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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Mar. 31, 2013
Current assets    
Cash and cash equivalents $ 2,514 $ 1,024
Restricted cash 353  
Related party receivable 25 25
Other current assets 321 1,165
Total current assets 3,213 2,220
Noncurrent assets    
Land 399 380
Mineral properties 13,690 13,690
Equipment (net of accumulated depreciation of $230 and $132, respectively) 445 613
Other long-term assets 350 104
Total noncurrent assets 14,884 14,787
Total assets 18,097 17,007
Current Liabilities    
Accounts payable and accrued liabilities 4,628 14,607
Grandhaven option 4,060 4,060
Current portion of long-term debt   122,032
Tax compensation on note payable (Note 9) 1,164 6,226
Derivative warrant liabilities (Note 13) 17,055 4,060
Total current liabilities 26,907 146,925
Noncurrent liabilities    
Tax compensation on note payable (Note 9) 16,465  
Long-term debt (net of unamortized discount of $26,329 and nil, respectively) (Note 9) 97,893  
Accrued interest 10,730  
Other long-term liabilities 720  
Total noncurrent liabilities 125,808  
Total liabilities 152,715 146,925
Commitments and Contingencies (Note 17)      
Redeemable Preferred Stock: $0.001 par value; 100,000,000 shares authorized; 15,000,000 shares outstanding with a liquidation preference of $15,000,000 and nil at September 30, 2013 and March 31, 2013, respectively (Note 10) 5,646  
EQUITY (1)    
Common stock: $0.001 par value; 300,000,000 shares authorized; 4,174,039 and 1,451,914 issued and outstanding at September 30, 2013 and March 31, 2013, respectively 4 [1] 1 [1]
Additional paid-in capital 39,373 [1] 30,967 [1]
Losses accumulated in the exploration stage (179,641) [1] (160,886) [1]
Total shareholders' deficit (140,264) [1] (129,918) [1]
Total liabilities, redeemable preferred stock and shareholders' deficit $ 18,097 $ 17,007
[1] All common share amounts and computations using such amounts have been retroactively adjusted to reflect the September 4, 2013 1-for-50 reverse stock split.