After reading NST's recently released AR presentation I found it interesting that they have ear marked the CARBINE deposit as a stand alone exploration play apart from other CTP identified deposits. I may be reading too much into this, but given Otter Gold's outstanding deep drilling results (to over 450 metres) in the 1990's NST could be seeing this as another Groundrush type play.
Success here would certainly confirm the CTP's mega resource potential. Speculating, if this were to be the case it is not unrealistic to see TAM at 25-30 cents. IMO TAM is providing brilliant upside with very little downside, in that at 3.7 cents its well protected by its cash and equity in a confirmed 2.5Moz deposit. TAM is a unique play in that it fully participates in resource growth and higher production without dilution of its capital.
DYOR
TAM Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
