I think the new money is going to AZ and IVNSince Arizona Mining and Ivanhoe are both making huge discoveries, I think anyone with money to invest in a junior miner is buying them.
Investors have had years to buy MIN if they liked it, and probably have enough by now.
Although I am not selling any MIN, if I had more to invest I would buy AZ or IVN - I have plenty of MIN already.
This might be one reason that MIN's stock price is not going up more. Fortunately, it doesn't affect the underlying value of MIN.