Investments, Debt and Equity Securities

12 Months Ended

Sep. 30, 2011

Investments, Debt and Equity Securities

Available-for-sale Securities [Table Text Block]

NOTE 6 – AVAILABLE-FOR-SALE EQUITY SECURITY:

Available-for-sale equity security is comprised of 2,980,000 shares of common stock in Rae Wallace Mining Company (“RWMC”), which have been valued as described below.  The following table summarizes the Company’s available-for-sale equity security: 

	Year Ended September 30,
	2011	2010
Cost	$     50,000	$      50,000
Unrealized Gain	486,400	456,600
Fair Value	$   536,400	$    506,600

Management has determined the best measure of fair value to be the bid price of RWMC stock as quoted by the market maker in the stock as of September 30, 2011 and 2010, which was $0.18 and $0.17 per share, respectively. 

RWMC is also a related party to the Company (see Note 10).