Consolidated Balance Sheets (USD $)	Dec. 31, 2011	Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 5,427	$ 448,861
Accounts receivable, less allowance for doubtful accounts of $7,600 for both years	1,291,975	745,418
Inventories	1,066,813	143,291
Other current assets	56,208	18,255
Deferred tax asset	396,558	493,000
Total current assets	2,816,981	1,848,825
Properties, plants and equipment, net	6,047,004	3,845,000
Restricted cash for reclamation bonds	74,777	74,311
Other assets	54,766	94,766
Total assets	8,993,528	5,862,902
LIABILITIES AND STOCKHOLDERS' EQUITY
Checks issued and payable	113,908	0
Accounts payable	994,940	410,242
Accrued payroll, taxes and interest	141,928	90,503
Other accrued liabilities	119,292	220,128
Payables to related parties	101,974	18,060
Deferred revenue	43,760	0
Long-term debt, current	79,631	45,389
Total current liabilities	1,595,433	784,322
Long-term debt, net of current portion	158,218	82,407
Stock payable to directors for services	230,004	0
Asset retirement and accrued reclamation costs	241,500	107,500
Total liabilities	2,225,155	974,229
Commitments and contingencies
Stockholders' equity:
Preferred stock $0.01 par value, 10,000,000 shares authorized: Series A: -0- shares issued and outstanding	0	0
Series B: 750,000 shares issued and outstanding (liquidation preference $877,500 and $870,000, respectively)	7,500	7,500
Series C: 177,904 shares issued and outstanding (liquidation preference $97,847 both years)	1,779	1,779
Series D: 1,751,005 shares issued and outstanding (liquidation preference $4,714,433 and $4,673,284, respectively)	17,509	17,509
Common stock, $0.01 par value, 90,000,000 shares authorized; 59,349,300 and 56,307,382 shares issued and outstanding, respectively	593,492	563,073
Stock subscriptions receivable	0	(82,563)
Additional paid-in capital	25,635,129	24,505,331
Accumulated deficit	(19,487,036)	(20,123,956)
Total stockholders' equity	6,768,373	4,888,673
Total liabilities and stockholders' equity	$ 8,993,528	$ 5,862,902