Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Dec. 31, 2018	Jun. 30, 2018
CURRENT ASSETS:
Cash	$ 10,428,232	$ 13,810,805
Prepaid expenses and other	106,664	155,671
Total current assets	10,534,896	13,966,476
OTHER ASSETS:
Investment in Peak Gold, LLC (Note 4)
Total other assets
TOTAL ASSETS	10,534,896	13,966,476
CURRENT LIABILITIES:
Accounts payable	10,324	11,192
Accrued liabilities	54,663	245,212
Total current liabilities	64,987	256,404
COMMITMENTS AND CONTINGENCIES (NOTE 11)
SHAREHOLDERS’ EQUITY:
Common Stock, $0.01 par value, 30,000,000 shares authorized; 6,357,113 shares issued and outstanding at December 31, 2018; 6,153,266 shares issued and outstanding at June 30, 2018	63,571	61,533
Additional paid-in capital	56,478,299	54,949,370
Accumulated deficit	(46,071,961)	(41,300,831)
SHAREHOLDERS’ EQUITY	10,469,909	13,710,072
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 10,534,896	$ 13,966,476

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).