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 > Dilution

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Comment by Drillheadedon Oct 20, 2024 4:06am

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Post# 36273511

RE:RE:Dilution

Shlinker, agree with everything that you write.

New company presentation is out. They have added a NPV based on spot prices. NPV US$3.7 billion.
Our market cap is currently around C$ 20 million.
Crazy discount...

Admittedly, the slide with share structure is not a pretty sight but at least insiders own nearly 70%.

I will wait while accumulating to fend of dilution.

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