RE:RE:It might be awhile That is true and it's something I pointed out as something to watch out for in a previous post (to see if increased exploration spend actually yields results) however I don't believe that's what's keeping the price low.
Unless I'm wrong but the company has had a 2-5 year range on the mine life for a long time so unless we dip below 2 it doesn't actually worry the the big holders of this stock because of it did MND would have a 2019 type selloff.
Also you're forgetting that their old estimates and reports are based of gold being $1800. Gold is over $2230 as of now so any gold that was deemed uneconomical to mine before could now be viable to dig out at a profit and thus counted as reserves. I see no reason why the mine life won't be extended on that alone (not even taking in the fact the exploration budget is quite significant now) but I could be wrong.
I think the gains will come in a flash but that'll be when people realize the company exists.