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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended 38 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
CASH FLOWS USED IN OPERATING ACTIVITIES:      
Net loss $ (14,047) $ (17,278) $ (148,714)
Adjustments to reconcile net loss to net cash used in operating activities:      
Services paid for with stock 538 455 3,695
Apollo fees paid with promissory note     6,750
Derivative (gains) losses (1,512)   55,154
Gain on debt extinguishment (11,774)   (9,774)
Impairment of assets 581   581
Stock-based compensation 1,103 2,609 18,648
Warrant expense 5,051 5,619 11,017
Interest expense 8,350 1,875 17,649
Amortization of debt discount 8,199   8,199
Amortization of deferred financing costs 62   62
Karlsson Group tax compensation     6,226
Depreciation 109 25 223
Changes in operating assets and liabilities:      
Other current assets 342 245 (424)
Deferred fees     (2,288)
Accounts payable and accrued liabilities 223 731 861
Change in derivative warrant liabilities (806)   (806)
Change in other long-term assets (299)   (298)
Change in other long-term liabilities 70   70
Net cash used in operating activities (3,810) (5,719) (33,169)
CASH FLOWS USED IN INVESTING ACTIVITIES:      
Mineral properties (6,412) (9,085) (27,186)
Land acquisitions (19)   (399)
Increase in restricted cash (353)   (353)
Equipment acquisitions (23) (396) (749)
Net cash used in investing activities (6,807) (9,481) (28,687)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from convertible notes 5,000   14,049
Merkin note amendment     (2,000)
Karlsson Note principal payments     (9,718)
Net Proceeds from common stock issued 7,107 37,887 87,039
Cash paid for non-controlling interest acquisition   (25,000) (25,000)
Net cash provided by financing activities 12,107 12,887 64,370
Net increase (decrease) in cash and cash equivalents 1,490 (2,313) 2,514
Cash and cash equivalents- beginning of period 1,024 11,300  
Cash and cash equivalents - end of period 2,514 8,987 2,514
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)
Grandhaven Option, net of $25,000 receivable     4,036
Accrued development activities 1,749 4,029 2,172
Non-controlling interest acquisition     500
Capitalized equity based compensation 484 2,454 3,923
SK Land Holdings Option (500) 500  
Convertible note into preferred stock     5,439
Preferred stock into common stock and warrants 2,276   (5,439)
Embedded derivative liability (non-current) 650   650
Buffalo revenue interest exchange 8,712   8,712
Sichuan success fee reduction 438   438
Sichuan success fee (in accrued liabilities) 50   50
Sichuan success fee (equity component) $ 1,000   $ 5,876