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.

TSXV:FEO - Post by User

Oceanic Iron Ore Corp

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Post by helpline88on Oct 28, 2020 6:50pm

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Post# 31800261

CIA resultsuebec.

I see the results for the last quarter (to Sept 30th) for Champion Iron Ltd have been released. The company is reporting net income before tax of $186 million and over $300 million before tax for the first six months. Champion Iron Ltd. is based in Quebec and has similar high quality and high grade deposits that FEO has. With these kinds of profits you have to wonder why we don't have a partner. Now I understand there are Covid issues but are there many cases in this remote part of Quebec and Champion Iron Ltd. seems to be functioning fine.

Hopefully they find a partner.

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