That's not the answer I was looking for guys!! :) Unfortunately, that was running around in my mind too (cam issue), but it came on so sudden. Never had a cam wipe a lobe before. Can it happen that fast? Car was running great, then poof.... lifter noise!
As I said before, I'm not sure what components are in the motor. The previous owner couldn't find his folder with all the receipts. He did tell me it had a Competition Cams cam in it. I guess it could be a safe assumption that he may have gone with a Comp Cams cam and lifter set. Guess if I have to pull it apart, I will at least know what's in there now!