Oceanic Iron Ore Corp V.FEO

Alternate Symbol(s): FEOVF

Steel Steel

Oceanic Iron Ore Corp. is a Canada-based exploration-stage company. The Company is engaged in the acquisition and exploration of iron ore properties in Quebec, Canada. The Company is focused on the development of the Ungava Bay iron properties in Nunavik, Quebec. The properties comprise three project areas: Hopes Advance, Morgan Lake, and Roberts Lake. The properties cover over approximately 36,039 hectares of iron ore formation and are located within 20-50 kilometer of tidewater. These properties comprise approximately 3,703 claims which are located over 1,568 square kilometers along the northern extension of the Labrador Trough in the Nunavik Region of northern Quebec. The projects cover over 300 kilometers of iron formation.

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Oceanic Iron Ore Corp

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Comment by 4nolanon Aug 24, 2011 6:54pm

121 Views

Post# 18976700

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: all th

Listen, I never mentioned bank once ! I have postions in feo, lim, adi, adv, nml, chm,cev , znr, and axi and remember very well what happened to iron names the last down turn, I bought a lot of nml under .40 cents ( 50 % of my holdings at the time ) when it was lacking liquidity like feo now, it takes a solid stomach to hold these names and even though things are getting awful as everyone is derisking I have zero doubt that the labrador trough will be a major player in general in the years ahead.

p.s I believe this name will have one more leg down and then you will see big buyers. When I start seeing the large lots appear in a tight row I'll average down here.

good luck

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