TAM have 175 billion shares. Looking at their quarterly they...

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