U.S. SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2004

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT FOR THE
     TRANSITION PERIOD FROM _________________ TO _________________

                        Commission File Number: 000-26755

                                  ORETECH, INC.
        (Exact name of small business issuer as specified in its charter)

                Nevada                                 88-0409147
    (State or other jurisdiction of         (IRS Employer Identification No.)
     corporation or organization)


                309 State Docks Road, Phenix City, Alabama 36869
               (Address of principal executive offices) (Zip Code)

                                 (334) 297-0663
                           (Issuer's telephone number)

                                 Not applicable
              (Former name, former address and former fiscal year,
                          if changed since last report)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15 (d) of the Securities Exchange Act during the past 12 months (or for
such shorter period that the registrant was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days.
                                                                  Yes [X] No [ ]

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE
PRECEDING FIVE YEARS:

Check whether the registrant filed all documents and reports required to be
filed by Section 12, 13, or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court. Yes [ ] No [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS:

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: As of September 30, 2004, 33,322,700
shares of common stock, par value $.001, were issued and outstanding.

TRANSITIONAL SMALL BUSINESS DISCLOSURE FORMAT (CHECK ONE): Yes [ ] No [X]




<PAGE>

                                     PART I



ITEM 1.  FINANCIAL INFORMATION

ORETECH, INC. AND SUBSIDIARIES
(A DEVELOPMENT STAGE COMPANY)
CONSOLIDATED BALANCE SHEETS
(Unaudited)

<TABLE>
<CAPTION>



                                                   September 30, 2004             June 30, 2004
                                                   ------------------             -------------
CURRENT ASSETS
<S>                                                    <C>                         <C>
Cash and cash equivalents                              $     8,916                 $     1,450
                                                       -----------                 -----------
Total current assets                                         8,916                       1,450
OTHER ASSETS
Property, plant & equipment
   net of accumulated depreciation                          13,150                      11,649
 Mining property and claims                              2,129,989                   2,129,989
 Accounts receivable - related party                        11,074                         --
                                                       -----------                 -----------
Total assets                                           $ 2,163,129                 $ 2,143,088
                                                       ===========                 ===========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
   Accounts payable                                    $    92,043                 $    98,914
   Notes payable - due within one year                     820,213                     758,980
   Accrued expenses                                         47,065                      33,436
   Liabilities assumed from business acquired              450,108                     452,108
   Liabilities of business transferred                     188,040                     188,040
                                                       -----------                 -----------
Total current liabilities                                1,597,469                   1,531,478
OTHER LIABILITIES
  Notes payable - due after one year                            --                      52,400
                                                       -----------                 -----------
Total liabilities                                        1,597,469                   1,583,878

STOCKHOLDERS' EQUITY
Common stock - $.001 Par Value,
  200,000,000 shares
  authorized, 33,858,783 and
  36,134,251 shares issued and
  outstanding at September 30, 2004
  and June 30, 2004, respectively                           33,859                      36,134
Additional Paid in capital                               4,360,212                   3,985,894
Deferred professional fees                                 (18,375)                    (36,750)
Deficit accumulated during the
  development stage                                     (3,810,036)                 (3,426,068)
                                                       -----------                 -----------
Total stockholders' equity (deficit)                       565,660                     559,210
                                                       -----------                 -----------
Total liabilities and stockholders' equity             $ 2,163,129                 $ 2,143,088
                                                       ===========                 ===========
</TABLE>

   The accompanying notes are an integral part of these financial statements.


                                       1

<PAGE>
ORETECH, INC. AND SUBSIDIARIES
(A DEVELOPMENT STAGE COMPANY)
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

<TABLE>
<CAPTION>
                                                                                                    From Date of
                                                                                                      Inception
                                                                                                   (June 11, 2001)
                                                                Three Months Ended                     Through
                                                    -------------------------------------------  ------------------
                                                    September 30, 2004       September 30, 2003  September 30, 2004
                                                    -------------------------------------------  ------------------
<S>                                                      <C>                   <C>                   <C>
REVENUES                                                 $       --            $       --            $       --

GENERAL AND ADMINISTRATIVE EXPENSES

Compensation                                             $    130,750          $    107,000          $  1,022,650
Consulting fees                                               116,026                  --                 138,575
Other expense                                                  33,549                20,556               209,446
Professional fees                                              29,979                70,998               320,863
Board of Directors fees                                        26,250                  --                  26,250
Insurance                                                       3,224                11,094                45,283
Depreciation                                                    1,722                   143                 3,214
Amortization of deferred professional fees                     18,375                  --                 385,125
Costs to acquire Tantivy                                         --                    --               1,672,735
Impairment of goodwill and mining properties                     --                    --                 221,658
Settlement of obligation of related party                        --                    --                 225,000
                                                         ------------          ------------          ------------
Total general and administrative expenses                     359,875               209,791             4,270,799
                                                         ------------          ------------          ------------
Net loss before other income and expenses                    (359,875)             (209,791)           (4,270,799)

OTHER INCOME AND EXPENSES

(Interest expense) net of interest income                     (24,093)               (6,192)             (100,764)
Gain on restructure of debt                                      --                                       561,526
                                                         ------------          ------------          ------------
Net loss                                                 $   (383,968)         $   (215,983)         $ (3,810,037)
                                                         ============          ============          ============
Earnings (loss) per common share, basic and diluted      $      (0.01)         $      (0.01)         $      (0.14)
                                                         ============          ============          ============
Weighted average common shares outstanding                 35,467,932            26,538,381            27,305,191


</TABLE>


   The accompanying notes are an integral part of these financial statements.


                                       2

<PAGE>



ORETECH, INC. AND SUBSIDIARIES
(A DEVELOPMENT STAGE COMPANY)
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
THREE MONTHS ENDED SEPTEMBER 30, 2004
(Unaudited)

<TABLE>
<CAPTION>
                                                                                                Deficit
                                                                                              Accumulated
                                                    Common Stock     Additional    Deferred      During        Total
                                                --------------------   Paid-In   Professional Development  Stockholders'
                                                  Shares     Amount    Capital       Fees        Stage        Deficit
                                                ----------- -------- ----------- ------------ ------------ -------------
<S>                                             <C>         <C>      <C>            <C>       <C>              <C>
Balance - June 30, 2004                         36,134,251  $36,134  $3,985,894     $(36,750) $(3,426,068)     $559,210
Shares sold in private placement                   234,300      234      97,693            -            -        97,927
Shares sold in private placement                     4,640        5       2,315            -            -         2,320
Shares sold in private placement                    10,540       11       5,259            -            -         5,270
Shares issued for services                          16,000       16       7,984            -            -         8,000
Shares for services to be performed                203,052      203     101,323            -            -       101,526
Shares issued for compensation                     314,000      314     156,686            -            -       157,000
Shares cancelled                                (3,058,000)  (3,058)      3,058            -            -             -
Deferred compensation amortization                       -        -           -       18,375            -        18,375
Net Loss - July 1, 2004 - September 30, 2004             -        -           -            -     (383,968)     (383,968)
                                                ----------- -------- ----------- ------------ ------------ -------------
Balance - Septembber 30, 2004                   33,858,783  $33,859  $4,360,212     $(18,375) $(3,810,036)     $565,660
                                                =========== ======== =========== ============ ============ =============

</TABLE>


The accompanying notes are an integral part of these financial statements.



                                       3

<PAGE>


ORETECH, INC. AND SUBSIDIARIES
(A DEVELOPMENT STAGE COMPANY)
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)


<TABLE>
<CAPTION>
                                                                                                                From
                                                                      For The             For the          Date of Inception
                                                                    Three Months       Three Months        (June 11, 2001)
                                                                       Ended               Ended               Through
                                                                 September 30, 2004  September 30, 2003   September 30, 2004
                                                                -------------------- -----------------    ------------------
CASH FLOWS FROM OPERATING ACTIVITIES
<S>                                                                <C>               <C>                    <C>
Net loss                                                             $  (383,968)   $  (215,983)            $(3,810,036)
Adjustments to reconcile net loss to
  net cash flows from operating activities
Costs to acquire subsidiary                                                 --              --                1,672,735
Amortization of deferred professional fees                                18,375         55,000                 411,084
Non cash compensation                                                    157,000            --                  975,231
 (Gain) loss on restructure of debt                                         --              --                 (561,526)
Common stock issued for services                                         109,526            --                  156,338
Note issued for services                                                    --              --                   57,400
Common stock issued for settlement of
  obligation of related party                                               --              --                  225,000
Impairment of goodwill and mining properties                                --              --                  221,658
Depreciation                                                               1,722             143                  3,214
   Changes in assets and liabilities
Prepaid expenses                                                            --           (29,407)                  --
Other assets                                                             (11,074)           --                  (11,074)
Accounts payable and accrued expenses                                      4,758         120,418                140,875
                                                                     -----------     -----------            -----------
   Total adjustments                                                     280,307         151,154              3,290,935
                                                                     -----------     -----------            -----------
   Net cash flows from operating activities                             (103,661)        (64,829)              (519,101)

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment                                 (3,223)         (6,662)              (314,696)
                                                                     -----------     -----------            -----------
   Net cash flows from investing activities                               (3,223)         (6,662)              (314,696)

CASH FLOWS FROM FINANCING ACTIVITIES
Principal payments on borrowings                                         (17,147)           --                  (68,720)
Proceeds from borrowings                                                  25,980          64,574                621,591
Proceeds from sales of common stock                                      105,517          35,000                289,842
Decrease in note receivable                                                 --           (30,423)                  --
                                                                     -----------     -----------            -----------
Net cash flows from financiang activities                                114,350          73,651                842,713
                                                                     -----------     -----------            -----------
Net increase (decrease) in cash and cash equvalents                        7,466           2,160                  8,916
Cash and cash equivalents at beginning of period                           1,450           3,306                   --
                                                                     -----------     -----------            -----------
Cash and cash equivalents at end of period                           $     8,916           5,466            $     8,916
                                                                     ===========     ===========            ===========


SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest                                               $     4,647            --              $    12,364

NONCASH INVESTING AND FINANCING ACTIVITIES
Common stock issued for compensation                                 $   157,000            --              $   975,231
Reduction of liability in restructure of debt                               --              --                  561,526
Common stock issued for acquisition of mining property                      --              --                1,731,656
Common stock issued for settlement of obligation of
  related party                                                             --              --                  225,000
Note issued for acquisition of mining property                              --              --                  100,000
Common stock issued for services                                           8,000            --                  156,338
Common stock issued for services to be performed                         101,526            --                  101,526
Stock options issued for consulting services                                --           55,000                 275,000
Common stock issued for settlement of debt                                  --              --                   79,533
Common stock issued for debt guarantee                                      --              --                   73,500
Note isssued for services                                                   --              --                   57,400
</TABLE>

The accompanying notes are an integral part of these financial statements.

                                       4
<PAGE>










ORETECH, INC.
A DEVELOPMENT STAGE COMPANY
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
-------------------------------------------------------------------------------

NOTE A -          NATURE OF OPERATIONS
                  Oretech, Inc. ("Oretech")(formerly the Tantivy Group, Inc.),
                  is a corporation located in Phenix City, Alabama,
                  organized under the laws of the State of Nevada, and is in
                  the business of processing ore and mine tailings to
                  extract precious metals. Oretech is currently in the
                  development stage.


Note B -          GOING CONCERN
                  Oretech is currently in the development stage with an
                  accumulated deficit of $3,810,036 and a deficit in working
                  capital of $1,588,553 as of September 30, 2004. The
                  development of the new, ore and mineral processing technology
                  being developed for Oretech has not yet been proved on a
                  commercially feasible basis and the Company is unable to
                  project when the technology will be available, if at all. To
                  date, the Company has generated substantial operating losses,
                  has experienced delays in developing its products and services
                  and has been required to use a substantial amount of cash
                  resources as well as issuing equity in exchange for services
                  to fund its operations. The Company does not believe that
                  existing cash and internally generated funds will be
                  sufficient to fund its operations indefinitely. Accordingly,
                  there is substantial doubt about Oretech's ability to continue
                  as a going concern. Oretech's continued existence is dependent
                  upon its ability to develop profitable operations and to
                  obtain working capital. Management of Oretech believes that it
                  has developed a strategy that will accomplish these
                  objectives, including obtaining private financing and equity
                  funding, which will provide the funds to enable Oretech to
                  utilize the ore processing technology on the raw materials
                  located at its mining claims and those to be acquired. If the
                  Company is unable to raise additional capital and generate
                  working capital through the use and deployment of its
                  technology soon, it will be forced to consider alternatives
                  for winding down its business, which may include filing for
                  bankruptcy protection. To maintain the minimal resources
                  necessary to support its current operations, the Company does
                  not believe that substantial additional reductions in its
                  operating expenses are feasible. No assurances can be given
                  that the Company will be able to raise additional capital or
                  generate working capital from its business in a manner that
                  would allow it to continue its operations. The financial
                  statements do not include any adjustments related to the
                  recoverability and classification of reported asset amounts or
                  amounts and classification of liabilities that might be
                  necessary should the Company be unable to continue in
                  existence.

NOTE C -          NEW ACCOUNTING STANDARDS
                  The following is a summary of recent authoritative
                  pronouncements that affect accounting, reporting, and
                  disclosure of financial information by the Company:

                                       5
<PAGE>

                  In May 2003, the Financial Accounting Standards Board ("FASB")
                  issued Statement of Financial Accounting Standards ("SFAS")
                  No. 150, "Accounting for Certain Financial Instruments with
                  Characteristics of both Liabilities and Equity", which
                  establishes standards for how an issuer classifies and
                  measures certain financial instruments with characteristics of
                  both liabilities and equity. SFAS No. 150 requires an issuer
                  to classify certain financial instruments that include certain
                  obligations, such as mandatory redemption, repurchase of the
                  issuer's equity, or settlement by issuing equity, previously
                  classified as equity, as liabilities or assets in some
                  circumstances. SFAS No. 150 was generally effective for
                  financial instruments entered into or modified after May 31,
                  2003, and otherwise was effective at the beginning of the
                  first interim period beginning after June 15, 2003. The
                  adoption of SFAS No. 150 did not have any impact on the
                  financial position or operating results of the Company.

                  In January 2003, the FASB issued FASB Interpretation No. 46
                  ("FIN 46"), "Consolidation of Variable Interest Entities." In
                  December 2003, FIN 46 was replaced by FASB interpretation No.
                  46(R) ("FIN 46(R)"), "Consolidation of Variable Interest
                  Entities." FIN 46(R) clarifies the application of Accounting
                  Research Bulletin No. 51 "Consolidated Financial Statements,"
                  to certain entities in which equity investors do not have the
                  characteristics of a controlling financial interest or do not
                  have sufficient equity at risk for the entity to finance its
                  activities without additional subordinated financial support
                  from other parties. FIN 46(R) requires an enterprise to
                  consolidate a variable interest entity if that enterprise will
                  absorb a majority of the entity's expected losses, is entitled
                  to receive a majority of the entity's expected residual
                  returns, or both. FIN 46 applied immediately to variable
                  interest entities created or obtained after January 31, 2003,
                  and applied to the first fiscal year or interim period ending
                  after December 15, 2003, to variable interest entities in
                  which an enterprise holds a variable interest that was
                  acquired before February 1, 2003. FIN 46(R) is effective for
                  entities being evaluated under FIN 46(R) for consolidation no
                  later than the end of the first reporting period that ends
                  after March 15, 2004. The adoption of FIN 46(R) did not have a
                  significant impact on the Company's financial position or
                  results of operations.

                  In March 2004, the FASB issued an exposure draft on
                  "Share-Based Payment". The proposed Statement addresses the
                  accounting for transactions in which an enterprise receives
                  employee services in exchange for a) equity instruments of the
                  enterprise or b) liabilities that are based on the fair value
                  of the enterprise's equity instruments or that may be settled
                  by the issuance of such equity instruments. This proposed
                  Statement would eliminate the ability to account for
                  share-based compensation transactions using APB Opinion No.
                  25, "Accounting for Stock Issued to Employees", and generally
                  would require instead that such transactions be accounted for
                  using a fair-value-based method. This Statement, if approved,
                  will be effective for awards that are granted, modified, or
                  settled in fiscal years beginning after a) December 15, 2004
                  for public entities and nonpublic entities that used the
                  fair-value-based method of accounting under the original
                  provisions of SFAS 123 for recognition or pro forma disclosure
                  purposes and b) December 15, 2005 for all other nonpublic
                  entities. Earlier application is encouraged provided that
                  financial statements for those earlier years have not yet been
                  issued. Retrospective application of this Statement is not
                  permitted. Management has not determined the impact adoption
                  of this Statement, if approved, will have on the Company's
                  financial position or results of operations.

                  In June 2004, the FASB issued an exposure draft on "Fair Value
                  Measurements". The proposed Statement addresses guidance on
                  how to measure the fair value of financial and non-financial
                  assets and liabilities when required by other authoritative
                  accounting pronouncements. The proposed statement attempts to
                  address concerns about the ability to develop reliable
                  estimates of fair value and inconsistencies in fair value
                  guidance provided by current Generally Accepted Accounting
                  Principals ("GAAP"), by creating a framework that clarifies
                  the fair value objective and its application in GAAP. In
                  addition, the proposal expands disclosures required about the
                  use of fair value to re-measure assets and liabilities. The
                  proposed Standard would be effective for financial statements
                  issued for fiscal years beginning after June 15, 2005.
                  Management has not determined the impact adoption of this
                  Statement, if approved, will have on the Company's financial
                  position or results of operations.

                                       6
<PAGE>

                  Other accounting standards that have been issued or proposed
                  by the FASB or other standards-setting bodies that do not
                  require adoption until a future date are not expected to have
                  a material impact on the Company's consolidated financial
                  statements upon adoption.

NOTE D -          BASIS OF PRESENTATION
                  The unaudited consolidated financial statements reflect the
                  Acquisition Agreement which became effective April 1, 2003,
                  pursuant to which Oretech Corp., a Nevada corporation, became
                  a wholly owned subsidiary of the The Tantivy Group, Inc.
                  ("Tantivy"). The business combination was accounted for as a
                  reverse acquisition of Tantivy and a recapitalization of
                  Oretech Corp. Subsequent to the reverse acquisition
                  transaction, Tantivy amended its Articles of Incorporation to
                  change its name to Oretech Inc. Oretech Corp is a wholly owned
                  subsidiary of Oretech, Inc.

                  The accompanying unaudited consolidated financial statements
                  of the Company have been prepared in accordance with
                  accounting principles generally accepted in the United States
                  of America for interim financial information and with the
                  instructions to quarterly reports on Form 10-QSB and item 310
                  of Regulation SB . Accordingly, they do not include all of the
                  information and footnotes required by generally accepted
                  accounting principles for complete financial statements. The
                  balance sheet at June 30, 2004 has been derived from the
                  audited consolidated financial statements at that date, but
                  does not include all of the information and footnotes required
                  by generally accepted accounting principles for complete
                  financial statements.

                  The financial information reflects all adjustments (consisting
                  of normal, recurring accruals) which, in the opinion of
                  management, are necessary for a fair presentation of the
                  results for the periods shown. The results of operations for
                  such periods are not necessarily indicative of the results
                  expected for the full year or for any future period. The
                  accompanying financial statements should be read in
                  conjunction with the audited consolidated financial statements
                  of the Company for the year ended June 30, 2004.

                  In accordance with management's oversight of the Company's
                  operations, the Company conducts its business in one industry
                  segment - the processing of ore and mine tailings to extract
                  precious metals.

                  Certain amounts in 2003 have been reclassified to conform to
                  2004 presentation for comparability. These reclassifications
                  have no effect on previously reported stockholders' equity or
                  net loss.

                  Oretech's financial statements have been presented on the
                  basis that it is a going concern, which contemplates the
                  realization of assets and the satisfaction of liabilities in
                  the normal course of business.

                  Oretech's principal activities since inception have consisted
                  of financial planning, establishing sources of production and
                  supply, developing markets, and raising capital. Oretech plans
                  to utilize a proprietary process for the extraction of
                  precious metals from the known mined ore and tailings located
                  in its mining claims. Business operations will include the
                  extraction, smelting, casting, and refining of precious
                  metals. Principal operations have not started; therefore
                  Oretech has no present sources of significant revenues.

NOTE E -          PRINCIPLES OF CONSOLIDATION
                  The accompanying consolidated financial statements include the
                  accounts of Oretech, Inc. and its wholly owned subsidiaries
                  (collectively referred to as "Oretech"). All intercompany
                  balances and transactions have been eliminated in
                  consolidation.

                                       7
<PAGE>

NOTE F -          RELATED PARTIES
                  Oretech has an exclusive license from PTI Ventures, LLC
                  ("PTI") to commercialize a new, ore and minerals processing
                  and environmental remediation technology, utilizing a
                  proprietary high temperature technique for extraction of
                  precious and strategic metals from various ore tailings, dump
                  piles and other industrial feedstock sources. Terms of the
                  agreement require Oretech to pay a licensing fee in the amount
                  of $2,000,000 per processing system in exchange for the
                  exclusive rights to the processing technology plus a royalty
                  fee equal to 15% of net revenue generated under the process.
                  PTI is a privately held Georgia limited liability company. The
                  managing member of PTI is Stephen Shehane, the Deputy Chairman
                  of the Oretech Board of Directors. Oretech provides office and
                  production space to PTI at no charge.

                  PTI has not yet completed testing and has not delivered a unit
                  capable of processing 2,000 lbs of ore per hour. Oretech is
                  currently negotiating a Technology Assignment Agreement with
                  Stephen Shehane whereby Shehane would assign the precious
                  metals extraction technology directly to Oretech in return for
                  Oretech assuming all liabilities of PTI incurred in
                  development of the Technology.

                  During the three months ended September 30, 2004 Oretech
                  purchased certain items for PTI's processing system to be
                  delivered to Oretech. Such purchases totaled $11,074 and
                  Oretech has recognized as a receivable from PTI for this same
                  amount.

                  Oretech entered into a one year operating lease agreement that
                  commenced on August 1, 2003 for its corporate offices and
                  warehouse space. Terms of the agreement require Oretech to pay
                  monthly rent in the amount of $3,500 plus all utilities,
                  insurance, and repairs and maintenance. The lease was extended
                  for an additional one year period with monthly rental payments
                  of $3,700. The landlord is Blythe Metal Sources, Inc., which
                  is owned by Tom Blythe, Oretech's Vice President of
                  Manufacturing and Engineering.

NOTE G -          ACQUISITION
                  On December 31, 2003, Oretech completed an asset purchase
                  agreement with an unrelated entity to acquire mining claims,
                  located in Colorado. Historically the mines yielded silver,
                  lead, gold, zinc, and other strategic and precious metals.
                  Oretech has been performing tests on tailing samples and dump
                  site samples from the mining properties for over one year,
                  which indicate commercial production viability of the ore. The
                  consideration paid for these two mining properties, including
                  closing costs, consisted of $300,000 in cash, the assumption
                  of a promissory note in the amount of $100,000 due on March
                  31, 2004 plus the issuance of 1,175,000 shares of common stock
                  and 293,750 warrants to purchase Oretech common stock at an
                  exercise price of $1.00 per share. The warrants are
                  exercisable for three years. The $300,000 in cash was borrowed
                  from a bank with the guarantees of Oretech's Deputy Chairman,
                  H. Stephen Shehane, and another non-affiliated individual,
                  each of whom received 10,500 shares of Oretech common stock
                  for signing the guarantee. The fair value of the stock and
                  warrants issued were determined to be $1,731,656 based on a
                  discount from trading prices due to the restricted nature of
                  the stock and the large amount of stock issued relative to the
                  trading volume.


                                       8
<PAGE>

                  In addition, Oretech can be required to acquire additional
                  mining properties, subject to being able to acquire clear
                  title. If the seller is able to acquire clear title to the
                  properties, then Oretech will pay up to $18,750 in cash,
                  75,000 shares of common stock and 18,750 warrants.

NOTE H -          TRANSFER OF SUBSIDIARIES
                  Effective October 2003, Oretech entered into an agreement to
                  sell 95% of the stock of its subsidiaries, Online Television
                  Network Services, Inc., Tantivy Entertainment, Inc., Tantivy
                  Technologies, Inc., and Tantivy Sciences, Inc. The purchase
                  price consisted of the assumption of debt by the buyer, a
                  member of management of the former Tantivy Group Inc. The
                  total amount of debt assumed by the buyer was $188,040 .
                  Because the buyer is a thinly capitalized entity without any
                  other source of revenues, Oretech has not recognized the
                  reduction of liabilities on its books. The liabilities assumed
                  are shown on the balance sheet as Liabilities of Business
                  Transferred. When the liabilities are paid, settled or
                  otherwise resolved by the buyer, Oretech will recognize a gain
                  on sale of the businesses transferred.

Note I -          NOTES PAYABLE
                  Notes payable at September 30, 2004 consisted of:

                    a.   $83,632 note payable (original amount of $100,000) to
                         an individual. Note is payable in monthly payments of
                         $3,691, including interest at 12% per annum, through
                         April 2006. The note is convertible into common stock
                         of Oretech at the option of the holder. The number of
                         shares the note holder would received is equal to the
                         amount of outstanding debt divided by eighty percent
                         (80%) of the price of the Oretech stock at the date of
                         conversion. A single payment in the amount of $500 was
                         made during the three months ended September 30, 2004.

                    b.   $67,000 note payable to third parties bearing interest
                         at 6.5%. Interest is payable quarterly until maturity
                         in June 2005. Principal is due at maturity. The note is
                         convertible into common stock of Oretech at a price of
                         one share for each $4.00 of principal and accrued
                         interest at the option of the holder. No interest
                         payments were made during the three months ended
                         September 31, 2004.

                    c.   $10,000 note payable to a shareholder with interest at
                         a rate of 6.5% per annum. The note is due on demand. No
                         interest or principal payments were made during the
                         three months ended September 31, 2004.

                    d.   $52,400 payable to a third party bearing interest at
                         6.5% per annum. Interest is payable quarterly and the
                         principal is payable at maturity on September 1, 2005.
                         The note is convertible by the holder, to common stock
                         of Oretech at a conversion price of one share for each
                         $2.50 of principal and accrued interest. No interest or
                         principal payments were made during the three months
                         ended September 31, 2004.

                    e.   $349,750 due to a bank with interest payable monthly at
                         a rate of 1.5% above prime with a floor of 5.5%.
                         Principal is due at maturity on December 30, 2004. The
                         note is guaranteed by the deputy chairman of the board
                         and another individual. All required interest payments
                         were made during the three months ended September 31,
                         2004.

                    f.   $137,079 payable to the Deputy Chairman of the Board
                         bearing interest 6.5% per annum. This note is due on
                         demand. No interest or principal payments were made
                         during the three months ended September 31, 2004.

                    g.   $90,353 payable assumed in the mining properties
                         acquisition, collateralized by the mining properties.
                         Principal of $63,000 was due on March 31, 2004, of
                         which only $5,000 was paid, therefore the loan is
                         currently in default. Interest accrues at $1,065 per
                         month on this portion of the note. No interest payments
                         have been made subsequent to April 2004. The remaining
                         $37,000 accrues interest at 10% per annum and is
                         payable in monthly installments of $1,000 commencing
                         May 1, 2004, until paid in full. A single payment in
                         the amount of $10,000.00 was made during the three
                         months ended September 30, 2004, of which $5,353 and
                         $4,647 was attributed to interest and principal,
                         respectively.

                    h.   $30,000 payable on January 31, 2005, to the Chairman,
                         CEO and President, the Chief Financial Officer and a
                         Director. Interest accrues at .5% above prime (4.5% per
                         annum at June 30, 2004), and is payable at maturity. No
                         interest or principal payments were made during the
                         three months ended September 31, 2004.

NOTE J -          EQUITY
                  In March of 2004, Oretech initiated a private placement
                  offering to sell a maximum of 5,000,000 shares of its common
                  stock at a subscription price of $.50 per share. The minimum
                  purchase was 10,000 shares, or $5,000. The offering was
                  expected to close on June 30, 2004, but has been extended
                  indefinitely. Oretech will continue to solicit investments
                  from accredited investors in accordance to this private
                  placement on an ongoing basis. During the year ended June 30,
                  2004 and the three months ended September 30, 2004, Oretech
                  issued 151,650 and 249,480 shares for aggregate consideration
                  of $183,825 and $105,517, respectively. Shares were issued for
                  amounts ranging from $0.30 to $0.50.

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<PAGE>

                  During the three months ended September 30, 2004, Oretech
                  issued 16,000 shares of restricted common stock to its legal
                  counsel for services performed during the period. The fair
                  value of the shares issued was $8,000.

                  On September 30, 2004, Oretech issued 203,052 shares of
                  restricted common stock to an unrelated third party that will
                  be performing consulting services for Oretech. The fair value
                  was determined to be $ 101,526 based on other cash sales under
                  the private placement offering which was expensed on the
                  Company's Statement of Operations.

                  During the Three months ended September 30, 2004, defendants
                  in a lawsuit against Oretech's former Chairman and Chief
                  Executive Officer, Stephen D. Cummins, and several other
                  individuals and entities, have returned and the Company has
                  cancelled 3,058,000 shares of the Company's common stock. In
                  addition, there are an additional 2,933,000 shares that are to
                  be returned in conjunction with this lawsuit and on August 5,
                  2004, Oretech obtained a default judgment for the surrender of
                  these additional shares. As of the date of this report the
                  Company had not received these additional shares.

                  Oretech initiated a private placement offering for accredited
                  investors during September 2003. Oretech offered a maximum of
                  1,000,000 private placement units at a cost of $5.00 per unit.
                  Each unit is comprised of two shares of Oretech common stock,
                  one Class A warrant with an exercise price of $1.75, and one
                  Class B warrant with and exercise price of $2.00. The minimum
                  purchase is 2,000 units or $10,000. The warrants expire one
                  year from the date of purchase of the unit(s). This offering
                  was closed effective March 1, 2004.

                  During September 2003, an accredited investor purchased 7,000
                  units for $35,000. The common stock and warrants were recorded
                  at their fair value totaling $72,030. Equity financing costs
                  in the amount of $37,030 were recorded in the transaction. In
                  November 2003 Oretech's Chairman purchased 20,000 units for
                  $100,000. The common stock and warrants were recorded at their
                  fair value totaling $205,800. Equity financing costs in the
                  amount of $105,800 were recorded in the transaction. Fair
                  market value of the warrants was determined using a
                  Black-Scholes pricing model.

NOTE K -          DEFERRED PROFESSIONAL FEES
                  Deferred professional fees are $18,375 at September 30, 2004.
                  This represents the unamortized portion of the fair value of
                  21,000 shares of stock issued for a guarantee of the Company.
                  The total value of the shares issued of $73,500 is being
                  amortized over 12 months starting January 1, 2004. The total
                  amortization incurred in the Three months ended September 30,
                  2004 was $18,375.

NOTE L -          IMPAIRMENT OF ASSETS
                  In December 2003, management reviewed the September 27, 2002
                  acquisition of the 13 mining claims in Hayfork, California
                  from Pacific Rocky Mountain, Inc. and determined that Oretech
                  did not have clear title to the properties for the reason that
                  Pacific Rocky Mountain, Inc. did not own the properties and/or
                  failed to deliver clear title to same. Therefore, the carrying
                  amount of the investment in the 13 mining claims in Hayfork,
                  California would not be recoverable. The carrying value of
                  $121,658 was written off. In addition, management determined
                  that they would write off a related payable of $100,000 for
                  the Hayfork mineral claims. The $200,000 in goodwill booked in
                  connection with the Pacific Rocky Mountain, Inc. transaction
                  was written off, as well.

                                       10
<PAGE>


NOTE M -          COMMITMENTS AND CONTINGENCIES
                  On May 20, 2004 Oretech filed a lawsuit against its former
                  Chairman and Chief Executive Officer, Stephen D. Cummins, and
                  several other individuals and entities. The lawsuit seeks to
                  recover damages and equitable relief against the defendants,
                  including the return and cancellation of a substantial number
                  of shares of Oretech common stock, which had been
                  inappropriately issued on the direction of Mr. Cummins.
                  Subsequent to the filing of this lawsuit, the defendants have
                  returned 3,058,000 shares.

                  On August 5, 2004, Oretech obtained a default judgment against
                  Stephen Cummins and the TIC Trust requiring them to surrender
                  Oretech stock certificates for 2,158,000 and 775,000 shares,
                  respectively. As of the date of this report, Mr. Cummins is
                  still withholding 2,000,000 shares and the TIC Trust is still
                  withholding 775,000 shares in violation of the court order
                  dated August 5, 2004.

                  Oretech intends to vigorously pursue the return of the
                  remaining shares held by Stephen Cummins, the TIC Trust and
                  certain other defendants. In addition, Oretech will seek to
                  obtain money judgments against such persons in the future.

                  On January 22, 2004 Oretech sued Pacific Rocky Mountain, Inc.,
                  James E. Logan (a former chief executive officer of Oretech)
                  and William Yarno for breach of contract and fraud in
                  connection with Oretech's purported acquisition of assets from
                  Pacific Rocky Mountain, Inc.

                  The lawsuit alleges that Pacific Rocky Mountain, Inc.
                  misrepresented its ownership of certain mining properties in
                  California, which it either did not own or failed to convey
                  title to such properties to Oretech as required by the
                  contract between the parties.

                  The suit seeks to recover approximately 5,000,000 (post the 1
                  for 10 reverse stock split in April 2003) shares of Oretech
                  common stock issued as consideration for the purchase of the
                  assets. In addition, the lawsuit seeks to recover money
                  damages and punitive damages from the defendants.

                  Oretech has placed an administrative hold on all share
                  certificates of the defendants and other former officers,
                  directors and shareholders of Pacific Rocky Mountain, Inc.,
                  pending the resolution of this lawsuit.

                  On June 24, 2004, the Internal Revenue Service filed a federal
                  tax lien against Oretech in the amount of $220,937.94. The
                  lien relates back to unpaid payroll taxes for the 2000 and
                  2001 calendar years. None of the current management team
                  members were officers or directors of Oretech during 2000 or
                  2001. As of June 30, 2004 Oretech has a liability, included in
                  liabilities of businesses acquired, of approximately $280,000
                  for payroll tax liabilities and approximately $53,000 in
                  interest and penalties assumed in the Tantivy merger. In
                  addition, Oretech recorded interest expense of approximately
                  $4,500 for the three months ended September 30, 2004 on the
                  outstanding debt to the IRS.

                  Management is working with certain tax specialists to
                  negotiate an agreement with the Internal Revenue Service to
                  settle or work out a long-term payment program for the back
                  taxes. Currently no such agreement has been reached.

                  In addition, the liabilities of businesses transferred
                  includes approximately $119,000 of unpaid payroll taxes for
                  those entities. Management believes the obligation for these
                  taxes has been assumed by the purchasers of the entities.



                                       11
<PAGE>





ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

         The following Management's Discussion and Analysis of Financial
Condition and Results of Operations contains forward-looking statements based
upon current expectations that involve risks and uncertainties. When used in
this Form 10-QSB, the words "intend," "anticipate," "believe," "estimate,"
"plan" and "expect" and similar expressions are included to identify
forward-looking statements. Our actual results and the timing of certain events
could differ materially from those anticipated in these forward-looking
statements as a result of certain factors, including those set forth under
"Factors Affecting Operating Results" and elsewhere in this Form 10-QSB.

         Overview
         --------
Oretech is currently in the development stage with an accumulated
deficit of $3,810,036 and a deficit in working capital of $1,588,553 as of
September 30, 2004. The development of the new, ore and mineral processing
technology being developed for Oretech has not yet been proved on a commercially
feasible basis and the Company is unable to project when the technology will be
available, if at all. To date, the Company has generated substantial operating
losses, has experienced delays in developing its products and services and has
been required to use a substantial amount of cash resources as well as issuing
equity in exchange for services to fund its operations.
The Company does not believe that existing cash and internally generated funds
will be sufficient to fund its operations indefinitely. Accordingly, there is
substantial doubt about Oretech's ability to continue as a going concern.
Oretech's continued existence is dependent upon its ability to develop
profitable operations and to obtain working capital. Management of Oretech
believes that it has developed a strategy that will accomplish these objectives,
including obtaining private financing and equity funding, which will provide the
funds to enable Oretech to utilize the ore processing technology on the raw
materials located at its mining claims and those to be acquired. If the Company
is unable to raise additional capital and generate working capital through the
use and deployment of its technology soon, it will be forced to consider
alternatives for winding down its business, which may include filing for
bankruptcy protection. To maintain the minimal resources necessary to support
its current operations, the Company does not believe that substantial additional
reductions in its operating expenses are feasible. No assurances can be given
that the Company will be able to raise additional capital or generate working
capital from its business in a manner that would allow it to continue its
operations.

Oretech management intends to continue the pursuit of several
complementary goals which should enhance our ability to achieve success. Our
goal is to achieve consistent performance from this machine, while at the same
time maximizing the amount of precious metal extracted from various head ore,
dumps or tailings processed. This is a very aggressive goal given the continuing
delays experienced as we struggle with a very challenging learning curve which
is common in the development of any new technology. To achieve our goals our
machine must begin to function in a manner closer to meeting our expectations.
Time is of the essence.

PTI has not yet completed testing and has not delivered a unit capable
of processing 2,000 pounds of ore per hour. Oretech is currently negotiating a
Technology Assignment Agreement with Stephen Shehane whereby Shehane would
assign the precious metals Extraction technology directly to Oretech in return
for Oretech assuming all liabilities of PTI incurred in development of the
Technology.

The power supply and cooling system which support this unit can
accommodate at least one additional unit; however, our confined space limits
further expansion beyond an additional unit. A new facility will be required to
accommodate any expansion beyond this additional unit.

A complementary goal which also maintains management's focus is the
development and exploitation of the substantial inventory of above ground
feedstock acquired through the acquisition of the mining properties in Colorado
from Frontier Development, LLC. The Silver Plume claim group is comprised of
approximately 105 owned claims, 17 partially owned claims and approximately 334
acres of land. The Pittsburg Mine is located on the north side of the lower
Russell Gulch near Central City, Colorado. Oretech is currently considering
several different methods of concentration to ship only concentrated ores for
processing at its Alabama facility.



                                       12
<PAGE>

Once Oretech is confident of the process parameters of the Oretech technology,
it plans to locate an operating unit at the site of the Colorado properties in
order to eliminate the cost of handling and freight to transport feedstock to
Alabama, having a greatly enhanced improvement to our profit margins. This unit
will be built after our existing unit located at our plant in Phenix City,
Alabama is fully operational and performing to our expectations.

Oretech will continue to develop relationships with third party sources to
process their feedstock at an agreed upon rate favorable to both parties. This
would include both mining sources of feedstock and third party sources for
non-mining feedstock such as electronic waste.

Oretech also maintains a close relationship with Frontier Development, LLC, and
under terms of the acquisition agreement of the Colorado properties, retains
certain rights for possible other property acquisitions in the Central City,
Colorado area. Properties close in proximity to Central City proper offer the
potential for considerable commercial and residential development. Management
believes if this opportunity could be exploited, it would possibly further
shareholder value.

RESULTS OF OPERATIONS

Revenues and Cost of Sales
--------------------------

Oretech has generated no revenues from inception and through the fiscal year
ended September 30, 2004 and therefore Oretech is in the development stage.
Activities since inception have consisted solely of financial planning,
establishing sources of production and supply, developing markets and raising
capital.

Cost of Goods Sold
------------------

Cost of Goods Sold from inception and through the fiscal year ended September
30, 2004 totaled $0 because the Company is in the Development stage and has not
yet started production.

Operating Expenses
------------------

Oretech incurred compensation of $130,750 primarily to officers which were paid
by issuance of 314,000 shares of common stock for the period ended September 30,
2004. Compensation of $107,000 incurred in 2003 was to officers and paid by
issuing 214,000 shares of common stock in 2004.

Consulting fees, consisting primarily of $101,527 representing fair market value
of 203,052 shares of common stock issued to a firm to assist with public
relations, were $116,026 for the period ended September 30, 2004

Other expenses for the period ended September 30, 2004 totaled $33,549 and
consisted primarily of rent, utilities, and bank fees. Other expenses for the
period ended September 30, 2003 were $20,566.

Professional Fees for the period ended September 30, 2004 totaled $29,979,
which consisted primarily of legal, accounting and stock transfer fees.
Professional fees for the period ended September 30, 2003 totaled $70,998.

Oretech incurred Board of Director fees of $26,250 which were paid by issuance
of 52,500 shares of common stock for the period ended September 30, 2004.

All remaining expenses, including insurance, depreciation and amortization for
the period ended September 30, 2004 totaled $23,321. These same expenses totaled
$11,237 for the period ended September 30, 2003.

Liquidity and Capital Resources
-------------------------------

The Company has minimal cash resources and no revenues. However, the Company is
pursuing various debt and equity financing sources and is hopeful that it can
obtain the funds necessary to continue and expand its operations. There is no
assurance that the Company will be successful in any such efforts or that
proceeds from capital raising transactions will be sufficient to meet its
anticipated working capital and capital expenditure requirements until it begins
its operations. If adequate funds are not available on acceptable terms and
soon, the Company's business, results of operations, and financial condition
would be materially adversely affected.

As of September 30, 2004, the Company had raised $289,340 through
private placement issuances of 401,130 shares of restricted stock and 54,000
warrants.  The Company has used these funds for administrative expenses, as well
as the purchase of property and equipment. The Company has also borrowed funds
from shareholders and employees. At this time, our cash flow is entirely
dependent upon the sale of restricted stock and funds loaned by shareholders
and employees.

Income Taxes
------------

No provision for federal and state income taxes has been recorded because the
Company has incurred net operating losses since inception. Deferred income tax
assets arising from any loss carry forwards have been fully reserved as of
September 30, 2004.

ITEM 3. CONTROLS AND PROCEDURES

As required by Rule 13a-15 under the Exchange Act, the Company carried out an
evaluation of the effectiveness of the design and operation of the Company's
disclosure controls and procedures within the 90 days prior to the filing date
of this report. This evaluation was carried out under the supervision and with
the participation of the Company's management, including the Company's Chief
Executive Officer and Chief Financial Officer. Based upon that evaluation, the
Company concluded that its disclosure controls and procedures are effective.
There have been no significant changes in the Company's internal controls or in
other factors, which could significantly affect internal controls subsequent to
the date the Company carried out its evaluation.

Disclosure controls and procedures are controls and other procedures that are
designed to ensure that information required to be disclosed in Company reports
filed or submitted under the Exchange Act is recorded, processed, summarized,
and reported within the time periods specified in the Securities and Exchange
Commission's rules and forms. Disclosure controls and procedures include,
without limitation, controls and procedures designed to ensure that information
required to be disclosed in Company reports filed under the Exchange Act is
accumulated and communicated to management, including the company's Chief
Executive Officer and Chief Financial Officer, to allow timely decisions
regarding required disclosure.



                                       13
<PAGE>


                           PART II - OTHER INFORMATION



ITEM 1. LEGAL PROCEEDINGS

Not applicable.


ITEM 2. UNREGISTERED SALE OF EQUITY SECURITIES AND USE OF PROCEEDS

During the fiscal quarter ended September 30, 2004, Oretech
sold approximately $105,519 for 249,480 shares of its $.001 par value common
stock in transactions exempt from registration pursuant to Section 4(2),
Regulation D and Regulation S.

In addition, during the same period, Oretech issued $266,528 in shares of its
common stock in exchange for salaries, director and committee fees and
consulting fees.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

Not applicable.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

Not applicable.

ITEM 5. OTHER INFORMATION

Not applicable.

ITEM 6. EXHIBITS

Exhibits
------------

Exhibit           31.1 Certification Pursuant to Section 302 of the
                  Sarbanes-Oxley Act of 2002.

Exhibit           31.2 Certification Pursuant to Section 302 of the
                  Sarbanes-Oxley Act of 2002

Exhibit           32.1 Certification Pursuant to 18 U.S.C. Section 1350, as
                  Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of
                  2002.

Exhibit           32.2 Certification Pursuant to 18 U.S.C. Section 1350, as
                  Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of
                  2002.






                                       14
<PAGE>









                                   SIGNATURES

         In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                      ORETECH, INC.

                                      /s/ Jay W. Hobson
                                      ------------------------------------------
Date: November 18, 2004                   Jay W. Hobson
                                      Vice President and Chief Financial Officer
                                      and Principal Accounting Officer










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