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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 Sep 23, 2018 4:42pm
45 Views
Post# 28673881

Iron Ore/Coal

Iron Ore/CoalI was just reading an article regarding Teck’s determination to carry on with a massive oilsands project.  They are so big and forward looking.  Aside from the bad timing with the Fording deal they are good at looking for good deals.  
In 2010 Teck talked about their desire to add IronOre to their asset mix but the prices were too high.  I think the timing is in the right place for a large high grade project in a safe jurisdiction.  I don’t think that the prices can get any better than they are right now for TECK to take a position in FEO.  They could become a 20% partner for peanuts right now as FEO seeks some cash.
Seems like a good fit to me:)
Bullboard Posts