1. NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Assets and liabilities measured at fair value on a recurring basis

		Level 1:
		Quoted Prices		Level 2:
		in active		Significant		Level 3:		Total
		Markets		Other		Significant		at
		for Identical		Observable		Unobservable		June 30,
		Assets		Inputs		Inputs		2012
Marketable Securities - Restricted	$	-	$	3,572,600	$	-	$	3,572,600
Asset Retirement Obligation		-		-		410,000		410,000
Contigent Land Payment		-		-		625,000		625,000
Contingent Purchase Price		-		-		500,000		500,000
	$	-	$	3,572,600	$	1,535,000	$	5,107,600