Well WDR SP is moving considerably IMO because the Roper is that company's main focus. Check out their Annuals and although it does have other tenements and interests much of their interest is in this project ...Percentage wise if or when wdr Fulfill their JV obligation TNG will own 20% interest , I'm sure they will if they haven't done so already... So when the roper resource is calculated it will be easy to calculate the preliminary value of that interest for tng...
Sketching out a few figures for future calculation...For WDR if roper turns out to add $1 -$2 value to WDR shares then with rational share dilution against tng's 20% interest you will be able to work out the value adding to TNG's share price on the back of roper progress therefore the value of getting involved in the roper region may see TNG as the cheaper more economical option... Still waiting on resource estimates for that area...
The thing with TNG is that it has thumbs in several pies and WDR is only one of those pies...There is still very much potential in the TNG sp from other interests within the company..Read the last Activity statement and you will see that.
DYOR
TNG Price at posting:
9.1¢ Sentiment: LT Buy Disclosure: Held
