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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 ElanS2on Mar 01, 2013 5:14pm
362 Views
Post# 21064901

IOC for sale by RIO

IOC for sale by RIO

For your info.
The existing small miners as well as the various projects, are already looking things over in the idea of solving their problems of rail shipping , (too expensive) and getting access to port storage yards and ship loaders ( IOC buys their product at the end of the railroad actually as it is under no obligation to offer storage and ship loading and then sells it to the client). 
IOC Lab City is looking at an end to their electricity supply contract with Newfie Power in 2014. This could put the future of the pellet plant in doubt as I hear that the rate increase on the table at the moment is abusive.
A break up of IOC could result QNS&L is separated from the rest. Who would get the terminal and shiploading ?
A bidding war could result.

Bullboard Posts