Wish I was an expert, then I might know something..
CLA put out their JORC within 6 weeks after the last assays from their drilling campaign were received...Hylea's cash reserves were $1M at end of Q2 with expected burn of $500k for the current Q3 which would seem to indicate they have more drilling planned which, at this point, would seem to indicate September but I haven't found any reference to a timetable so am only guessing...
Even if drilling started within next 2 weeks, I think they would need to drill at least another 50+ holes for infill and extension to the east so there goes another 2 months to complete and then another couple of weeks at drilling completion for final assays to be returned which would put us into early December...So no JORC until first of next year...
In the mean time, Hylea will need to do another CR, hopefully in Q4 after earliest assays from Phase 2 drilling were received which hopefully would show similar excellent results as Phase 1 drilling and allow SP to rise a few pips...
The above scenario is a wild a** guess on my part and all IMO of course so DYOR..
