snap fold vs a nit here, i'd be folding AJ here and also hands like 88 and 99. It's just not a spot we can really do anything but try to exploit this guy for playing way too tight, and then pick on him later on by raising his blinds as much as possible.
Those figures above all ignore a few things...
1. The amount of times he shows up with the top of his range AA, KK, QQ, JJ AK AQ compared to the bottom of his range TT-77 it's more likely here since he's a complete nit and he's in EP that he shows up with top of his range more, obviously more KK QQ JJ type hands than the AA AK AQ type hands since we have a blocker, but the logic still applies.
2. We need to have his range exactly correct, now if he's tighter than the range above, then we just made an even bigger mistake, but if he's looser then we're still only close to breakeven profitable call.
3. The figures are ran over tens of thousands of hands, to get an average of how often we win with our exact hand vs his exact range. So if we get a ballpark figure of making 0.5% of the prizepool we have to work out how much that is actually worth to us, when we have other options like not putting our stack at risk, because while on average we make 0.5% of the prizepool( this is just a figure, not representing how much we might make on a call here in this exact spot, which is likely to be a losing play) The opposite side of winning the pot is losing the pot, which is either a huge chunk of our stack missing, or we are knocked out of the tournament. So point is, use common sense also when looking at long term math situations, see what happens when you give him a really wide range, and also a tight range, and then use your own common sense to work out the best play here (or in any spot really).
If this doesnt make sense let me know and i'll try to explain it in a differant way.