Gold-Silver Project Moves Into Critical Test Phase as 2027 Resource Target Takes Shape
- •It looks like they're really pushing into metallurgical testing, aiming for that 2027 resource target.
- •I remember getting burned once on a similar early-stage project that just kept pushing timelines.
- •What are your thoughts on projects with these longer-term resource targets?
Hey everyone, just read this article about Sun Summit Minerals and their JD Project: Gold-Silver Project Moves Into Critical Test Phase as 2027 Resource Target Takes Shape. It looks like they're really pushing into metallurgical testing, aiming for that 2027 resource target. I've been keeping an eye on a few juniors in the gold/silver space for a while now, primarily for some diversification in my retirement portfolio, especially with all the market volatility we've seen lately. The idea of getting in early on a project that could potentially yield strong recovery rates for both gold and silver is definitely appealing, but the resource target being so far out makes me a little cautious. I remember getting burned once on a similar early-stage project that just kept pushing timelines.
My initial thought is that the "critical test phase" mention is a good sign for de-risking, but it's still very much a speculative play at this stage. I've always tried to balance my risk with a good chunk of dividend stocks, but a small allocation to companies like this can really pay off if they hit. My wife and I are thinking about scaling back our work hours in the next 5-7 years, so I’m really trying to maximize returns without taking on too much unnecessary risk. The fact that it's SMN:TSX.V and SMREF:OTCQB gives it some accessibility, but I'm curious if anyone here has experience with Sun Summit specifically, or with other gold/silver juniors at this metallurgical testing stage.
What are your thoughts on projects with these longer-term resource targets? Do you see the 2027 timeline as a red flag or just a realistic development schedule for a project like this? Always appreciate the collective wisdom here!