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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 helpline88on Apr 16, 2018 6:11pm
57 Views
Post# 27894040

Timeframe

TimeframeAccording to the December 31st financial statements the Company had $519,000 in cash. No doubt management are watching their pennies. Probably using LED lights and eating at food fair. I think they will make through the summer before drastic measures will be needed. Iron prices have dropped recently. I am not sure how much that affects the potential Hope deal. Not much support in the markets for this stock. I doubt many new investors, just us who are hanging on. It still could work out. We have a good team but do the Chinese want to play.
Bullboard Posts