TAM have 175 billion shares. Looking at their quarterly they have $28M in bank plus the 750,000 NST shares (~$7M). So this gives them a 3 cent SP without looking at the CTP Project.
CTP Project (TAM 60% \NST 40% JV)
Yep it has the 1M ounce Groundrush (a good start), but NST need to find a new deposit to make the project work (or buy one).
New discovery - generally takes several years (on a good day) to find something - NST need more time
Buy one - Prodigy Gold have the Supplejack deposit ~20km north of Groundrush. Independent Resource update in 2018........ ripe for the picking..... Allied Properties\APAC own big chunk of Prodigy & TAM and Brett Smith is on APAC \ Prodigy and now TAM boards.....
Aurther Dew, big hitter from Allied ( basically runs it) now Chairman of TAM.... since Nov 2018.
So million dollar question, what value do you put on the 40% of CTP as it stands ? anything similar to compare with ?
$30m - 5.5 cents SP
$50M - 7 cent SP (NST paid $40M for their 40%)
$100M - 12 cent SP
$200M - 20 cent
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Change
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Mkt cap ! $37.60M |
Open | High | Low | Value | Volume |
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2 | 202907 | 0.039 |
1 | 33000 | 0.036 |
1 | 50000 | 0.033 |
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Price($) | Vol. | No. |
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0.044 | 23577 | 1 |
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