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Orbite Technologies Inc EORBF

Orbite Technologies Inc is a Canada-based mineral-processing and resource development company. The firm is organised into the following segments; Specialty Products, Waste Monetization and Commodity Minerals. It produces alumina, silica, hematite, magnesium oxide, titanium oxide, smelter-grade alumina, rare earth oxides and rare metal oxides. The operation plant is based in Canada.


GREY:EORBF - Post by User

Bullboard Posts
Comment by StanleyTools1on Aug 31, 2012 11:02am
197 Views
Post# 20284087

RE: Bye Stanley

RE: Bye Stanley

NiagaraCastles: How does me re-printing something that Orbite wrote, on Orbite's June 30th, 2012 MD&A constitute talking trash? Here are the pertinent points....

 

Exploration, Mining and Operational Risks

Although the Corporation’s alumina extraction pilot plant has produced encouraging results, this in no way

guarantees the effectiveness or the scalability of the extraction process, nor its financial viability. Apart from the

alumina produced by the Corporation and submitted to INRS (Institut national de la recherche scientifique) and to

SINTEF, the leading independent international research organization in Norway, which was used to produce

aluminum, the alumina which was produced so far by the Corporation has not been independently tested and,

consequently, preliminary results and expectations should not be relied upon as expectations of future

performance or results. The transition from a pilot scale facility to an industrial production facility in terms of

engineering involves a very high degree of risks. Furthermore, there can be no assurance that the Corporation’s

process will be able to deliver a product quality standard acceptable to prospective customers. The Corporation

has not completed a comprehensive feasibility study at this stage and there can be no assurance that the

development of the Corporation’s mineral project into a commercially viable mine and the commercialization of

the Corporation’s alumina (and other material) extraction process into a commercially viable business opportunity,

will be successful.

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