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STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended 36 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2011
Cash flows from operating activities:        
Net loss $ (7,482,636) $ (4,767,697) $ (6,766,172) $ (19,016,551)
Adjustments to reconcile net loss to net cash used in operations:        
Depreciation 248,605 162,859 123,733 535,197
Amortization of deferred financing costs 146,939 3,061 0 150,000
Amortization of discount - PIK Notes 0 2,194 365,340 367,534
Issuance of PIK Notes in payment of interest 342,884 238,399 282,587 863,870
Stock issued for director and consulting services 118,436 65,079 17,250 200,765
Fair value of warrants and options issued to consultants and directors 2,181,394 334,669 401,234 2,917,297
Gain on revaluation of stock warrants (225,000) 0 0 (225,000)
Loss on revaluation of stock awards 47,000 22,000 150,500 219,500
Gain on stock award forfeiture 0 (145,000) 0 (145,000)
(Gain) loss on disposition of assets (1,000) (3,113) (410) (4,523)
Gain on settlement of debts (101,380) (333,502) 0 (434,882)
Other non-cash expense (income) (28,587) 0 0 (28,587)
Provision for doubtful accounts 11,938 0 0 11,938
Loss on impairment of assets 4,862 19,977 42,042 66,881
(Increase) Decrease in:        
Accounts receivable 28,873 (61,275) 44 (32,358)
Mining supplies inventory 3,503 (3,503) 0 0
Deposits and prepaid expenses (12,801) (33,196) 136,764 (90,767)
Accounts payable and accrued expenses 18,387 199,026 305,656 523,069
Net cash used by discontinued operations (1,152) 118,011 486,680 603,585
Net cash used by operating activities (4,699,735) (4,182,011) (4,454,752) (13,336,498)
Cash flows from investing activities:        
Purchases of land improvements 0 (70,729) (2,194) (72,923)
Purchases of equipment and vehicles (271,387) (60,104) (122,580) (454,071)
Proceeds from sale of assets 1,000 150,000 0 151,000
Net cash provided by discontinued operations 0 2,500 432,170 434,670
Net cash provided by investing activities (270,387) 21,667 307,396 58,676
Cash flows from financing activities:        
Payments on notes payable (518,726) (145,418) (167,203) (831,347)
Payments on leases payable (167,956) (131,764) (121,274) (420,994)
Proceeds from insurance settlement 0 115,000 0 115,000
Proceeds from notes payable 0 0 124,129 124,129
Proceeds from PIK notes payable 0 4,550,000 5,050,000 9,600,000
Net proceeds from sale of common stock with attached warrant 14,185,000 0 0 14,185,000
Payments for forfeiture of stock 0 (170,000) 0 (170,000)
Net cash used by discontinued operations 0 0 (56,431) (56,431)
Net cash provided by financing activities 13,498,318 4,217,818 4,829,221 22,545,357
Net increase (decrease) in cash 8,528,196 57,474 681,865 9,267,535
Cash and cash equivalents at beginning of period 1,642,340 1,584,866 903,001 903,001
Cash and cash equivalents at end of period 10,170,536 1,642,340 1,584,866 10,170,536
Cash Paid For:        
Interest 58,056 10,893 17,587 86,536
Income Taxes 1,465 550 0 2,015
Supplemental Disclosure of Non-Cash Investing and Financing Activities:        
Conversion of debt and accrued interest to common stock 5,019,895 2,343,922 4,095,921 11,459,738
Equipment financed on lease 0 197,000 0 197,000
Prepaid insurance financed 141,908 0 0 141,908
Equipment financed with note payable $ 173,838 $ 0 $ 0 $ 173,838