done my own research and can come with up no reason as to why this is happening.