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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 ProfessorMetalon May 16, 2023 12:38pm
137 Views
Post# 35450573

One last Reminder on when to sell this.

One last Reminder on when to sell this.
Do not -  I repeat DO NOT sell this when it gets to $0.25-$0.27 !
You will think "Ok a triple is good. I don't want to see this go back down."
IMO the next move will be the real move and the real push to true market value for this deposit.
Would not surprise me if this trades for over a $1.00 in the next couple of years. The people involved here are not the type to cheer as they sell or develop a deposit for a tenth of it's value.
More like a third of it's value is what to expect. And if the NPV of this is over a $1 Billion. Then expect the true price to reach $200 million plus. Which will give us a ten bagger from here.
Like I said Back up the truck and let the penny flippers do what they do best - leave a tonne of money on the table. Hold the line when this thing starts to rise.
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