Fortescue director of development Peter Meurs said Australia's third largest iron ore miner was bullish on Nyidinghu... "Nyidinghu is a fabulous ore body," Mr Meurs told reporters at an iron ore conference in Perth on Tuesday.
"It's a medium-phosphorus product but the Chichester is zero phos (phosphorous), so if you put the two together you get a wonderful blend.
"So for us, it's an ideal deposit located in exactly the right place."
IOH Price at posting:
$1.54 Sentiment: Buy Disclosure: Held
