Let's keep perspective Folks, we're talking about a PEA here that has an accuracy of +/- 30%. Please read that again and again until it sinks in, and then read it a couple more times. I think Orbite has handled this situation very poorly from a PR perspective, but that doesn't change the basic fact that this is only a PEA and should not be treated like a covenant with God. However that doesn't mean the PEA is useless either. The PEA contains a wealth of information and clearly shows us what the knowns and unknowns are going forward.
With respect to regulatory issues, It is clear at this point that Orbite has not met the initial revision deadline given by the AMF, but anyone who claims that they know exactly why that is is or claims to know how this whole thing will ultimately shake out is simply talking out of their bum. We can only wait and see at this point.
It's really sad to see this board descend into a circus like a number of other SH boards. There are many people here who seek only to manipulate emotions by continually painting the picture as black and white. The reality is that it is nowhere near that simple. Be wary of anyone with a one-sided view who claims objectivity. Keep perspective and realize that the chances of an extreme outcome - either all blue skies or catastrophic failure - are extremely unlikely given all of the information we have at this point about Orbite and its processes.
I recommend that everyone take a look at the projections in the PEA and do some alternative number crunching for themselves. For example, try increasing the energy costs by 30% while reducing the revenue from REEs by 50% and see what you come up with. Now compare the NPV and IRR to other exploration or mining companies. I think many people will come to the same conclusion as I have, which is that there is a whole lot of wiggle room here.