NST's Denver Gold Forum presentation indicates that they expect...

NST's Denver Gold Forum presentation indicates that they expect to be producing at CTP from the 2020-21 financial year, at the earliest.

http://www.aspectfinancial.com.au/d...Jyb3JwYWdlcy9wZGZkZWxheWVkLmpzcA==&popup=true

So its at least 3 plus years before there would be any income for TAM, assuming NST were to find the project economic to develop.

TAM sold its western Tanami tenements to conserve its cash.

It is not altogether clear to me what happens post June 2018 if NST does not proceed to production whether the $52m put on TAM's share of the project still applies.  If it does then TAM shares are worth a bit over 5 cents in the absence of mining going ahead.

Given that TAM was trading in the 1-2 cents range for a long time, there would be plenty of shareholders currently in profit thinking about moving their money into stocks more likely to move in the short-to-medium term.

I am not convinced that NST is not deliberately dragging this project in order to wear down TAM.  Whether NST is really helping TAM by taking over the western Tanami tenements or is simply getting them at a bargain levels in up for conjecture.

I would certainly buy some shares if they fell down to 3 cents and I felt confident that I would at least get 5 cents/share at some future point in time, say by no later than 2020.  At present there is no point in committing a heap of ones money here.

My take is that NST holds all the cards and that TAM will be swallowed up by NST, but perhaps for only around 10-12 cents if the project gets the go-ahead.

loki