CONSOLIDATED STATEMENT OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	3 Months Ended		35 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 1,534	$ (3,328)	$ (133,133)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Services paid for with securities	256	167	3,413
Apollo fees paid with promissory note			6,750
Derivative (gains) losses	(2,900)		53,766
Gain on debt extinguishment	(13,514)		(11,514)
Loss on sale of fixed assets	2		2
Stock-based compensation	951	444	24,463
Warrant Expense	3,300		3,300
Interest expense	5,286		14,596
Amortization of debt discount	3,800		3,800
Amortization of deferred financing costs	22		22
Karlsson Group Tax Gross Up			6,226
Depreciation	54	9	167
Changes in operating assets and liabilities:
Accounts receivable	2		(4)
Other current assets	172	(64)	(493)
Deferred fees			(2,288)
Deposits			(104)
Accounts payable	(35)	434	1,134
Accrued liabilities	414	258	(117)
Change in derivative warrant liabilities	(785)		(785)
Change in other long-term assets	(210)		(210)
Change in other long-term liabilities	100		100
Net cash (used) in operating activities	(1,551)	(2,080)	(30,909)
CASH FLOWS FROM INVESTING ACTIVITIES:
Mineral properties	(2,288)	(3,787)	(23,062)
Land acquisitions	(19)		(399)
Increase in restricted cash	(4,063)		(4,063)
Equipment acquisitions	(11)	(150)	(738)
Net cash (used) in investing activities	(6,381)	(3,937)	(28,262)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
Proceeds from convertible notes	5,000		14,049
Merkin note amendment			(2,000)
Karlsson Note principal payments			(9,718)
Proceeds from common stock issued	3,280	1,000	83,212
Non-controlling interest acquisition		(5,000)	(25,000)
Net cash provided by (used in) financing activities	8,280	(4,000)	60,543
Net increase (decrease) in cash and cash equivalents	348	(10,017)	1,372
Cash and cash equivalents- beginning of period	1,024	11,300
Cash and cash equivalents - end of period	1,372	1,283	1,372
Cash paid for interest	0
Supplemental disclosure of non-cash transactions:
Convertible notes and accrued interest converted into shares of common stock			(9,493)
Common stock attributable to reverse merger			2
Fair value of land contributed by non-controlling interest			(11,000)
Note receivable in exchange for shares of common stock			(1,125)
Warrants issued and recorded as deferred financing costs	1,714		(1,671)
Grandhaven Option, net of $25,000 receivable			4,036
Accrued development activities	2,352	3,282	3,166
Accrued cost of public offering	298	350	298
Non-controlling interest acquisition		500	500
Capitalized equity based compensation	361		3,439
SK Land Holdings Option	500		500
Sichuan success fee (in accrued liabilities)	1,588		1,588
Sichuan success fee (equity component)	$ 3,876		$ 3,876