Haven't gone into Majestic in much detail prior to this latest upheaval but IMO a substantial drilling program has to be undertaken to prove up more than 645,000t @ 2.4g/t AU for 50,ooo oz (Feb Preso) before even a PFS can be started.
Mind you, with NCM in for 15% and high grade gold found alsmost everywhere IGR and SLR put a pick in the ground, anything could happen. Just supports my theory (that's all it is...fantasy even maybe) that the sum of all these satellite deposits could support the establishment of a vast gold camp...duplication of Kalgoorlie.
Total speculation on my part and most will never eventuate.
SLR Price at posting:
55.0¢ Sentiment: Hold Disclosure: Held