AVAILABLE FOR SALE SECURITIES

3 Months Ended

Sep. 30, 2011

AVAILABLE FOR SALE SECURITIES

AVAILABLE FOR SALE SECURITIES

3.             AVAILABLE FOR SALE SECURITIES

The Company’s available for sale securities as of September 30, 2011 and June 30, 2011 consists of the following:

	As of September 30, 2011
	(Amounts in thousands)
			Unrealized
	Cost Basis		Gain		Loss			Fair Value
Non-current:
Seabridge Gold, Inc.	$	28,574	—		(5,243		)	$	23,331
Other	203		—		(6		)	197
	$	28,777	$	—	$	(5,249	)	$	23,528

	As of June 30, 2011
	(Amounts in thousands)
			Unrealized
	Cost Basis		Gain		Loss			Fair Value
Non-current:
Seabridge Gold, Inc.	$	28,574	—		(28		)	$	28,546
Other	203		127		—			$	330
	$	28,777	$	127	$	(28	)	$	28,876