As the price of Gold and Silver have risen, explorers are drilling more... this is natural. Consequently labs are much much busier in bull markets.
We are waiting on results from 'El Refugio' and longer waiting times can result.
One or both of these may apply to the waiting time for El Refugio results.
1. Lab is busy as described above
2. When results suggest high grades the lab will take longer to be sure/specific/confirm/check/confirm
In a way sometimes the longer results take to arrive the better they can be...
Something to think about...
JFI
Technical Analysis, page-274
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