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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 Compromiseon Mar 30, 2013 12:22am
306 Views
Post# 21187038

Long Term

Long Term

Although there we are certainly feeling some near term downward pressure, the long term fundamentals for this project are very promising.  I was looking at the recent release regarding new claims at Hopes Advance and Roberts Lake and was reminded the size of their entire resource.  Roberts Lake is substantial and will be larger than Hopes Advance.  If FEO can remain a going concern in the short term, the long term will pay large dividends.  I hope that I have some available funds to add as it continues to dip.

GLTA

Bullboard Posts