Wendt takes a particularly bullish view on iron ore, believing that prices could rise more than the expected 20 per cent or 30 per cent. So he likes Western Desert Resources (WDR) with its Roper Bar project in the Northern Territory. The style of mineralisation, with grades over 60 per cent, and it being just 40km from the coast with the option to barge the ore, are all in its favour.
Nt fox
WDR Price at posting:
45.6¢ Sentiment: None Disclosure: Held