FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2012

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

		Carrying		Estimated Fair
		Amount		Value
		(unaudited)		(unaudited)
Financial Assets:
Cash and cash equivalents	$	4,457	$	4,457
Restricted marketable securities		686,476		686,476
Accounts receivable		209,771		209,771
Financial Liabilities:
Accounts payable	$	4,549,839	$	***
Accrued expenses		1,721,000		***
Accrued interest		7,584,005		***
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		***