FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Fair Value, by Balance Sheet Grouping [Table Text Block]

		Carrying		Estimated Fair
		Amount		Value
		(unaudited)		(unaudited)
Financial Assets:
Restricted marketable securities	$	686,476	$	686,476
Accounts receivable		168,092		168,092
Financial Liabilities:
Accounts payable	$	4,608,589	$	***
Accrued expenses		1,585,449		***
Accrued interest		6,487,252		***
Copper derivatives settlement payable		16,106,691		***
Current maturity of long-term debt		6,183,499		***
Current maturities of senior long–term debt		23,257,826		***