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STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
3 Months Ended 39 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Cash flows from operating activities:      
Net loss $ (4,058,540) $ (1,696,048) $ (23,075,091)
Adjustments to reconcile net loss to net cash used in operations:      
Depreciation 81,076 66,239 616,273
Amortization of deferred financing costs 0 4,592 150,000
Amortization of discount - PIK Notes 0 0 367,534
Issuance of PIK Notes in payment of interest 0 0 863,870
Stock issued for director and consulting services 30,999 34,338 231,764
Fair value of warrants and options issued to consultants and directors 641,112 429,029 3,558,409
Loss on revaluation of stock warrants 1,259,500 0 1,034,500
Loss on revaluation of stock awards 21,000 1,000 240,500
Gain on stock award forfeiture 0 0 (145,000)
Gain on Disposition of Assets 0 (1,000) (4,523)
Gain on settlement of debt 0 0 (101,380)
Other non-cash expense (income) 0 0 (28,587)
Provision for doubtful accounts 0 0 11,938
Loss on impairment of assets 0 0 66,881
Increase (Decrease) in:      
Accounts receivable 10,248 17,075 (22,110)
Mining supplies inventory 0 325 0
Deposits and prepaid (33,730) (15,847) 57,037
Increase (Decrease) in:      
Accounts payable and accrued expenses (10,538) 247,460 179,029
Net cash used by discontinued operations 0 1,350 603,585
Net cash used by operating activities (2,058,873) (911,487) (15,395,371)
Cash Flows From Investing Activities:      
Purchases of land improvements 0 0 (72,923)
Purchases of equipment and vehicles (49,389) (74,979) (503,460)
Proceeds from sale of assets 0 1,000 151,000
Net cash provided by discontinued operations 0 0 434,670
Net cash provided (used) by investing activities (49,389) (73,979) 9,287
Cash Flows From Financing Activities:      
Payments on notes payable (60,392) (62,597) (891,739)
Payments on leases payable (10,094) (45,817) (431,088)
Proceeds from insurance settlement 0 0 115,000
Proceeds from notes payable 0 0 124,129
Proceeds from PIK notes payable 0 0 9,600,000
Proceeds from sale of common stock 0 2,250,000 14,185,000
Payments for legal settlement 0 0 (170,000)
Net cash used by discontinued operations 0 0 (56,431)
Net cash provided (used) by financing activities (70,486) 2,141,586 22,474,871
Net increase (decrease) in cash (2,178,748) 1,156,120 7,088,787
Cash and cash equivalents at beginning of period 10,170,536 1,642,340 903,001
Cash and cash equivalents at end of period 7,991,788 2,798,460 7,991,788
Cash Paid For:      
Interest 4,312 15,054 90,848
Income Taxes 0 160 0
Supplemental Disclosure of Non-Cash Investing and Financing Activities:      
Conversion of debt and accrued interest to common stock 0 0 11,459,738
Equipment financed on lease 0 0 197,000
Equipment financed with notes payable 0 0 173,838
Prepaid insurance financed with note payable $ 0 $ 0 $ 141,908