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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

Bullboard Posts
Post by imerc23on Oct 24, 2011 8:52pm
331 Views
Post# 19177626

FEO vs BIM

FEO vs BIMMudguy & Elmo - thanks for your recent posts.

Regarding BIM, you mentioned that a PFS was done in 2008 - do you recall what was the NPV that was indicated?  I know you said that BIM is a "one of a kind" resource and thus hard to compare with FEO or any other company, but still, for me, one of the big attractions of FEO is that the market cap of the company is just a tiny fraction of the NPV -- but if we had a recent example where another (also very attractive) iron ore company was also sold for a tiny fraction of its NPV, then knowing that might reduce some of the appeal of owning FEO.  Just my thoughts.

I have other thoughts & questions about FEO, but I'm going to put them in separate posts, to keep the conversation cleaner. ZT4Y
Bullboard Posts