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Oceanic Iron Ore Corp V.FEO

Alternate Symbol(s):  FEOVF

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

Post by Swl1896on Sep 11, 2022 9:08am
151 Views
Post# 34954988

Outlook … maybe $0.30

Outlook … maybe $0.30Although Steven Dean says that FEO is...

“Trading at a +99% discount to underlying PEA NAV8, deep value by any measure”

there are no apparent buyers.  and we continue to dilute our share value.  Unless you are one of the few insiders getting the debentures, we are losing value every year.  


After the wave of new shares is tabulated there will be an extremely low number of retail investors with FEO shares.


 

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