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To: Terry Maloney who wrote (84957)	7/4/2011 10:23:02 PM
From: Rocket Red	Read Replies (1) \| Respond to of 233807

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To: Terry Maloney who wrote (84957)	7/4/2011 10:33:18 PM
From: Rocket Red	Respond to of 233807

ORT.A - Initiating Coverage Price: $50.00 Provider: M Partners Date: 02 May 2011 Pages: 16 Type: AcrobatPDF Companies referenced: ORTa.V Available for Immediate Download Summary: We are initiating coverage of Exploration Orbite V.S.P.A. Inc. with a BUY recommendation and a twelve-month target price of $15.00 per share. Exploration Orbite developed a patented low-cost process to extract alumina from aluminous ores which could displace bauxite deposits from the center of the alumina universe. Orbite’s pilot plant in Cap-Chat, Quebec successfully demonstrated the new process in Q1 2011 using ore from its Grande-Vallée clay deposit containing 1B tonne of 23% aluminum oxide within the first 100m from surface. We believe Orbite is significantly undervalued ahead of several near-term catalysts such as commercial production of high purity alumina and release of the Metallurgical Feasibility Study in Q1 2012. (M Partners - 416.603.7381)