Price target, page-20

Management are facing some serious losses given they hold circa 12% of the stock in this company. You would think they are far more motivated than us small shareholders, to realize some value for their time and holding. It's hard to see when or where the news will come from, but hopefully they start turning it around this year!

I doubt anybody is happy with current prices. However, that said there are so many explorers which have experienced a massive decline in the last few years. MNC is not alone. Almost every single one of the D&D recommendations from the old doc have hit rock bottom [see DML, AZM, GRY, NKP, VMS, PRU to name a few]. Current price is moreso a reflection of the state of the mining (explorer, not producer) landscape than of individual company performance.