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 > How many undiscovered deposits

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Comment by Shlinker_on Mar 22, 2022 10:32am

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RE:How many undiscovered deposits

I agree. Lots of fresh ore required, but it isn't exactly cheap CAPEX here. The ROI and IRR is decent though and considering the price forecast for iron ore, this play could actually make it. Wait and see.

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