Oceanic Iron Ore Corp V.FEO

Alternate Symbol(s): FEOVF

Steel Steel

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.

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Oceanic Iron Ore Corp

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Comment by ripantuckon Oct 22, 2013 12:04pm

128 Views

Post# 21837493

RE:RE:Website

Mr. Bigger,

A few days ago you were estimating a sale price of $50 MN, now its up to $100MN. The higher figure is still less than 3% of the NPV. Are you working for a company contemplating a hostile bid, trying to get a consensus of small shareholers to vote for selling the asset for less than 5% of its value?

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